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 7501 to 7523 of 9775 messages
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DateSubjectAuthorDiscuss
07/6/2019
11:43
SRB are doing what Trans Siberian Gold (TSG) did about a month ago. A very undervalued gold miner that suddenly took off and doubled in price in just a week. By 2021 SRB will be in a position to start paying a dividend.
loganair
07/6/2019
11:04
Or it could be just a good old pump and dump
curlly
07/6/2019
11:02
We need to crunch the numbers for 100,000 ounces with gold in a 1350 to 1400 per ounce range.
gregpeck7
07/6/2019
11:00
Sell 10k at 51.5 buy 5k at 52.1. Just rang through and got a shock as was going to buy but not after 40% rise will sit and wait.
cinoib
07/6/2019
10:59
To be honest this has been brewing a while, steady production, improving gold price, Coringa online date getting closer. Where else can you get a 100,000 gold ounce production company with a mkt cap of 25m. This has been much higher in the past with much less done. Is Coringa pea in the post??
gregpeck7
07/6/2019
10:57
We never move like this is something up?
curlly
07/6/2019
10:55
Ill sell some of mine at 100p
gregpeck7
07/6/2019
10:44
Large buys showing up from earlier as sells... got to love the mm's
gregpeck7
07/6/2019
10:40
Looks like negotiated trade for more than about 5000.
gregpeck7
07/6/2019
10:34
No stock available at these prices. Gold is where you need to be at the moment.
gregpeck7
07/6/2019
10:31
This thing moves on nothing 25k shares and its up 10pct .....
catsick
07/6/2019
08:47
Gold price turning higher again...
gregpeck7
06/6/2019
15:31
Gold up another 7 USD currently. Comeon Serabi :-D
gregpeck7
06/6/2019
11:40
Money Week - What drives the gold price: Well, we might not get either of these. We might get a loose Fed and a plain old ropey economy, rather than the downright 2008-style relapse that lots of people still seem to expect. Let’s turn to my favourite yellow metal to think this through. Gold surged yesterday for a reason. People talk about gold being driven by “safe-haven221; demand, or geopolitical uncertainty, or general “inflationR21;. There’s an element of truth in all of those, but they’re also not very helpful. The thing that primarily drives gold is the direction of “real” interest rates – in other words, interest rates after you take account of inflation. If real rates are rising, gold hates it. If real rates are falling, gold loves it. So the following scenarios (falling real rates) are good for gold: 1. Falling interest rates and rising or static inflation. 2. Rates rising, but inflation rising faster. 3. Falling inflation, but with rates being cut even faster. And the opposite scenarios (rising real rates) are bad for gold: 1. Rising interest rates and falling or static inflation. 2. Rates rising more rapidly than inflation. 3. Rates falling but inflation falling faster. In other words, as long as the Fed is “behind the curve” in terms of tackling inflation, that’s good for gold. At the moment, it looks as though markets are starting to bet that we might see option one (falling rates and rising inflation) or option three (falling inflation but collapsing rates). In all, that makes sense to me – trade wars drive up costs. The whole point of globalisation is that it drives down costs by bringing a much greater supply of everything – from labour to resources to finished goods – into the global market. If you reverse that, then you lose the savings too. This is not necessarily all catastrophic, a shortage of cheap labour may encourage innovation and investment, which in turn could help to turn around our current problems with low productivity. But in the short term at least, this doesn’t point to a deflationary bust. Instead it smacks to me of stagflation, 1970s style. You end up with a Fed that’s paralysed because the economy is fragile, even although you have inflationary pressures building.
loganair
06/6/2019
11:27
GM Tightfist, The final payment for Coringa is a shade over $11mm, repayments to Sprott are c.$330k per month with them having fully paid off their loan by June 2020. The ore sorter has been paid for in full. I've been going over some figures and the ore sorter is expected to get them to between 55k and 60k oz of production next year with Coringa getting them up to c. 100k in 2021. The scrubber has already reduced costs by c. $80 / oz, and its full benefit is expected in the q2 accounts, according to Clive. It's fair to assume therefore that the ore sorter is expected to increase production around 20%, with minimal cost impact. So with luck that should get them to around $850 / oz AISC. On the conservative basis of 12,500 oz per quarter next year with a similarly conservative AISC around $900 say, at a POG of $1350 that would be $5.6mm profit per quarter in 2020. Will go a long way toward commissioning Coringa, and I personally think there is considerable room for upside to those numbers. Anyway, cashflow aside, things to look forward to in the future (in order of probable release?) - coringa PEA - coringa mining license - cindarella soil geochemistry results - q2 production numbers - cindarella drill program schedule Rather hoping for all of the above in the next two months.
ppvn
06/6/2019
10:55
Hi Ironstorm,IIRC a final $12m instalment for Coringa is due in November or December 2019. Last time I looked it seemed SRB was generating sufficient cash to meet this obligation, but that was without allowing for ongoing monthly instalments to pay-off the Sprott loan and any other obligations outstanding/imminent.It will be good to see the Coringa PEA and hopefully a complete plan/cash flow projection to see what/if needs further investment - with high confidence to reach 100k Oz in due course.Cheers, tightfist
tightfist
06/6/2019
08:06
L2 looking strong again. Nice buying continues... could see 50p very soon.
gregpeck7
06/6/2019
07:58
Gold moving higher again... I think the re rate is on here. Targeting 100,000 ounces a year. 20m mkt cap is ludicrous.
gregpeck7
06/6/2019
07:55
When is the final Coringa Payton due? Confirmation they are paying that from existing resources cannot be far away either. That should help too which I think has been a worry for some investors. Carries on like yesterday and I will be in profit. 🥳
ironstorm
05/6/2019
22:01
2019 - Increase gold production to 44,000oz by the introduction of a Scrubber which will enable the processing of historic tailings for residual gold. 2020 - The start up of Coringa in 2020 will increase production by an estimated 40,000oz per annum + Ore sorter at Palito which will improve efficiency, further increasing gold production to a total of 100,000oz per year Year ending 2020 forecast earnings per share 11.7p Year ending 2021 forecast earnings per share 15.4p Much of the Group’s expenditure is incurred in Brazilian Reais.
loganair
05/6/2019
21:47
80% of a miners costs are in local currency. Gold up by 60 Reais today. The price of gold in Brazilian reais is very near an all time high, which it reach only a few days ago.
loganair
05/6/2019
21:35
Gold up over $5 again...
gregpeck7
05/6/2019
16:08
Agree, gold price looking perky though, is it going to push to 1400? Because of the lack of liquidity here and the fundamental crazy low valuation. If this does start re rating we can see it's going to be quick. Hold.
gregpeck7
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