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
  +0.00p +0.00% 86.50p 85.00p 88.00p 86.50p 86.50p 86.50p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 33.9 -3.8 -8.8 - 51

Serabi Gold Share Discussion Threads

Showing 7401 to 7425 of 9725 messages
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DateSubjectAuthorDiscuss
05/5/2019
20:50
Hi tightfist, Yes that is a good question re. the capex on bringing Coringa to production. I wonder if the PEA will shed anymore light on just what Anfield had already bought; I do believe they have some equipment but it would be good to get more clarity on just what will need to be spent. I really honestly don't know what to think about the state of their finances because the $12m final payment for Coringa could be met by a combination of debt and existing funds, but as you say I don't know what further capex is required. They should be able to increase and extend the Sprott facility (though it kind of pains me to say it!) as they have done previously; that could give c. $5m additional and with luck they could have anywhere up to about $16-$18mm cash on hand by September? I guess that's pretty blue sky though as they will incur spend on exploration etc though that does seem to be being managed ok to my relatively untrained eye. We should get a glimpse of what their plans are before q3. They've been pretty open with what they need in prior announcements? Hopefully greenstone will put up a robust defence of existing holders in the board meetings!
ppvn
05/5/2019
18:50
Hi PPVN,Agreed, lots of potential and operating cashflow seems solid - Capex cashflow to achieve Coringa commercial production is the dark cloud in the sky, as far as I am concerned, and I am impatient to see the cash demands of the PEA and accessible approach to funding. Or is it to be a slow organic expansion?.Unless all the large ii's are on-board the dilution of a significant placing seems IMO untenable. If they are then maybe we will also see a subscription offer to placate PI's too? That way the placing price would become less of an issue?.Any Thoughts? tightfist
tightfist
05/5/2019
08:05
Morning chaps, Sherry; thanks for those coordinates, not a lot there at the moment is there really! Obviously a bit of forest clearance but I'm not seeing the mine equipment etc that have been shown in other presentations so I guess that perhaps Google hasn't had a satellite pass over in a while! SP most definitely underwhelming at the moment, and that's putting it very mildly! Rightly or not, I'm viewing it as a by-product of the illiquid share structure rather than an inherent weakness in the company. This is mainly due to the fact that they should be really rather cash positive, particularly in q1. They should be making a multimillion quarter with costs down and profit significantly up - if they aren't I'll start being a little more concerned. I think Anker have probably nearly got rid of more than half of their holding from looking at the volume, and don't know what Garraways plans are though I'd guess they are waiting for a higher share price - they appear to have stopped selling after 16th April. I'm still excited about the results for the cindarella zone which should be filtering in relatively soon (they completed soil geochemistry a while back), the impact of the scrubber (admittedly Clive put a bit of a damper on this when he said "the full benefits should become clear in q2..."), as well as the final arrival of the long announced ore sorter in H2. Coringa PEA we broadly know is going to be in line with the previous Anfield one, perhaps slightly better due to the increased and larger resource, but they are definitely well on their way to their even longer announced 100k / pa. Given that they already operate profitably (this should reflect in q1), I'm hopeful the share price will follow. The Coringa final payment is due in q3 - by September their total outstanding loans should total c.$3.3mm so with their current cash of c.$15mm I would hope they can do something toward avoiding significant dilution at these levels to existing holders. At this price, the share price consists almost entirely of their cash so I'm hopeful there can't be much further to drop. Only my investment rationale! And definitely got fingers crossed!!
ppvn
05/5/2019
05:49
tightfist - There is a AGM coming up soon. Perhaps the institutions have formulated the same opinions of the mgmt team.
sherry35
04/5/2019
21:17
Hi Sherry; agreed, but it's not only the impact on promotion of the company but, for me, it's (implied lack of) belief in the direction/decisions that are supposed to be driving shareholder value. If I was Greenstone having paid 72p twelve months ago, I would be totally underwhelmed.Cheers, tightfist
tightfist
04/5/2019
19:32
Coringa Mining Permit geographical coordinates: -7.594228, -55.100989
sherry35
04/5/2019
17:57
tightfist - It's not very compelling promotion of the SBI when the two primary officers own 60,000 shares out of a O/S 58,900,000 shares. There are retail investors that have bigger positions than the two combind. I've never seen any insider acquisitions out of the public market by any of these folks over the past 5 years in holding this stock.
sherry35
03/5/2019
20:51
I note that Christopher Kingsman (Anker Holding AG principal) has today announced an increase in his holding in Adept Technology (ADT).
tightfist
03/5/2019
20:31
Thanks Loganair; I think we also need to remember that the two executive directors (MH, CL) only hold about 0.1% between them - see page 73 of the Annual Report. And it was unchanged throughout 2018....... Banados holds the vast majority of the BoD holding.
tightfist
03/5/2019
20:12
Major Shareholders as at 03rd May: Fratelli Investments Limited.........32.8% Greenstone Resource..................25.3% River & Mercantile Asset Management..10.5% Garraway Capital Management...........4.8% Drake PIPE Fund.......................3.9% Eldorado Gold Corporation.............2.9% Directors (excluding Fratelli)........2.1%
loganair
03/5/2019
20:04
SBI filed a "Early Warning Report", on May 3rd in SEDAR, announcing "River and Mercantile" has become a 10% holder of the O/S share count. Though the filing isn't specific on the nature of the share increase from 9.72% to 10.50%, the shares were most likely acquired out the public LSE/AIM market. hxxp://cloud.stockwatch.com/News/Sedardoc.pdf?docid=4303493
sherry35
02/5/2019
15:05
tightfist - Thank you for the citywire news release. At least for now Garraway hasn't sold any shares. What I find interesting is SBI started trading lower after the City to Garraway transfer was complete on March 26.
sherry35
02/5/2019
14:49
Serabi seems to have settled back down, after a few days of many, many trades per day to just one or two.
loganair
02/5/2019
08:36
Anker Holdings AG is owned by one Christopher Kingsman, somehow a familiar name. He was appointed an NED of Adept Technology on 8th November 2017 having been a major long-term and increasing investor in ADT. Importantly I note that CK was also a past director of Serabi Gold......CK's LinkedInn profile is values-based and ADT is a long term, successful and acquisitive AIM IT outfit (which I hold). IMO this maybe suggests that Anker are not likely to be pursuing an exit plan?
tightfist
02/5/2019
08:06
Hi Sherry,City Financial went into administration in March, here is the 26 March announcement of the new role of Garraway:.hXXps://citywire.co.uk/wealth-manager/news/boutiques-big-plans-for-250m-city-financial-transfer/a1214449.Hope that helps understand the UK jigsaw! tightfist
tightfist
02/5/2019
03:11
Hi PPVN, I just spent a few minutes studying the two TR-1 reports both news released on March 28th 2019 noting the threshold crossing dates differ by one day.. Taking some data entry errors into account such as typos or miss understanding of data integrity constraint of a field in the form, I'm left with the impression that "City Financial Investment Company Limited" sold its "5.00%" (2,947,500 shares) to "GARRAWAY CAPITAL MANAGEMENT LLP" which now holds "5.02%". https://web.tmxmoney.com/article.php?newsid=4972553748067356&qm_symbol=SBI https://web.tmxmoney.com/article.php?newsid=6184194847426393&qm_symbol=SBI I've seen similar data entry issues with insider filings in Canada. My favorite is the missing strike price on the stock options. To conclude, I believe this was a institutional transfer of shares from City Fin. to Garraway on March 25th/26th. The one day differential could be attributed to the nature of private transaction outside the public market. It probably involved different brokerage houses to transfer the shares thus adding to the one day. Have you contacted Clive on this matter? The executive team should be fully aware of this given the news releases.
sherry35
01/5/2019
22:08
Hi PPVN,I am not sure either...... However (although I may be over-thinking this) the date of the 16th is "the date the threshold was crossed" (which I take to mean 5.00% was crossed) NOT the date when Garraway reached 4.86%.Anyway, selling by Garraway and Anker Holdings encircles us and is currently of a larger scale than R&M buying. That much we do know!Cheers, tightfist
tightfist
01/5/2019
19:29
Hi tightfist, I'm not really sure of anything at the moment I'm afraid! I just thought since they filed their RNS yesterday and reached their current 4.86% holding on the 16th April that would mean they haven't sold any between that date and yesterday - which to me at least could indicate that they were pausing sales below around 37-40p. At that time the spread was ridiculously wide (don't ask me how I remember it's a sore subject) 37/45p; I figure perhaps because their sale order could have been placed around 40p. They don't appear to have sold any since though from what I can guess at though so maybe Anker just figured to sell first. I suppose we will never know. Bloody cheap here though I still think. And yes, commercial production (if they can't fund via loans or other non-dilutive means) could be on the cards! Wouldn't be the worst thing at this price though!
ppvn
01/5/2019
19:14
Hi PPVN,Are you sure Garraway are not still disposing of stock? In post 2043 I suggested that only whole numbers have to be declared which means that Garraway would be able to sell 0.86% (500,000) shares and then, on top, there is the timing delay aspect as well - I guess the clock would have started again this morning.The bottom line is that somethings are going on in the background! Another unlikely twist could be a buy-back into treasury then selling to an ii at a higher price later in the year..... are there any warrants/convertibles that need to be filled imminently?Unless a rabbit emerges I can foresee Coringa commercial production being delayed and funded organically and more slowly by Palito and Sao Chico operational cash generation.
tightfist
01/5/2019
18:47
Well I don't know what is going on but it certainly is a bit terrifying. Something Lessentin pointed out though; Garraway sold their small position on 16th April and haven't subsequently disposed of any. Could it be possible that Anker got wind that their shareholding was out for sale and decided to just dump their stock? If Garraway reached the position on 16th April and haven't sold any since that would appear they had a reasonable sale in the market that they have pulled for the time being. Maybe Anker had been looking to exit and just thought getting rid would go quicker. Either way, I suspect tomorrow may be another red day. Many more buys than sells and yet no large prints appear... they aren't done yet by the look of things.
ppvn
01/5/2019
18:47
One more prediction based on crashing the share price Stock options to be issued between now and end of June. That's the only insider trades that I'll see filed in Canada.
sherry35
01/5/2019
18:03
As of 12:45 PM EST, there are 3 orders on the BID of which one is mine at 50 cents. The share price was walked down as shares were sold into cascading BID orders. The 57, 55 and 53 cent trades weren't on the BID at 11:00 AM EST. The 3+ month 15000 share BID order got taken out today. This type of bi-directional ratcheting burst trading behaviour has been going on for 4 or 5 months. It's good sign should gold move north and the institutions hit the BUY button. 2nd last column is Buyer, last column is seller. House 1 is anonymous which means it can be any brokerage house. May 01 11:38:08 AM 0.51 7500 7 1 May 01 11:38:08 AM 0.51 500 7 1 May 01 11:38:08 AM 0.51 500 7 1 May 01 11:38:08 AM 0.51 500 7 1 May 01 11:38:07 AM 0.51 500 7 1 May 01 11:38:07 AM 0.51 500 7 1 May 01 11:38:07 AM 0.51 500 7 1 May 01 11:38:07 AM 0.51 500 7 1 May 01 11:38:07 AM 0.51 500 7 1 May 01 11:38:07 AM 0.51 500 7 1 May 01 11:38:07 AM 0.51 500 7 1 May 01 11:38:07 AM 0.51 500 7 1 May 01 11:38:07 AM 0.51 500 7 1 May 01 11:38:07 AM 0.51 500 7 1 May 01 11:38:07 AM 0.51 500 7 1 May 01 11:38:07 AM 0.51 500 7 1 May 01 11:38:04 AM 0.53 500 1 1 May 01 11:38:01 AM 0.55 500 1 1 May 01 11:36:24 AM 0.57 500 1 1 May 01 11:36:20 AM 0.59 500 1 1 www.stockwatch.com is another great site for CDN market information. Here is a similar trade history to the one above. This site summarizes the trades across multiple CDN exchanges. Look at MND for an example. Familiarize yourself with various markers by looking at the legend. Interclient trades and crosses are flagged on the trade. Trades for C:SBI on 20190501 - 20 trades displayed Time ET Ex Price Change Volume Buyer Seller Markers 11:38:08 T 0.51 -0.10 7,500 7 TD Sec 1 Anonymous K 11:38:07 T 0.51 -0.10 500 7 TD Sec 1 Anonymous K 11:38:07 T 0.51 -0.10 500 7 TD Sec 1 Anonymous K 11:38:07 T 0.51 -0.10 500 7 TD Sec 1 Anonymous K 11:38:07 T 0.51 -0.10 500 7 TD Sec 1 Anonymous K 11:38:07 T 0.51 -0.10 500 7 TD Sec 1 Anonymous K 11:38:07 T 0.51 -0.10 500 7 TD Sec 1 Anonymous K 11:38:07 T 0.51 -0.10 500 7 TD Sec 1 Anonymous K 11:38:07 T 0.51 -0.10 500 7 TD Sec 1 Anonymous K 11:38:07 T 0.51 -0.10 500 7 TD Sec 1 Anonymous K 11:38:07 T 0.51 -0.10 500 7 TD Sec 1 Anonymous K 11:38:07 T 0.51 -0.10 500 7 TD Sec 1 Anonymous K 11:38:07 T 0.51 -0.10 500 7 TD Sec 1 Anonymous K 11:38:07 T 0.51 -0.10 500 7 TD Sec 1 Anonymous K 11:38:07 T 0.51 -0.10 500 7 TD Sec 1 Anonymous K 11:38:07 T 0.51 -0.10 500 7 TD Sec 1 Anonymous K 11:38:04 T 0.53 -0.08 500 1 Anonymous 1 Anonymous K 11:38:01 T 0.55 -0.06 500 1 Anonymous 1 Anonymous K 11:36:24 T 0.57 -0.04 500 1 Anonymous 1 Anonymous K 11:36:20 T 0.59 -0.02 500 1 Anonymous 1 Anonymous KL For a private placement to be approved, SBI needs to CONSISTENTLY trade for 10 days in well defined range. So, I don't foresee a placement announcement for at least another 10 to 15 trading days. TAG - the bot traders are it!!!
sherry35
01/5/2019
17:35
There one other reason for Anker to sell their shares. Their internal asset mgmt policies dictate position liquidations if the share price drops below a defined price in the policy. However, looking at the daily chart and the TP-1 filing, Anker started the move south thus fulfilling any breaches in their own asset mgmt. policies.
sherry35
01/5/2019
17:28
IronStorm - I agree with you on the priority of paying the Coringa obligation over share buybacks. The float is so tight that SBI would move the share price north very quickly. The regulators may not approve the buyback given the low liquidity of the stock. Anker Holdings AG exited their position because they are either frustrated with the wait on their investment, more dilution is coming due to placement or better opportunity has come along with a more immediate return. As for the former, I can't blame them if this is the case. The institutions are controlling close to 80% of the O/S shares. Prior to the Anker Holdngs AG dumping, none have bought shares out of the public market, even before the reverse split. This begs asking the questions: 1) is SBI's business plan a profitable one? (look at the ASIC) 2) lack of confidence in executive team? 3) gold spot price will tank over the next 3 to 5 years? 4) Brazil is a geo-polictically unstable environment? 5) poor currency exchange Throw in the positions of ELD and the non-responsive executive team (insiders), 85% of the shares are under full control in a low stock liquidity situation. Look at the trading behaviour over the past few weeks by the bots and timely placement of BID/ASK orders. It's all controlled. The only thing that appears not to be controlled is the Anker's dumping of shares into the market. Why wasn't this done as arranged block trade (shhhhhh!!!). Instead, they pound the BID down while the executive team looks the other way. So, for this stock to move north, it will require the institutions (includes ELD) and insiders to start buying out of the market -> hasn't happened in 5 years. The only other driver is a buyout offer from a major. So, the institutions aren't either finding the SBI story compelling enough to buy into the ASK or they want another round of cheap placement shares. Which is it?
sherry35
01/5/2019
16:06
well they need the money they have to develop Coringa thats why I don't like it. No point buying in the to go back out to the market for the required funds. Unless you could put them in Treasury and sell at a profit back to the market. But thats not what they do.
ironstorm
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