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 7426 to 7450 of 7925 messages
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DateSubjectAuthorDiscuss
16/5/2019
14:54
I’ve opened up a position here this afternoon. By far the most undervalued gold miner I have come across. The upside is huge.
king_baller
16/5/2019
09:30
Hi Tightfist, Yes, that's my understanding too. I believe the tailings pile (and this is just from memory) was 40k tonnes at a grade of c. 3g/t. My understanding was that the pile would be around a years worth of supply. So it looks to me like the pile is around 1 years worth, or just enough to supply until the ore sorter is live. Hi Sherry, I was rather hoping you'd see a bounce on your side of the pond too but I guess you didn't fall quite as dramatically as us in the first place. Looking solid again today here though so fingers crossed for you! Wrt the resource base, I think that's really important but it is difficult to get a huge mine life in hard rock. They seem to be doing well with it though. If they can prove up a load of veins then that's great as when they get to 100k or so, if they have a couple of million oz proved up they start being a much more attractive proposition from a balance sheet (potential acquisition?) perspective.
ppvn
16/5/2019
07:16
Hi PPVN, if I understand correctly, the scrubber is life-limited by depletion of the tailings stockpile as opposed to the ore-sorter which is of (to be proven) ongoing value to the Palito operation. How many ounces are still held within the Tailings?Good to see positive progress and volume on the share price front! tightfist
tightfist
15/5/2019
19:25
PPVN - All positive progress made by SBI executive team with more production costs reductions to come . I like your statement "ounces in the ground being proved up". SBI's book value will be based on the resource calculation and the operations. They need to prove up to 2M to 3M ounces.
sherry35
15/5/2019
13:59
Thanks Loganair, decent numbers. Exploration upside, ounces in the ground being proved up. Definitely bullish here even if some large holders have been selling.
ppvn
15/5/2019
13:52
A year ago Serabi said they're hoping to get the AISC down to $1,000 with in a year and further down to $950 per oz a year later. Forecast eps for year ending: 2019 - 04.29p 2020 - 11.25p 2021 - 15.07p
loganair
15/5/2019
13:40
I'm personally just relieved that the scrubber is finally delivering results to the bottom line. If they can get the aisc to below $1k (which if the full benefit will be realised in q2 it should be?), then the forecast eps here for 2019 of over 6c looks very achievable. Then 2020 its 16.7c. Again, if that's due to the increased production and lessened costs that the ore sorter should bring then no problem at all and the graph should start pointing upwards. It's been an uncomfortable ride downwards for too long!
ppvn
15/5/2019
13:15
Great results here. Well placed for a rising gold price too. Last purchase now in profit
ironstorm
15/5/2019
12:03
There seems to me plenty of Retail Buying of Serabi shares today.
loganair
15/5/2019
11:33
https://twitter.com/laptop1515/status/1128609104870739969?s=19
laptop15
15/5/2019
11:21
Hoping that rather than breakout that the drop from 40/50 was a function of Anker/Garraway disposing of shares in an illiquid market. The scrubber should produce these lower costs on a continuing basis, and the ore sorter should help increase grading through the plant to get them to the 55k+ oz next year, and that should be at a lower aisc due to the fact it's more gold for the same volume. 2021 will see Coringa producing c.30k oz in addition so in my view there is a very credible path to a cheaper production of far more gold. I'm very dissatisfied by the return (negative) this far, but it does seem a function of the market at this point rather than Serabi's progress. And then of course there is the ever intriguing Cindarella.
ppvn
15/5/2019
10:11
Breakout might be coming with all the buying presure
laptop15
15/5/2019
09:41
Agreed Logan, that's a 10% reduction in costs on the AISC year on year for Q1. As you say its straight to the bottom line profit and a big factor in showing a net profit of $1.5 million. Serabi are in a strong position now and I guess the scrubber is helping cut the costs, ore sorter will help also when that starts in H2. This is possibly the cheapest mcap wise producing gold miner on the market imo.
laptop15
15/5/2019
09:17
The most important part of the trading statement to me is.... "Most pleasing, however, is to see a reduction in the unit costs of production, with a reported AISC of US$1,021 compared with US$1,166 for the same quarter in 2018 and an average AISC for the 2018 calendar year of US$1,093. Serabi AISC is slowly reducing to the $1,000 per oz as promised they would do so this time last year. The fall from $1,166 to $1,021 means an extra $1.16mln straight to the bottom line as profit.
loganair
15/5/2019
08:51
Decent set of results and despite the coringa balance, with a market cap of just over £15m it does reinforce my personal view this share is silly cheap. The Sprott loan now in May should stand at $4.8mm remaining to pay. They had an $8mm facility which they have upped and downed in years prior; with three mines (granted Coringa won't be producing at time of balance being paid) I'd hope they have a few different avenues of finance to tap. The price of gold received from sale also fell slightly, despite this they managed some respectable numbers. With the exploration side due an update in the form of soil geochemistry at the Cindarella anytime I'd rather hope that the bottom has now been plumbed. Certainly gives a bit of confidence in the scrubber; Clive said that it's full impact would be felt in Q2 so with luck it'll continue to have a positive effect on the numbers. And then the ore sorter should go online in H2 at some point so that should then take up the slack on the improvement front. Despite Anker having sold and the really catastrophic effect that had on the SP, things do look operationally better than ever here. And we are at all time lows. Oh well!
ppvn
15/5/2019
08:14
Hi, I hadn't foreseen a cash issue with meeting the acquisition final payment, I am more thoughtful about the other Capex requirements that may be required to take Coringa into full production, pending the PEA publication.IMO this morning's Q1 results are really encouraging with the combined effect of more production, higher grade, weak BRL and substantially fixed costs indicating what is possible.Maybe Coringa can now be fully financed slightly more slowly but organically through internal cash flow? That would make the current share price look IMO like a real bargain. I wonder what our overhang seller will do.....Cheers, tightfist
tightfist
15/5/2019
08:11
Results look decent , Im in smalls for a flutter ....
catsick
15/5/2019
07:36
Fair/good results. My only concern is the $11m acquisition payment in the current 12 months. Will there be a small placing ($5m say)to help pay the $11m?
sleveen
15/5/2019
07:28
https://twitter.com/laptop1515/status/1128547264161636354?s=19
laptop15
15/5/2019
07:15
Great set of results guys, nice reduction in costs and big increase from 2018 Q1. Aisc is has reduced considerably and a 1.5 million net profit is pretty good.
laptop15
15/5/2019
07:13
1st Quarter Results #SRB https://www.voxmarkets.co.uk/rns/announcement/92a95797-606c-4ed5-b1e6-f2c7b70eb4a8 #voxmarkets
laptop15
13/5/2019
16:12
Hoping the q1 results show a very nice EPS to get us moving back up. Guessing Weds for those.
ppvn
13/5/2019
13:31
Looks like we might see another rally in gold soon as the trade deal worries the markets. Good for serabi gold. Back over 1300 should see the share price rally imo
laptop15
11/5/2019
10:41
The Coringa PEA should show big improvements on the original assumptions , which 18 months ago were 32/- oz pa of production for 6 years , AISC of US$783 per oz , and a post-tax IRR of 31% . And better project economics will allow Serabi greater flexibility in funding the mine , if need be . Next week , we will hopefully be told that Palito/Sao Chico had an excellent quarter one , that the tailings scrubber is working perfectly , and that the ore sorter is bang on schedule for installation H2 . Perhaps we may also be told that we have some significant sampling results from Cinderella . Perhaps the directors might even buy stock in the market ? The Brazilian Real is hovering near its all-time low against the US dollar , central banks are buying gold in historic quantities , and the China/USA trade spat has the ability to ease Federal Reserve monetary policy rather sooner than expected . The sellers of Serabi will be taken care of one way or the other .
bomber13
11/5/2019
08:39
PS: We are now down to 33% of the share price Greenstone came in at only 12 months ago. This is pretty shocking - IMO execution has been generally good - two tragic deaths and some mining plant unreliability/poor Q production but exploration has been better than expected by me.Looks to me as though yesterday's deals were nearly all buys working our way steadily through the overhang created by a determined, cash-hungry ii seller. Any trading or dummy news anyone?Cheers again, tightfist
tightfist
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