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 7451 to 7475 of 7925 messages
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DateSubjectAuthorDiscuss
31/5/2019
10:53
Well someone has transacted but it was a sell! There have been a few of them back up above 30p. I wonder if it is garraway as its fairly constant. Not all bad though; gold seems to be getting over its recent stumble and with luck will have another run at the $1350 mark. Can't say the pressure is off Serabi, but the fact the scrubber seems to have got their costs a bit under control means they aren't up against a wall at least. Patience patience, as usual!
ppvn
31/5/2019
07:20
Nice to see Serabi are receiving questionnaires about their tailings facilities; at least investors haven't completely forgotten about them! They seem to be ahead of the curve in this respect having modified the mining application for Coringa to be dry stacked back in Jan. Can't personally see it moving the needle but you never know, someone might transact the shares today!
ppvn
27/5/2019
18:47
I was wondering if people have reviewed the Q1 2019 gold demand bar chart "Central banks drive global growth with Q1 net purchases hitting six-year high" on this WEB site. If you scroll down to the bar graph on the left hand side, you'll note a dramatic increase in gold purchases in 2018. Now map that that to a 2018 daily chart of gold spot price. Gold was taken down last year during Q2 and Q3. hxxps://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-q1-2019
sherry35
27/5/2019
09:30
I am not so sure about that 1980s Gold went far higher when monetary policy got very tight. I can see it spiking given the political turmoil.
suncanaria
25/5/2019
19:20
Gold (measured in dollar terms) had a very mixed week. On the one hand investors are worried, which makes gold more appealing. On the other, they are concerned that the Fed hasn’t yet “got it” about easing monetary policy, and tighter monetary policy is bad news for gold.
loganair
22/5/2019
17:12
I think coringa payment is a total red herring - there is cash in the bank and growing profits and a pe of less than 4 if u extrapolate from 1st quarter earnings report - profitable companies use debt if necessary not dilution - market prices this as a small explortaion company in africa when in reality it is a highly profitable company in a stable jusrisdiction in a commodity that may explode short term... the rough comparison against peers is that this should be between 70 and 80p with well over a £1 on fundamentals going forward... the company is currently in discussions to improve the share register significantly - I think I'm right - but does the market??
pakenham
22/5/2019
08:23
Agree with all of you! I am not concerned about the final Coringa payment but I am still thoughtful about the impending PEA and the total cost of getting Coringa to commercial production and reaching 100kpa overall. Maybe spend on the acquired Anfield plant will be minimal - maybe not. And it maybe not optimal-for-purpose; SRB have/will move forward in sustaining higher mill grades from narrow veins.
tightfist
21/5/2019
21:22
Agree with both of the above, in particular the coringa final payment being the sticking point currently. I'm not overly concerned due to the fact the long awaited cost reductions seem to finally be coming to fruition, and they have a pretty healthy cash balance at the moment. Couple that with the fact that they've been able to access debt in the past and successfully manage repayments gives me a bit of (perhaps optimistic?) comfort that shareholders shouldn't be damaged by the final payment. I think also that the remaining balance has put some people off so the historic low liquidity has dropped further - then Anker disposing of shares dropped the share price by 50%. Finally I guess that Garraway will begin selling again in the 40-50p range? They don't appear to be sticky holders and having presumably bought City Financial out at a discount may just be looking for a quick(ish) buck. But yes, my personal view is that Serabi are in their present guise worth at least 3x the current SP, and if Cindarella or the other anomalies turn up some surprises could be significantly more. In the coming two years that could increase much further - if they get a couple of million oz in resources proved up and get near to 100k production per year it'll be a different prospect altogether. I'm not convinced they will look to pay any sort of dividends in the coming years since they seem to be building a portfolio of mines in the area, but they obviously seem to think there is a major discovery yet to be found. I'm happy with that potential.
ppvn
21/5/2019
19:26
I think you are making some fair points. As it will is SRB is an anomaly. I think it’s Coringa hanging over the price at the moment. Once that starts to move your £1 should be history.
ironstorm
21/5/2019
18:49
I've ben watching this for five years - I used to think it was a good buy at well over 100p equivalent - very little has changed since then and I have finally bought some in low 30s. Currently on a run rate basis fro 1st quarterlies it seems to be operating on a pe of not much more than 3. It has great upside if gold does move north. LOM seems very long too unlike some goldies. Over the next weeks and months production should increase too with better grades. The forward plan is to more than double production. Currency improvement too and stable jurisdiction - I would like to see the company do more pr to explain how undervalued this is - something I understand they are doing and hope to expand the share register significantly. I think this should currently be trading at between 70 and 8op on the profits it is currently making which gives it a pe of considerably less than 10. With expansion planned my longer targets are well above £1. Any thoughts?
pakenham
21/5/2019
15:13
Hi, Something I hadn't discovered last week but have just had a good read through is the comprehensive management discussion that was published last week. It contains far more detail than the RNS and is a good read though at 43 pages it may not be for the easily bored! Ore sorter is in the country, interesting points to note re. the Coringa final payment, Cindarella progress, etc. It also talks about the difference between Palito and Sao Chico ore; they may be able to upgrade the ore sorter in time to colour scanning which would enable them to sort the Sao Chico ore too. I found it interesting and very positive, despite the share price hTTps://www.serabigold.com/investor-centre/interim-financial-reports-mda/
ppvn
21/5/2019
08:50
KAV Some nice words in the morning note from the highly respected mining analyst John Meyer at share price Angel ref: LSE:KAV / www.kavangoresources.com /Tw*tt*r = #KAV Kavango Resources (KAV LN) 3.6p, Mkt Cap £5.7m – Laws of probability to be rewritten after Kavango strikes mineralisation in first and second drill holes under Karoo sand in Botswana Kavango, which is exploring for a large-scale bushveld igneous-type mineralisation reports results from a second drill hole in Botswana. The team which are highly experienced in the geology of the region have used geophysical data and remote sensing to establish drilling locations. Remarkably, the first drill hole hit mineralisation under the sandy Karoo sediments Even more remarkably the second drill hole is reported to have also hit mineralisation including copper in chalcopyrite with a 1.5% XRF gun reading. X-Ray Frequency gun readings are not considered to be reliable due to their potential for miss-reporting but we do place some value on the readings when in the honorable hands of Messrs. Foster and Moles. The first drill hole hit a 200m zone of intensely altered rock with indicative cobalt values of up to 0.9%, averaging 0.2% cobalt and >70m of elevated copper, zinc, lead and nickel values. Conclusion: Kavango is worth watching and we await results from drill core assays. While we never doubted the skill of the geological team we are surprised and impressed to see two sets of mineralised results in so short a time frame. Well done team!
cpap man
20/5/2019
21:41
Hi Sherry,I (and the Greenstone director?) would be looking for any new Options to be priced at 72p plus, possibly with additional performance conditions attached. IMO we have to focus the ED's on share price delivery, not a gravy-train.Cheers, tightfist
tightfist
18/5/2019
02:24
A bunch of executive stock options expired today. Perhaps its time to issue some new options. Do you think the share price is low enough for the strike price? Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction Volume or Value Price May 17/19 May 15/19 Williams, Melvyn Direct Ownership Options 52 - Expiration of options -65,000 May 17/19 May 15/19 Swett, Felipe Direct Ownership Options 52 - Expiration of options -50,000 May 17/19 May 15/19 Rosselot, Juan Eduardo Direct Ownership Options [Amended Filing] 52 - Expiration of options -50,000 May 17/19 May 15/19 Line, Clive Malcolm Direct Ownership Options [Amended Filing] 52 - Expiration of options -150,000 May 17/19 May 15/19 Hodgson, Michael Jonathan Direct Ownership Options [Amended Filing] 52 - Expiration of options -200,000 May 17/19 May 15/19 Harvey, T. Sean Direct Ownership Options 52 - Expiration of options -80,000 May 17/19 May 15/19 Banados Lyon, Nicolas Ramon Direct Ownership Options 52 - Expiration of options -50,000 May 17/19 May 15/19 Alegria Olate, Hector Aquiles Direct Ownership Options [Amended Filing] 52 - Expiration of options -50,000
sherry35
17/5/2019
23:32
The market cap is wrong here everyone else is reporting 18.77 these seem cheap
smoothtosmooth
17/5/2019
15:34
And some are using a Core and Satellite approach.....
tightfist
17/5/2019
09:45
Traders are Buying and Selling to make pennies while Investors are Buying to Hold for major gains in the medium term.
loganair
17/5/2019
09:31
Who the hell is selling this at a market cap below £20 mil?! Have they not read the Q1 update on Monday?! Re: gold - The trade war is getting ratcheted up, soon past the point of no return. War is close to breaking out in Middle East. Could go on a good run from here.
king_baller
17/5/2019
09:10
One reason I like the Russian gold miners is as soon as they're become profitable they start paying a dividend, often 50% of profits.
loganair
16/5/2019
22:48
I hadn't foreseen a dividend in the next few years. Maybe I am prejudiced by other micro-goldies behaviour but MH seems to have lots of ideas on how to spend our cash on exploration and expansion (and acquisitions?) at reasonable RoI's - and remember that the two executives have negligible shareholding's.....
tightfist
16/5/2019
22:28
I think in the medium term, anyone who paid less then 50p per share will do well and make a good profit with their investment in Serabi. I'm also hoping in 2021 when Serabi are forecast to have an eps of 15.07p they'll start paying a dividend.
loganair
16/5/2019
22:05
Hi PPVN,Your recollection re Tailings stockpile is the same as mine - but if it generates cash in 2019, it's all grist to the mill!The ore sorter should be sustainable over the years; I heard that whilst the Palito ore is sortable the Sao Chico ore is x-Ray optically different and may not be so amenable to sorting?Investors who pay extra for Level 2 access can see who leading the Bid and the Offer on AIM so you get an insight to who is willing to do the deal. Maybe another poster can shed some further light - I think that there is possibly another UK market (NEX?) SRB is sometimes traded on? Thought: I don't know if this gives any clues to the overhang shares activity? On top of this there is some delayed reporting today where it looks like someone made a killing on the spread.Cheers, tightfist
tightfist
16/5/2019
19:31
Hi Sherry, We don't really get that degree of clarity this side I don't think (or that I'm aware of!). Usually with these juniors its houses like peel, winterflood etc though to the best of my knowledge. One last thing; "paid a bit high?!" Oof if only!
ppvn
16/5/2019
15:48
Hi PPVN - Indeed your side of the pond got a nice bounce. Is there any particular MM or trading house stand out over the past two days of trading? Any of them that deal with investment inst. such as Sprott Asset Mgmt or JP Morgan (da boyz manipulation club member)?
sherry35
16/5/2019
15:48
I have also bought in today. Maybe paid a bit high but agree this is very undervalued gold play. Should easily get back over year high of 60p plus
guyswonga74
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