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
  -1.50 -1.65% 89.50 88.00 91.00 91.00 89.50 91.00 11,756 09:12:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 33.9 -3.8 -8.8 - 53

Serabi Gold Share Discussion Threads

Showing 7301 to 7324 of 10875 messages
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DateSubjectAuthorDiscuss
26/4/2019
17:56
Chart looks good for a bounce too
laptop15
26/4/2019
17:55
https://twitter.com/laptop1515/status/1121738528491225088?s=19
laptop15
26/4/2019
16:50
Should get a rally in share price next week guys now that big filled sell order has gone through, around 1.5% of all shares in issue
laptop15
26/4/2019
16:47
Note the delayed print!!!
gotabsirius
26/4/2019
14:51
But isn't there a let-out in that the seller should be deemed "finished" before any declaration is required?? (IIRC the AIM rules and the LSE rules differ).IMO the company needs ALL the cash it has for Coringa and plant investments right now. Would be interesting if they have a mandate for share buy-back passed at the last AGM?Meanwhile I think Greenstone are up against the 30% ceiling that, if surpassed, requires a mandatory bid unless they get specific permission.Cheers, tightfist
tightfist
26/4/2019
14:30
Or the company could buy back the shares.
cotton4
26/4/2019
14:28
At 5.02%, Garraway would only have to reduce their holding by .0021% to trigger an RNS as reduced passed 5.00%.
loganair
26/4/2019
14:18
Thanks. SRB's broker needs to get those shares placed in secure hands - quickly; IMHO they have already tried and failed.IMO 5.02% would take many months to shift in the Open Market, not sure about the rules for partial sales disclosures along the way. Maybe the share price needs to be further suppressed to get them away Off-Market?Maybe I am being gloomy but this is not looking good to me; equity fundraising's would now be so dilutive. I believe we are of the collective view that SRB have/generate just sufficient cash for the final $12m Coringa payment, but beyond that what do they need to reach 100kpa? One solution that comes to mind is a go-slow to deliver it organically and limit dilution..... the other is do a further loan deal with Sprott. June AGM attendance anyone?Cheers, tightfist
tightfist
26/4/2019
13:51
Garraway went from an unnotifiable holding to 5.02% on 26th March with City Financial going from 5.0% to an unnotifiable holding on the 25th March. It seems to me that there are not many Serabi shares being sold on the open market, more buys then sells at the moment. Until today, I was having great difficulty in picking up Serabi shares.
loganair
26/4/2019
13:37
Hi loganair,Quote from Googling City Financial, dated 25th March:".....City Financial began offloading its funds in mid-March, transferring its flailing absolute return fund and a multi-asset range with £250m worth of assets between them to boutique manager Garraway...."So, (without going back through AR's and holdings) my guess is that Garraway have on their books considerable ex-CF SRB stock that they want to offload? IMO 5% sounds like a massive overhang on a very illiquid stock..... Hard Hats anyone? tightfist
tightfist
26/4/2019
12:52
Unless there is something happening that the Retail Private Investor is unaware of then I can see of no good reason for the 25% drop in the share price from 40p to 30p.
loganair
26/4/2019
12:39
The broker target increase is interesting too, 140p now
laptop15
26/4/2019
11:12
Just for information Serabi major shareholders: Fratelli Investments........32.8% Greenstone Resource.........25.3% River & Mercantile..........09.7% Garraway Capital Management.05.0% Anker Holding AG............04.3% Drake PIPE Fund.............03.9% Eldorado Gold Corporation...02.9% Directors(excluding Fratelli)2.1% Total of 86%
loganair
26/4/2019
11:07
Serabi may do a Trans Siberian Gold that fell from 55p to around 30p, then suddenly whoosh, very quickly rose to above 55p.
loganair
26/4/2019
11:01
The price of gold is remaining pretty steady, local currency is in their favour and increase in production of gold?????
loganair
26/4/2019
10:57
Woah big drop..cant see any reason why but this is equivalent to 2p or under now..gold has been stable as has the brazlian real vs dollar. So there must be a leak or fundraise coming.
hraj
26/4/2019
10:51
Crazy the way the mms are dropping the share price on no volume and mainly buys
laptop15
26/4/2019
10:15
Perhaps Mike and Clive could top up their holdings... Just very strange! Can't imagine anyone with a fairly decent size holding selling like this? Clearly dumping going on but just dont know why!
ppvn
26/4/2019
10:11
Or arrange for Greenstone to buy them and keep them off the public market whilst SRB preserve their cash/generation for the final Coringa payment and raising it to production capability....
tightfist
26/4/2019
10:08
Interesting thought - I quote from March:"On transferring City Financial's remaining funds FRP Advisory told The Times: "The priority . . . is to ensure the assets of the business are transferred to new owners in a smooth and orderly way."Do we know if CE held an SRB position? tightfist
tightfist
26/4/2019
10:01
I thought another fund had taken on their position here. I suppose that could make a lot of sense. If it is them though, Serabi should use some of their cash at this point to buy back their shares. It is cheaper for them now to buy shares than they paid to acquire Coringa - so would be a good use of capital.
ppvn
26/4/2019
09:57
Two words. City Financial
gotabsirius
26/4/2019
09:53
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
09:48
tightfist - At last, same here
loganair
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