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
  +3.00p +5.08% 62.00p 60.00p 64.00p 62.50p 59.00p 59.00p 292,722 10:09:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 33.9 -3.8 -8.8 - 37

Serabi Gold Share Discussion Threads

Showing 7351 to 7375 of 7925 messages
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DateSubjectAuthorDiscuss
29/4/2019
17:08
Totally agree; posts 2005/2006 spell out the uncertainties about funding the process plant & infrastructure at Coringa. I don't believe we currently know how much the refurbishment (augmentation?) of the Anfield plant is going to cost in Capex to become fully-functioning, at least until the PEA is published which is committed within the next 9 weeks."Cash is King" is a truism at SRB right now. Maybe they can raise more cash with further loans, convertibles, etc? Some sizeable BoD Buying would not go amiss either to inspire confidence. IMO I cannot foresee Fratelli or Greenstone accepting an equity fund-raise close to this bombed-out share price unless they are prepared to participate.Cheers, tightfist
tightfist
29/4/2019
16:32
The problem will come if they try and raise equity at these levels, due to the dreadful share price performance we will be overly diluted and a buy back will help support the share price if ever some chunky director buying was required it is now. One would hope if they do need to raise capital in the future they will not go down the equity pure again. That is the fear here.
gregpeck7
29/4/2019
16:21
Would have to be voted on my the share holders at either the AGM.
loganair
29/4/2019
16:18
I'm just wondering about the process for a company to buy back shares. Wouldn't SBI have to publicly announce their intent to buy back shares out of the public market? I personally have not seen a news wire announcing the share buy back activity.
sherry35
29/4/2019
13:38
I have just more than doubled my holding here. This is my third goldie and one for next year for me. Wouldn't like them to buy-in shares myself. Want them to sort out Coringa payment. I am happy to wait. Fully loaded now. (my two others are having great news but just waiting to move on.
ironstorm
29/4/2019
11:05
agree Logan. With under 60 mill shares and current position I think cash is king for the company to use to increase production and control and reduce costs of mining to increase margins. No value to anyone in share buyback IMHO. Perhaps when the overhang is complete we will see some stability and hopefully growth. I am new to this share having been on my watch list since last resource update when pricecin 40’s so dipped my toe in first thing this morning.
millwallfan
29/4/2019
10:07
Disagree completely - Small buyback, absolutely no way and a waste of any cash Serabi may have, better use to pay off their debt and or put into Coringa mine which has a good probability of producing 36,000oz to 40,000oz of gold per year with in the next couple of years.
loganair
29/4/2019
10:01
They were selling shares well before Friday. I've been picking up quite a few in recent weeks and the share price has been strange in that timeframe (I.e. where buys have been placed in the spread, availability of stock etc). Think it's worth serabi examining if a small buyback would be a good use of company funds. We know they have about $15mm cash on hand; if Anker are prepared to sell at 28p that's a better use of company capital than Coringa - so good opportunity for them.
ppvn
29/4/2019
09:51
200,000 shares bought on Friday with a further 100,000 today. As I posted on Friday it will most probably take until the end of trading on Wednesday for the Anker sell over hang to have been taken out of the market.
loganair
29/4/2019
09:48
So we have a overhang.
neo26
29/4/2019
09:37
So it seems it most probably was Anker Holding AG who was the seller rather than Garraway. 1.4% of Serabi, 825,000 shares was sold late last week and today announced Anker has gone from 4.3% to below 3.0% which suggests they are now holding 2.9% of Serabi. It also seems it is the small Private Retail Investor who has been picking up these shares rather than any Institutional Investor or Speculator.
loganair
29/4/2019
09:29
Holding RNS that's CK below 3%
laptop15
29/4/2019
08:55
So far all Buys today, 80,000 shares, it seems to me that the mopping up operation of the large Sell on Friday is still in full swing.
loganair
28/4/2019
16:57
Hi Loganair, I just hope you are correct and that Garraway (if that who is off-loading) don't know something about SRB we would rather they didn't know.......
tightfist
28/4/2019
14:56
Holding Serabi at the current share price of around 30p it seems to me will take another 3 days to clear the large Friday sell. If the EPS turnsout at 15p per share for the year ending 2021, then currently the Private Retail Investor is able to pick up Serabi shares at just 2 x 2021 profits which represents excellent value for the Private Retail Investor.
loganair
28/4/2019
14:31
When up and running Coringa is supposed to have an AISC of under $800 per oz. And also for the year ending 2019, Serabi is forecast to be EPS positive and over 12p per share year ending 2020 and 15p per share year ending 2021.
loganair
28/4/2019
14:10
Coringa came with a 750 tonne per day plant , which is currently being refurbished ahead of the hoped for construction permit . At ore grades of 8 g/t , this means there should be substantial under-utilised capacity at 36000 oz pa of gold production . Mike Hodgson did mention a level of 40000 oz pa output for Coringa in his PDAC presentation at AISC of US$786 , but , even at this level of gold production , unless they truck ore over from Palito / Sao Chico , there would still appear to be room for this to grow to maybe 50000 oz pa without straining the plant ? We may well be in the grips of a forced seller , but we are still expecting some good near-term news flow any day now - the Q1 financials , the PEA on Coringa , and soil sampling results of the Cinderella prospect at Sao Chico , plus , hopefully , a new blue chip institutional shareholder . If you have a spare 22 minutes , this might cheer everyone up as well . It is Andrew Maguire's latest diagnosis of gold prices , and , although it is incredibly technical , it concludes that the tea leaves are aligned for a major move upwards - https://kingworldnews.com/andrew-maguire-4-27-2019/
bomber13
28/4/2019
13:47
Hi Loganair,Thanks, the same slide suggests 30-40kpa for five years so no problem there. It finalises to say there is "significant upside to improve the 2017 BFS conclusions and realise Coringa's full potential". Presumably that includes reducing the $27m (presumably post-acquisition) Capex bill.Three years down the road I agree that $27m looks modest ($150 per Coringa Oz over 5 years) but, being realistic, this weekend SRB only have a suppressed MC of $22m.I expect we have all been involved with investments where cash is needed in short-order to realise strategic plans, meanwhile the equity valuation is flat on it's back. I certainly have been and they all had one thing in common - minimal BoD (and particularly executive) skin-in-the-game........ Hopefully MH & CL have a well-endowed rabbit up their sleeves!Cheers, tightfist
tightfist
28/4/2019
12:33
I recall reading somewhere, when Coringa is fully up and running it can produce 36,000oz of gold per year which makes $27m capex seem like nothing in the scheme of things for Serabi.
loganair
28/4/2019
09:53
Hi PPVN,In the weekend calm after last week's goings-on..... I remain curious about SRB projected cashflow until 100kpa is achieved..Reviewing the PDAC March presentation, on page 10 it notes that in the 2017 Anfield BFS an estimated ~$27m Capex was required for Coringa. Do we have any info anywhere on how much of this was possibly already spent on plant by Anfield and already acquired by SRB, as opposed to fresh spend required and to be quantified in the anticipated Q2 PEA?.Thanks, tightfist
tightfist
27/4/2019
15:23
Absolutely ridiculous at this level. If they get to 100k oz in 2021 and that is entirely feasible, it should be in the couple of pounds mark. Just slightly annoyed I've been buying much higher than the price today!
ppvn
27/4/2019
12:48
https://simplywall.st/stocks/gb/materials/aim-srb/serabi-gold-shares/news/top-undervalued-stocks-this-week-10/An article from last year, just goes to show you how undervalued this little miner is compared to its peers
laptop15
27/4/2019
12:45
Gold (measured in dollar terms) has had a rough couple of weeks. That’s what a combined dose of “risk-on”; psychology plus a stronger dollar will do to gold.
loganair
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
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