Share Name Share Symbol Market Type Share ISIN Share Description
Serabi Gold Plc LSE:SRB London Ordinary Share GB00BG5NDX91 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 86.50p 85.00p 88.00p 86.50p 86.50p 86.50p 37,532 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 33.9 -3.8 -8.8 - 51

Serabi Gold Share Discussion Threads

Showing 9701 to 9725 of 9725 messages
Chat Pages: 389  388  387  386  385  384  383  382  381  380  379  378  Older
DateSubjectAuthorDiscuss
13/10/2019
11:54
Just listening to the interview. Its very long but very positive. Ore sorter now on site and should be in production in dec/jan. A 10k increase in production for the year at very little cost :)
jeanesy
13/10/2019
10:38
sherry35 - MH said that the two mines are too small for a major and is why the Coringa mine was sold to SRB in the first place.
loganair
13/10/2019
06:42
I was wondering the time frame for updates on these exploration targets? Are we days, weeks or months away?
borisjohnsonshair
13/10/2019
03:00
loganair - Thank you for the summation on the interview. Any mention of a buy-in from a major in drilling some of the Sao Chico and Cinderella hot spots?
sherry35
11/10/2019
09:27
Lots of positivity in here which is great but not being reflected in the share price ? Bought a few more but spreads has been prohibitive when you buy something for 87.2 for it be immediately devalued to 85.7 plus dealing then IMO it holds back investing in such a share . Might be a start of me building a decent pot in this based on the posts here from people I respect .
kennyp52
10/10/2019
13:30
Lots of bad England there
borisjohnsonshair
10/10/2019
13:22
Yep - too good to be true. Things usually aren't but I can't spot the problem!!! I'd like more than 16% in "retail" hands. I still consider this an issue. With a massive undervaluation I actually consider their a case to dilute, even thought debt is generally considered much better. I think that's me being impatient though. I want ACTION
borisjohnsonshair
10/10/2019
12:56
Hey bomber, great post as ever and does hit the nail on the head. It isn't imo ridiculous to think this share price could get to a fiver in a couple of years. This one is definitely the share I'm most excited by, despite it doing the least (for the past couple of months anyway!).
ppvn
10/10/2019
12:29
Absolutely excellent interview , it ticked all the boxes in my view . I thought Mike's point on Coringa was particularly well-made . The consultants modelled their assumptions on the Palito experience , allowing nothing for the greater widths of the vein systems at Coringa , therefore the scope for mechanisation , and allowing nothing for the potential benefit of an ore-sorter . Notwithstanding these factors , they also applied a 20% contingency not only to the initial US$25m of capital required , but also to the US$850 per oz assumption for AISC . If the ore sorter is as successful at Palito as Serabi think it will be , we should surely be shooting for 50/-oz of production next year at AISC below US$1000 , which would equate to free cash flow of at least US$25m at a gold price of US$1500 , i.e more than enough to offset any Sprott loan taken out for getting Coringa up and running . All being well on permitting , timing , ore sorter , capital raising , and mechanisation , then the blended AISC for Palito and Coringa could well fall to US$900 or below two years out , releasing US$50m-US$60m of annual free cash flow at a US$1500 gold price . Market cap today is a little over US$60m , and Cinderella hasn't even come to the ball as yet !!
bomber13
10/10/2019
11:39
That not their decision. It's a reporting rule. Their costs are far more predictable as the operation at Coringa is identical. They'll not need the contingency but one has to be included.
borisjohnsonshair
10/10/2019
11:21
I like how SRB have put in a 20% contingency in all their planning.
loganair
10/10/2019
10:31
Very humble. One could say not gunho enough however he gets away with it by sounding sincere and honest. If there was a transcript of the interview it would sound guarded and like some bad news was possible however I didn't get that impression from his tone. Basically sounded like the business is in very safe hands
borisjohnsonshair
10/10/2019
10:24
Hi bojo, No disagreement from me. I personally think gold will be much higher than $1,450 in two years (would be surprising to me if it's under $2k at that time) so 55mm FCF seems very conservative and achievable.
ppvn
10/10/2019
10:13
MH seems quite down to earth and realistic about the prospects for SRB, not way over the top as many CEOs of junior miners tend to be.
loganair
10/10/2019
10:09
Anybody agree / disagree with this?
borisjohnsonshair
10/10/2019
10:09
Unlike other CEOs of junior miners, I liked how MH was not too overly enthusiastic and doesn't say "World Class Recourse" as often other CEOs say about their resource.
loganair
10/10/2019
09:14
Yep. In 2 years at AISC US$900 and 100,000 ounces, say US$1,450 = US$55M / year FCF. However - many predicting US$1,900, 3,000 ...... if much of world reverts to gold standard 10,000!!!
borisjohnsonshair
10/10/2019
07:59
What an absolute corker. Ore sorter is transformational in its own. Coringa got the cash for the last payment and no dilution to bring into production. Get�em while you can. A very happy holder roll on next year
ironstorm
09/10/2019
22:16
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.
loganair
09/10/2019
20:38
There is a new video on the company website with Mike speaking to CRUX Investor. I can’t seem to get it to play on my iPhone, but think this is it here: https://m.youtube.com/watch?v=wf2SriA_SeE&list=PL7aLbQ61M7ZUVW22nbQW8zMRTeRdntX5N&index=2&t=0s Haven’t had chance to have a listen yet (it’s 35 mins long)
lessentin
09/10/2019
14:02
Chaps - I'll be here for 3-4 years or 500p, which ever is earlier.
borisjohnsonshair
09/10/2019
13:56
Likewise thanks and in for the long haul until market recognises value! This and CAPD are my latest golders. Stuck with CEY and SHG still....! DYOR
qs99
09/10/2019
13:05
Great posts and I obviously heartily agree! The potential here though for Coringa to come in with debt funding getting them to nearly 100k oz p.a. imo is pretty likely, then the anomalies at Sao Chico I guess are being explored to see whether opening a processing plant there is justified (tightfist you may have got more of a feel for that at the agm?) which would then be their platform to growth exceeding 100k oz pretty comfortably. Then they could tackle the Cindarella Shear...
ppvn
09/10/2019
12:21
Totally agree. The underlying development/promise of Serabi is largely lost currently within PoG drivers. PoG vs AISC is common to all goldies; the impact of the SRB overhang IMO lingers on and company specific developments are on top of that.Cheers, tightfist
tightfist
09/10/2019
12:06
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.
morethanme
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