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
  -0.50p -0.58% 85.50p 83.00p 88.00p 86.00p 85.50p 86.00p 86,931 11:12:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 33.9 -3.8 -8.8 - 50

Serabi Gold Share Discussion Threads

Showing 7326 to 7350 of 9775 messages
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DateSubjectAuthorDiscuss
26/4/2019
21:28
That's not how these institutions work. That would spook the market if people presumed they had over 3% left. The biggest offload is normally the last one in my experience
gotabsirius
26/4/2019
21:10
If it is Garraway selling, then just another 2,125,000 shares to go.
loganair
26/4/2019
20:01
I'd imagine CF had been offloading for quite some time given the share price movement over past few months....
gotabsirius
26/4/2019
19:50
Hi,But.... there are slightly less than 200,000 buys (recorded by ADVFN) today so who is left holding 75% of the baby!? Or are there more delayed trades yet to come..... Or are they traded on another exchange?Not to mention the other 3.5% still with Gallaway (assuming that's where the 825k Sell came from).Cheers, tightfist
tightfist
26/4/2019
19:20
Near end of day Sell 825,000 shares for £231,000. Hopefully what has happened is that no book maker was willing to buy such a large amount at 38p, so the price had to be brought down to 28p to sell such a large amount of shares in such an illiquid stock. If this is the case, then its been good for the Retial Private Investor has let them buy shares at such a low price.
loganair
26/4/2019
19:19
Possibly yes, but there may be more where that came from.......
tightfist
26/4/2019
18:56
Chart looks good for a bounce too
laptop15
26/4/2019
18:55
https://twitter.com/laptop1515/status/1121738528491225088?s=19
laptop15
26/4/2019
17:50
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
17:47
Note the delayed print!!!
gotabsirius
26/4/2019
15:51
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
15:30
Or the company could buy back the shares.
cotton4
26/4/2019
15:28
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
15:18
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
14:51
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
14:37
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
13:52
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
13:39
The broker target increase is interesting too, 140p now
laptop15
26/4/2019
12:12
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
12:07
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
12:01
The price of gold is remaining pretty steady, local currency is in their favour and increase in production of gold?????
loganair
26/4/2019
11:57
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
11:51
Crazy the way the mms are dropping the share price on no volume and mainly buys
laptop15
26/4/2019
11:15
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
11:11
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
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