Serabi Gold Dividends - SRB

Serabi Gold Dividends - SRB

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Serabi Gold Plc SRB London Ordinary Share GB00BG5NDX91 ORD 10P
  Price Change Price Change % Stock Price High Price Low Price Open Price Close Price Last Trade
  -2.50 -3.42% 70.50 73.00 70.50 73.00 73.00 15:45:22
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Industry Sector

Serabi Gold SRB Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

bomber13: Thanks PPVN , great spot and lots to like . Mike has always struck me as an honest straightforward professional CEO , and dropping two mega names like RTZ and Anglos into the webcast may be entirely genuine , but it is also immensely exciting . If they agreed a farm-in deal with , say , Anglos , it would not only do wonders for their street credit , and share price , but it would also give them yet another permutation on their own funding needs . The other thing that struck me is the tangible confidence in the ore sorter . It has certainly made me think that the 25% upside to gold production from the Palito complex , yet with the same amount of plant throughput , might well implicate AISC per oz falling by , say , 10%/15% to below US$900 per oz ? Near mine exploration is also going to become a significant catalyst within the next few months . All told , Serabi is just a terrific organic growth story , and the good news is that Mike is out there marketing it very eloquently .
bomber13: Either word will do Boris , my point is that the market is valuing Serabi as a 40/- oz producer , nothing more , so neither Coringa nor any exploration success is in the share price in my opinion .
millwallfan: Some knowledgeable analysts are suggesting the current bull run has a long way to go over the next few years. One has even mooted up to $3,000. Yes there will Undoubtedly be the usual peaks and troughs along the way but hopefully we over time see higher highs and higher lows. Just imagine IF our production did get to 80k ozs in 2 years time and AISC sub $900 and PoG over $2,000 ............. I think all current holders would think we were in dreamland. Add a sensible P/E for producing miners of 8-10 and..... I won’t even dare to do a share price projection for fear of getting over excited and feinting. Any views to bring me back down to Earth very welcome.
loganair: Very good interview, 36 mins long - main points: 1. Ore sorter for Low Grade Ore - Palito: - Full benefits from January 2020. - Saves $1mln in production costs per year. - Liberates 20% in the plant so able to put through more high grade ore which means an increase from 40,000oz to 50,000oz of gold mined. Almost all this extra revenue goes straight to the bottom line as profit. 2. Currently forecasting to make around $4.5mln profit for 2019. (Did not mention what price of gold for this forecast.) Coringa: 1. $25mln to bring in to production which includes a 20% contingency. 2. AISC $800 to $850 per oz which will bring down the total ASIC for all gold mined to $900 to $950 per oz. 3. Already have the cash in the bank to make the final payment on the purchase of Coringa. 4. Will bring Coringa into production with debt. Once Coringa in full production base case SRB mining 80,000oz per year and up to 100,000oz Not looking for any further M&A until Coringa is fully up and running. When looking for any M&A looking at Open Pit for scale and to bring costs down. 85% of SRBs expenditure are in local Brazilian BRLs. The two companies that dumped their SRB stock causing the share price to fall to 23p was an absolute blessing as was good for the liquidity of SRB stock as was pick up by retail investors going from 9% to now owning 17% of SRB while the other 83% is owned by long term institutional share holders. Lots more steam left in the SRB share price.
morethanme: I think that the reason for the share price lies in the timing of the forced seller. By bringing down the share price to the lows of 24p during May, just before gold sharply rose to the $1500s, the 3 fold increase in share price of Serabi looks like a response to the gold price increase. When in effect it was merely a correction in price after the forced seller's shares were cleared. This is the reason I chose to invest in Serabi at a price of 70p after it had nearly increased nearly 300% from 24p levels and looked overbought. In effect it has yet to participate in the gold miners rally on the increased gold price. If you look at the value of the company when gold was $1280 /Oz (excluding any value from: Coringa, exploration and the ore sorter): Serabi producing 40,000 Oz/year - Assuming: AISC of $1100 /Oz - Profit of $180 /Oz Annual profit of 40,000 * $180 = $7.2m (£5.9m) With a P/E of 8 gives a market cap of $57.6m (£47.1m) With 61.6m shares, a share price of £0.76 So right now Serabi is valued as a producer of 40,000 Oz at gold price: $1280, with no value given to the increased $1500 gold price, Coringa, the ore sorter, or future exploration. I plan to sit on this share for however long it takes to see the market revalue Serabi accordingly.
millwallfan: Wow. If those projections are anywhere near correct then if SRB can get to full production by ye 2020 with an AISC circa $900 then even if gold achieves $1,900 at 100,000 oz production and a conservative p/e of 8 one does not have to be a mathematical genius to work out where the share price might be even allowing for a small amount of dilution should they not be able to secure loans at sensible interest rate. A price at full production in excess of $10 is not beyond the realms of possibility. Surely if gold does continue to rise the best way forward would be to advance mine investment to increase production levels as quickly as possible to take advantage of the peak gold price period before the next cyclical fall.
loganair: It seems to me one of the main reasons why the SRB share price isn't much higher is because they consistently over promise on their production and the lowering of their AISC.
littlepuppi7: I am emphasising to the director as strongly as I can my views around moving Coringa forward. I won't share here but dilution is my least favoured option unless at a share price significantly higher than here. This is a critical moment for serabi. We should all be making our views known to the board. I would also prefer a slower development of Coringa if that meant no dilution. Tightfist, referring your point about the value of Coringa. Serabi has a really difficult time buying it, the sellers knew they had a great resource and it took a lot of effort to get that deal over the line. I think it was a bargain then and I think it's even more of a bargain now. I may be wrong , I frequently am but I think this will be a very strong week for srb. The pea will be a game changer and it's moments away in relative terms. For us insiders I would strongly suggest you load up here ASAP as this will not be this cheap for much longer.
loganair: Over the past 2 days 2% of SRB has been sold with the largest sell being delayed by over 24 hours which suggests to me the seller has finished selling. The seller would have had to report the sell to the stock exchange, however is allowed to delay the public reporting of their sells in order not to have too dramatic effect on SRBs share price.
loganair: Hearing both sides of the dividend discussion, I hope in 2021 SRB start paying a dividend as it will be a reward for the patient share holders. More money would come into SRB shares, meaning the share price will rise which will also be very good for SRBs larger share holders.
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