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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
  +7.00p +10.53% 73.50p 73.00p 74.00p 74.00p 65.00p 66.50p 572,669 16:25:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 33.9 -3.8 -8.8 - 43.00

Serabi Gold Share Discussion Threads

Showing 7726 to 7750 of 7750 messages
Chat Pages: 310  309  308  307  306  305  304  303  302  301  300  299  Older
DateSubjectAuthorDiscuss
25/6/2019
17:14
78steve: The market values AAZ higher because it is more profitable, it has lower costs and lower debt, and in particular it pays a dividend. Nevertheless, I prefer SRB at the present price because I think it likely that it has plenty of gold in the ground, which will eventually be mined profitably, and so it will be able to settle the debt and pay a sustainable dividend.
meanreverter
25/6/2019
16:23
meanman. Why not ? Are you a bear or bull here ?
78steve
25/6/2019
16:21
78steve: Why do you compare a low-cost (i.e. high-margin) opencast miner with a high-cost narrow-vein underground miner? The profitability is based on the margin, not on sales.
meanreverter
25/6/2019
16:01
AAZ is producing circa 80k ounces and market cap around £140m. If SRB get to 40k ounces they should have market cap of 70m which is around 70% uplift from here. dyor
78steve
25/6/2019
15:22
For the benefit of people here. 1 mm is selling at 71, then its 74 to the next one... Quite a gap up.. They have started going blue.... Gold almost +16 USD now...
gregpeck7
25/6/2019
14:52
Gold price getting back up towards to days high. Be great to close above 1425... (1432 at the moment) Still convinced we will see 1500 soon.
gregpeck7
25/6/2019
13:01
Does that both ways mate... A lot of the holders (ii's) raised at 3 figure SP's though so a great deal of the stock here is firmly under lock and key... I suspect they have a buyout figure in mind... I personally think someone will just swoop and take this out for 200 - 300p... GP
gregpeck7
25/6/2019
12:27
The only thing with this share is sometimes it goes to NT trade if you put a dummy sell in so liquidity is low due to the amount of shares in circulation which I'm not to fussed about as I see this as a long term investment and not a day trader
mick1909
25/6/2019
12:20
Exactly. And in 18 months they are targeting 100,000.. what's that worth? And how much untapped potential in the ground?
gregpeck7
25/6/2019
11:09
If we produce 40,000 oz at 1000 dollars per ounce and have an average sale price 1500$ an ounce that's 20 million profit so the mcap should be north of 200mil $ which is £156 so I make that £2.40 a share 300% gain from here
mick1909
25/6/2019
10:26
Thanks everyone for the insightful posts. I've been holding for about 18months and things are starting to look quite exciting!
poieo
25/6/2019
09:50
MOD resources taken out today BTW... AUS offer accepted... Will we start seeing gold miners fall to cheap offers now?
gregpeck7
25/6/2019
09:46
Added 10,000 more this AM btw... Gold price alone this is a stupid valuation.
gregpeck7
25/6/2019
09:42
Hi All,Yes, I too had wondered if the one month delay on the PEA was really awaiting increased Coringa resource news - and improved IRR.I guess the PEA may reveal the equipment aspect too, although the vein widths/structure seem to take a while underground to properly understand? I suppose in the early days they will be able to use any displaced larger equipment - and defer capex - all IMHO.Only five weeks to go! Maybe we will see an updated Coringa resource RNS beforehand? tightfist
tightfist
25/6/2019
08:59
The longer and clearer the base then the rally which eventually follows that base will be considerable and gold formed a clearly defined multi-year base.
loganair
25/6/2019
07:47
Gold doing its bit. Had a huge spike earlier but currently around 10 usd higher. Very much feel this is a run to over 1500. That would surely be transformational alone to srb's prospects and very much make finding Coringa from cashflow or competitive loan a reality. Coringa will delivers a huge uplift in production performance but I would prefer to not be diluted again. I could live with up to ten percent but would prefer nothing. What we also need to keep our eye on here is the gold we are not exploiting yet and the Cinderella shear. It looks like the current licenses are incredibly prospective and that is 100 percent not prices in.
gregpeck7
25/6/2019
04:43
Hi PPVN & tightfist - Thank you for your responses. Great dialogue. I overlooked the PEA that's to be released very soon. Hopefully this will have the details we're all looking for. Interesting comment on "(they) shipped some of the older Palito equipment to Sao Chico but no real idea here I'm afraid." The 14 November 2018 PR (financials) indicated the purchasing of new generation equipment for narrow-width mining. MND "introduced our new generation ‘mini-scoops’, the first of which arrived on site during the second quarter. These, along with the use of narrow-width face drilling jumbos, are allowing us to advance much faster breaking a lot less rock in the process." PR further states purchasing "narrow profile mine haulage truck, which will allow the Company to reduce the dimensions of accesses to new areas". The 14 November 2018 PR does not mention where the equipment has been deployed between the two operating mines. Subsequent PRs have not provided any updates on the cost effectiveness of the new equipment, or additional purchases. Based on some research, these narrow profile UG mining equipment have merit. Mining less rock at the start of the process reduces costs all the way through the entire process. Perhaps someone in UK can kick the tires on this when speaking with IR or officer.
sherry35
24/6/2019
22:16
Hi tightfist, The PEA is definitely going to shed a bit more light on this - they've obviously been trying to extend the resource base (hence the delay as well as last weeks announcement?) so I don't know what impact that could have on the overall resource base. The Anfield dollar costs as well as AISC were really impressive, hoping they can maintain that level. Anyway, all will be revealed in good time I suppose!
ppvn
24/6/2019
20:47
Hi PPVN, I understand that within the Coringa acquisition cost from Anfield about $5m was for pre-owned equipment that was used previously in Australia and then shipped-in, I think by Anfield.Until we see the PEA I don't think we know how/how much SRB estimate they can reduce the Anfield capex - and the phasing of costs/cash flow to minimise funding whilst not being too close to the wire! PoG advance is welcome but can only go so far.....Cheers, tightfist
tightfist
24/6/2019
20:33
Hi Sherry, I anticipate that a lot will become clear with the PEA publication. It is already clear that two of the early major hurdles are the mining permit and the to-be "financing package" referred to in the AR; what that consists of, and how much, remains to be seen. Right now I see IMO some seemingly very optimistic assumptions being made on this BB; meanwhile PoG advance is most welcome and timely! tightfist
tightfist
24/6/2019
20:24
Evening Sherry, Agree it would be useful to know how much Coringa will cost to get up and running, the Anfield PEA suggested $28mm but with the dry stacker and what Serabi have already spent there I don't know what further is required. Do they have plant they can relocate? Know that they shipped some of the older Palito equipment to Sao Chico but no real idea here I'm afraid. What I do know though is that if gold stays or goes past $1400 and they manage to get their aisc to $900 (or $850 as i believe they were targeting?), serabi are going to be very close to self funding if they can do the 60k oz they have planned. All speculation obviously but then that means they would be throwing off cash in 2021 with three mines I guess!
ppvn
24/6/2019
20:19
Gold just touched 1420 usd per ounce. 1500 coming imo.
gregpeck7
24/6/2019
18:02
I stand corrected. SBI has published a June 2019 Investor Presentation. https://www.serabigold.com/wp-content/uploads/2019/06/Q1-Results-Corporate-presentation.pdf No "10,000 foot view" project plan of the Coringa mill commissioning in the investor package. I'm sure the institutions are getting different package to us.
sherry35
24/6/2019
17:53
PPVN - I agree with your post on the ore sorter and a 2021E of 100K oz Au per year. The ore sorter should boost the mill head grade by 40% to 50%. With the other two down stream mill enhancements in place, I predict 15K Au oz per quarter from the Palito mill starting 1Q2020. 4Q2019 should see some ramp up effect from the sorter. Given the recent changes to tailings treatment at Coringa, I believe there will be some additional costs in bringing Coringa into production. It is unclear to to the legacy posters, including myself, if Coringa has all the necessary equip. and infrastructure to support production for 2H2020. SBI has not made that clear to any of us. Given their hints about acquisitions in the proxy documents, something has to give in the form of financing either with cash, shares or loan. Given their grades, production ramp-up and robust POG, I don't foresee any issues in doing a PP or loan. The concern I have is the existence of a clear "detailed" project plan to bring Coringa online. There is no 10,000 foot view project plan in the investor package aka Gnatt chart -> if they ever publish another one this year!!!
sherry35
24/6/2019
16:49
I think with luck that would be everyone's preference - I'm fairly agnostic between equity at a premium or Sprott though. I couldn't believe it when they extended their facility with them because it just seems so punitive (their rates and costs). Anyway with luck they will have an increased access to debt facilities thanks to having two solid mines with good track records of production, and with it being used for capex at a third site they may be able to pull a rabbit out of the hat! Fingers crossed anyway.
ppvn
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