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
  +4.00p +6.15% 69.00p 68.00p 70.00p 69.00p 65.00p 65.00p 232,812 16:20:42
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 33.9 -3.8 -8.8 - 41

Serabi Gold Share Discussion Threads

Showing 7301 to 7325 of 8925 messages
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DateSubjectAuthorDiscuss
26/4/2019
10:53
Serabi is forecast to be earnings positive per share at the end of this financial year. Serabi's forecast EPS going forward for the years ending: 2019 - 04.8p 2020 - 12.73p 2021 - 15.08p
loganair
26/4/2019
10:48
tightfist - At last, same here
loganair
26/4/2019
10:42
Someone has dumped some - or the price is being walked-down for an imminent placing..... Just Bought instantly a small top-up at 30.9p!!
tightfist
26/4/2019
10:40
No idea what is going on? Seemingly all buys and plummeting we go? Quite frustrating really - the shares must be coming from somewhere. I guess someone is just keen to get rid of some.
ppvn
26/4/2019
10:36
Took another 15,000 just now at 31p recorded as a buy, mms are trying to play games I reckon
laptop15
26/4/2019
09:55
I'm becoming very frustrated at my broker as I've had my order in all week to Buy Serabi shares and because the people they use to book sales, who because Serabi are such a small company with few shares traded only traded via matching on their book I haven;t managed to Buy any this week even though my Limit price is well above the ASK price.
loganair
26/4/2019
09:12
Took 15,000 just now, showing as a sell...looking oversold and very undervalued again
laptop15
26/4/2019
08:40
I agree, too. They have to demonstrate they can dependably deliver 100kpa by delivering consistently from the three existing properties (or adjacent land). IMO we need time to move on operationally from cash-flow limitations to cash generation and get some oomph and credibility into the sp, such that any further acquisitions and expansion can use well-valued paper. Given their remoteness I would guess that will take ~30 months but WDIK?Cheers, tightfist
tightfist
26/4/2019
07:55
I agree execution on what they have is key for at least the next 12 months.
ironstorm
25/4/2019
23:15
I really think that serabi have enough on their plate at the moment! Palito, sao chico, and coringa total over 1.5mm oz resource now, they are falling over targets near Sao Chico (not forgetting a 7km!! magnetic shear in the form of cindarella) - surely, hopefully, they will get to 100k oz before looking at more claims to buy. I don't mean to sound negative on acquisitions, but as a shareholder I'd like to see them getting some ounces out of the ground and hopefully into my pocket. They have quite probably well over 20 years of mine life, despite being a hard rock mine. That's a really long mine life in terms of already defined resource for these types of deposit and they need to get some value into the company. With what they have they should be able to optimise and get the market cap to somewhere north of £100mm. Hopefully quite a long way north. I'd like them to at least earn us a bit of crust too!
ppvn
25/4/2019
22:41
I've been looking at nearby mines as possible acquisition prospects by SBI. There is a mine north west of the Palito tenements called "Mamoal". Its ownership is sketchy given the buyout of Brazauro by ELD. The geological complex for this area is called "Maloquinha Suite" as highlighted in a ELD technical paper. https://www.northernminer.com/news/brazauro-accepts-eldorado-s-takeover-offer/1000372289/ I believe the Mamoal mine is at the following coordinates: -6.188229, -55.984901 I can not find any current information on this mine and ownership. It may have been spun out by ELD, I'm not sure. I solicit the group for their thoughts and opinions on this mine being a possible acquisition target for SBI.
sherry35
25/4/2019
21:36
On the TSX, House 90 sold into the BID at 15 second intervals to walk the price down to 65 cents. New 500 BID orders cascaded down on every sale into the BID, only to stop at 65 cents. Very much controlled by some players. I'm on the BID at 61 and 50 cents. Been there for months. Apr 25 11:00:08 AM 0.65 1000 19 5 Apr 25 11:00:08 AM 0.65 500 19 1 Apr 25 09:35:22 AM 0.65 500 36 90 Apr 25 09:35:08 AM 0.67 500 1 90 Apr 25 09:33:53 AM 0.69 500 1 90 Apr 25 09:33:35 AM 0.71 500 1 90 Apr 25 09:33:10 AM 0.73 500 1 90 Apr 25 09:32:17 AM 0.75 500 1 90 Apr 25 09:31:50 AM 0.75 500 1 90
sherry35
25/4/2019
18:40
Hmmm... that is surprising; maybe it's time to reduce the size of your Order - give your broker a poke - or go through another broker? Occasionally there are days when there is news and SRB goes liquid, but it seems to last for one trading day only. On a quiet day a few moths ago I got a silly-low price quote for selling a few - "Nothing Done"!tightfist
tightfist
25/4/2019
18:18
I've been trying to buy a few Serabi shares putting a Limit price well above the ASK price and so far no luck. Because Serabi is such a small and illiquid stock the book that my broker goes through buys and sells only via matching and so far they have been unable to find a matching seller to my buy request.
loganair
25/4/2019
17:50
Hi Tightfist, yes I suppose that could make sense. I'm a little peeved as I've been buying more though! Ha. At this price its 2 producing mines plus coringa for the price of coringa! Oh, and about $15mm on the balance sheet! Really is quite amazing imv
ppvn
25/4/2019
17:24
My guess is that there is a yet-to-be-declared Sell being unwound and they want to deter any further sales? People must have need for short-term cash to be selling at these levels, but liquidity has been a problem for years at SRB.But WDIK! tightfist
tightfist
25/4/2019
16:30
Not quite sure what to make of the price action here? Been not unreasonable buys (for serabi!) throughout the day with what appear to be sells due to the price being lower than midpoint of the spread, then two tiny sales drop the price by 7%? Very strange.
ppvn
24/4/2019
17:35
Seneca Investment Managers have further slashed their exposure to shares and taken new positions in perceived safe haven gold funds to prepare for a ‘global slump’ starting next year. The multi-asset managers invest in a wide range of shares, bonds and specialist assets through its Seneca Diversified Income and Seneca Diversified Growth open-ended funds as well as the Seneca Income & Growth (SIGT) investment trust. Peter Elston, chief investment officer at the group, said evidence was mounting that the global economy was ‘approaching a downturn’ despite worries easing over recent months on the back of a more dovish tone from the US Federal Reserve and hopes that quantitative tightening from central banks will be put on the back burner. However, Elston is maintaining that investors need to gradually prepare for a ‘global slump’ that he believes will start ‘around the beginning of the next decade’. Last year the group cut US equity exposure to zero on the basis that the region was the ‘most advanced in the business cycle’ and Fed monetary policy was likely to be based on upward pressure on core inflation and low unemployment rates despite falling headline inflation. ‘The US is very obviously expensive and on a price-to-book ratio of three times, and the rest of the world is on one-and-a-half times,’ said Elston. ‘Some of that is justified – the US has a dynamic corporate sector that deserves some sort of premium – but a 100% premium I’m not so comfortable with.’ He has also reduced allocation to the UK but admits that ‘it’s a tricky one’ as from a business cycle perspective ‘there are reasons to start reducing’ but from a ‘market valuation perspective things have been coloured by Brexit’. ‘We have been reducing in the UK but maybe not as much as we would have done [without Brexit pushing down valuations],’ said Elston. In order to shield the funds from what Elston believes is an imminent downturn, he has taken two new positions in gold funds. Both the income fund and growth fund, as well as SIGT all now have positions in Investec Global Gold and the Invesco Physical Gold exchange-traded commodity. ‘It is very hard to find safe haven assets at a reasonable valuation,’ said Elston. ‘Safe haven bonds are horribly expensive, so we have had to look elsewhere. Wanting to find safe haven investments reflects our warning that we are approaching the end of the cycle.’ He added that the gold funds were held in the funds’ cash allocation as it is a ‘form of cash’. ‘It is more attractive than cash when central banks are debasing currencies, as they will when the downturn happens,’ he said.
loganair
24/4/2019
15:12
If they can get their aisc down to $1k and, by the end of the year, below (when the ore sorter is live) then this really is one of the biggest bargains out there that I can find. Market cap following this rather outsize drop today is £20m - they are a profitable company as they stand. Baffling! Definitely a rerate on the cards here; my guess is that when q1 financials are out it should really fly. Gross profit should be in the region of $4m (for q1).
ppvn
24/4/2019
14:45
Interesting, also Silver, Copper, Lead and Zinc which Serabi do not mention that often. Highland Gold Mining report production of Lead and Zinc from one of their mines as gold equivalent and accounts for around 15% of HGMs revenue. The Coringa report from July 2017 "Average net cash operating costs of $585/oz and all-in sustaining costs of $783/oz" & "Probable mineral reserves of 324koz of silver" Hopefully Serabi will be able to get their AISC below the $1,000 per oz they said they would Serabi's Palito mine also has Copper.
loganair
24/4/2019
13:38
I found this link pretty interesting. It's a description of what exactly Serabi bought (Coringa). Sounds fairly ready to go, once the license is secured. hTTps://miningdataonline.com/property/3111/Coringa-Project.aspx
ppvn
22/4/2019
21:59
BBVA - “The shift towards more accommodative policies by the main central banks has reduced financial tensions in both global and local markets. Thus, the Brazilian exchange rate has neared US$3.8 and could remain close to this level for some time. But the slow progress of both the economy and reforms, as well as the deterioration in the terms of trade, support the forecast of depreciation up to 3.95 at the end of 2019 and 4.05 at the end of 2020.” As a miner around 80% of Serabi's expenditure are in local Brazilian currency while they sell their gold in USD.
loganair
21/4/2019
21:16
What seems very positive to me are Serabi's forecast EPS going forward for the years ending: 2019 - 04.8p 2020 - 12.73p 2021 - 15.08p Even if only half this amount transpires then it seems to me Serabi will be able to pay off their debt with profits with sufficient left over to start paying divdends from as early as some time from the first half of 2021. Any increase in the Price of Gold will mean an increase in EPS, likewise any reduction in the AISC of producing the gold will also lead to an increase in EPS. All this lends me to being positive on Serabi going forward.
loganair
17/4/2019
10:27
GM Sherry, It's that first set of coordinates I think is most telling. If you follow the water channel as it drains (it flows NE when looking at the map), the whole channel has been mined. It then intersects another river channel that flows south east when looking, again, that channel has been extensively mined. They have done this as the gold has run off from the source in the water channels but the source has not yet been mined. The hill to the NW of your coordinate is forested (not anymore as we know from the PDAC slide 16) - so looks like over time the cindarella shear has been weathered and given up some gold to the river channels. Hopefully a lot of gold still remains there. It's why I find it intriguing!
ppvn
16/4/2019
20:46
Gold prices could reach $1,400 per ounce in 2019 due to the US Federal Reserve’s less aggressive stance on interest rates, bullion purchases by central banks and lingering global uncertainties, market analysts explain. “I think that we expect gold to continue to trade pretty much within that range for the coming months,” said Martin Huxley, global head of precious metals at financial services firm INTL FCStone. “But over the second half of the year we expect it then to grind higher, and potentially it could test 1,400 towards the end of the year,” he said, referring to gold’s price per ounce in relation to the dollar. “The view is that there won’t be any interest rate rises this year, which again will be supportive for the precious metals sector,” he said. Metals expert Suki Cooper of Standard Chartered also said she expects bullion prices to move higher in 2019. “We expect gold to end the year on a strong note,” Cooper said, adding that it is “in the fourth quarter that we’ll see gold prices testing the highs that we saw in 2018 and 2017, and potentially matching the highs from five years ago.” Personal note - I think Gold will only go to $1,400 per oz is there is a loss of confidence that the Fed has the financial markets backs and therefore the financial markets become unsure about the future.
loganair
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