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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Serabi Gold Plc | SRB | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.00 | 1.48% | 68.50 | 16:12:38 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 67.50 | 67.50 | 68.50 | 68.50 | 67.50 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 18/7/2024 21:25 by tightfist Kenny; Thanks for the resumé of the SRB outlook. I agree, the long wait for the final licence has also IMHO lead to a very suppressed sp; but recall that this is bureaucratic Federal Brasil, that has recently gone through a transformation/uphea |
Posted at 18/7/2024 12:19 by rachael777 I know you are right tight-fist - i think I’m just suffering ptsd from having held various amounts of Srb since the cash raise at 70p? A few years ago. My trust has worn very thin in the management and watching the crux interview it didn’t do very much to reassure me that keeping the level of investment I had in this made sense in the short term so time to reduce exposure. I struggle to see how management can be effective when the captain seems to be permanently in his bedroom lol. So as no one is forcing me to be invested here it just makes sense to step back.An example of my concern is the steady decline in Palito grades but rather than concentrate on improving the position of the mine we have a licence for we are chucking everything into a hole we don’t have a guarantee for. I understand that a Coringa licence in all likelihood will be granted but it is not 100% guaranteed so why ratchet up your risk and exposure until it is ours. Sorry if this comes across as being overly negative but it’s just the way I feel hence I have scaled back my holding here until I see proof and not just the ramblings of a none too slick used car salesman waffling on about 70k is nearly 100k lol |
Posted at 18/7/2024 07:25 by tightfist IIRC they explained a while back why 2024 production should rise in H2 to deliver the YE guidance. If anything they seem to be incrementally be getting ahead of the game at Coringa..They are pumping organic cash into accelerating the Coringa mine - in Q2 53% of the Mill ore feed came from there. As you say, we will see the evidence in the H1 financials.. Au contraire, I find SRB an easy Hold, even if the ride is sometimes choppy! |
Posted at 17/7/2024 08:31 by goldgeezer Agreed. Coringa is a great resource but not an asset without a license. The full license hasn't been secured for many years. When the trial license expires SRB, isn't an ongoing concern. |
Posted at 16/7/2024 16:19 by millwallfan Gold responding to various worldwide war and political concerns - come on SRB let’s see some production figures, improved AISC and an upbeat forward forecast. Essential to find some way to quickly progress a positive permanent licence. |
Posted at 11/7/2024 22:48 by tightfist MFW: This scenario seems rational, and happens repeatedly...... My read is that in a strong gold market, Gold Bugs sell-down microcaps eg Serabi, and reallocate capital to more liquid, higher cap Gold Stocks. Then rinse, and repeat! We need those SRB H1/Q2 numbers out, then the H1 financials - and some of the longer term developments, eg PEA. I suspect the full licence will take longer..... |
Posted at 17/5/2024 09:04 by kennyp52 Extract from chairman’s report ..Key to this remains the development of Coringa and the installation of the crushing plant and ore-sorter which is a significant element in the growth of the Group’s gold production for 2025 and thereafter. The ore-sorter cleared Brazilian customs during April and I am now pleased to report that it has arrived at site and work on the necessary civil works for its installation and commissioning later this year are underway. At the same time the crushing plant is also being prepared for installation. Since the publication of our Annual Report at the end of April there has been little further movement in the licencing process. The latest version of the Indigenous Impact Study (“ECI”) has been submitted to the government agency for indigenous communities (“FUNAI” In the past week I met with representatives of the Instituto Kabu, an association of the Kayapó Mebêngôrokre Indigenous community from the Baú and Menkragnoti Indigenous Lands, situated in the state of Para. It was a good conversation allowing us to further our understanding of the issues faced by the indigenous communities and assist in identifying solutions that can help meet their needs. Whilst we have challenges ahead and the next six months will be pivotal in our plans, we have a dedicated and experienced team to steer us through this. I look forward to reporting further progress on 13 June. Boris if you want to do 1 more post then please copy and paste where the chairman has posted a permanent block on the license . Otherwise it might be appropriate the FCA is notified of misleading information 🤷a BorisJohnsonsHair17 May '24 - 07:24 - 9215 of 9218 0 0 0 Have you filtered the SRB Chairman. If the reasons the license process had stopped was not SRB specific, surely he’d have mentioned this. The license is permanently (ongoing 5 years) blocked. He’s not mentioned strikes. Filter all fact and dream on …. recipe for a LOSER |
Posted at 06/4/2024 18:23 by tightfist Vino - An interesting angle: IIRC there is uncertainty who the landowners actually are...... I recall that SRB are holding the owners rightful recompense in an escrow account, pending the Rights ownership being properly established. .That may be a load of baloney (possibly mis-merging the SRB story and the Guardian aggrieved pitch?) so worth checking out in the AR? It also assumes the "rightful recompense" was defined in the papers when Coringa was bought from Anfield. Heaven forbid that SRB signed a blank cheque, isn't convention usually around 2% of NSR?. tightfist |
Posted at 14/3/2024 10:02 by kennyp52 Just asking Boris .. did your alarm go off in 2020 ? Near 100% accurate eh ? …BorisJohnsonsHair - 28 Aug 2020 - 06:58:41 - 365 of 8818 Serabi Gold - SRB On subject of dividends. When Coringa at 38,000 the FCF will be US$70M annually assuming $850 / ounce after AISC and 86,000 output total. They could easily issue a 25% dividend based on today’s share price. The share price won’t stay at these levels however the dividend for shares brought lower than 100p will still represent this level of yield. HAPPY DAYS. The future is sooo bright. The above ignores the mega game changing exploration. SRB a US$1B company = £13.2 share price. My previous estimates of 500p are too cautious. If you was 97% accurate you would have bought your own island by now next to Branson .. but you are not are you ? Probably just a fantasy trader , lost so much in the past you get desperate to win when you actually invest in a share ? Desperate Dan is a better avatar for you .. although Boris Johnson is a serial liar .. so maybe that’s why you chose it ? |
Posted at 02/2/2024 16:33 by kennyp52 Boris …BorisJohnsonsHair - 08 Dec 2021 - 18:33:30 - 4517 of 8641 Serabi Gold - SRB Why would I care if they drop to 60p. All I’ve done is buy more with drops BorisJohnsonsHair - 02 Dec 2021 - 08:31:47 - 4484 of 8641 Serabi Gold - SRB Cost of expansion. This is a means to an end time for sure but in 18 months 90,000 ounces - do the math and remember zero increase in admin costs, so the AISC will drop through the floor. All falling into place very nicely. Don’t follow the price, markets get them wrong. 2023. This is funny .. BorisJohnsonsHair - 13 Oct 2021 - 08:29:27 - 4141 of 8641 Serabi Gold - SRB My valuations are perfect. I had them verified by the Institute of Investment. The market is wrong but will correct. It’s my unique skill at identifying these misnomers that has made me mega wealthy and the most respected poster. I’m published. Read my book. 🤣 BorisJohnsonsHair - 12 Oct 2021 - 15:25:33 - 4132 of 8641 Serabi Gold - SRB Last time ever under 70p. Soon be 200p BorisJohnsonsHair - 04 Aug 2020 - 07:14:15 - 32 of 4135 Serabi Gold - SRB Very good news. The CLN extension lines up with the date Coringa will be fully paid off with free cash flow. US$9.5M to go. If the cash generation continues as is, we will also have adequate funds to pay for the mine development. What an awesome steady ship in rough seas. Fantastic. The future is great and not that far away. Stupid MCAP ....... under the radar and must rerate. 200p min, 500p in 24 months. BorisJohnsonsHair - 18 Nov 2020 - 14:21:21 - 1162 of 4135 Serabi Gold - SRB This should be between 300-500p in 11-12 months. Maybe £10. Cant undo what you have posted Boris .. try and spin your way out of these comments .. you can’t .. you could not have called it more wrong you plank |
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