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 7576 to 7600 of 7925 messages
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DateSubjectAuthorDiscuss
13/6/2019
14:59
Anyone here going to agm tomorrow?
gregpeck7
13/6/2019
13:05
Hi tightfist, Yes there was an issue with the ore sorter and the sao chico ore. Its covered in the last management discussion (on their website, not RNS'd). Apparently they can sort the sao chico ore but the machine would need a colour scanner in order to do this. The plan would then be to run say 5 days palito ore then 2 days sao chico ore from the sound of it. The sorter is indeed post milling, so believe it reduces the amount of ground material going into the flotation tanks and then subsequently the cyanidation circuit. They can always hook a few extra ball mills up, dont think that would be an issue.
ppvn
13/6/2019
12:24
Ore-Sorter: A well-informed little bird mentioned "a third" being rejected which suggests ~50% more production, if ore mining can be accelerated accordingly. However, this was result was based upon Palito ore; back in 2018 the Sao Chico ore wasn't optically so amenable - time to look back at the announcement in Summer 2018?.This leaves us some way away from understanding the forecast implied leap to 69k Oz from 40-44k Oz?.(IIRC the sorter has to be positioned within the process plant flow; the ore has to be crushed down to a certain size before sorting?).Cheers, tightfist
tightfist
13/6/2019
11:28
Hi tightfist, thanks for fleshing that out a bit. If 2020 is forecast at $90mm revenue that either builds in a higher POG or as you say a much higher production number. Keen to see what this ore sorter can do.
ppvn
13/6/2019
11:12
Ps gold price up again. Every little helps.
gregpeck7
13/6/2019
11:12
Agree. This is genuinely a real multibagger in waiting..
gregpeck7
13/6/2019
11:10
According to Stocko. SRB are only followed by Peel Hunt who uplifted their 2019 eps forecast to 4.8p during January. During March they introduced a 2020 eps forecast of 13.5p off the back of a $9.8m/£7.8m profit projection. Throughout 2019 they have been awarded a Broker Target of around ~140p. (I don’t know what PoG projection PH used - daily PoG has recovered to around the same level as mid-March). 2019 revenue is forecast at $55.4m (equates to 42k Oz @ $1,320), OK by me. Intriguingly 2020 revenue is forecast at $90.9m - that equates to 69k Oz (a 64% YoY uplift) at the same PoG. Good enough for me! tightfist Edited: Revenue and production forcasts added
tightfist
13/6/2019
10:04
At least all the news and forward looking news for Serabi is very positive.
loganair
13/6/2019
09:58
I don't see how they are getting those numbers. 15p would equate to £8.7m profit. Not even ballpark close.
ppvn
13/6/2019
09:51
PPVN - Based on analysts forecast EPS for year ending 2020. For Year ending 2021 they're giving a forecast EPS of little over 15p per share.
loganair
13/6/2019
09:44
What are those EPS numbers based on? They were the same with gold at $1,180 as they are today - that and the dismissal of reserves, exploration activity, etc. I'll be bitterly disappointed if they can only manage 11p in 2020. They are forecast to do well over 50k oz with the ore sorter, with gold where it is (and where it is forecast to be) those figures are just way off. Perhaps why we are where we are I guess!
ppvn
13/6/2019
09:25
Interesting to see how many analysts have now moved on to looking at forecast 2020 earnings for companies...Serabi's forecast 2020 EPS is over 11p per share. The average miners share price is 6x EPS which would give Serabi a share price of 66p with a strongly growing miner at 8 x EPS would give Serabi a share price of 88p.
loganair
13/6/2019
09:11
GM chaps, Not too fussed with what happens in the ME, always something going on there and recently it hasn't had much effect on POG. What does grab me is that I think $1700 in the next couple of years for gold is beginning to sound eminently reasonable. Serabi have a track record for getting mines into service in the area and so when Sao Chico and Palito are producing 55-60k oz next year, when Coringa goes live it'll be very close to, or at 100k oz per annum. With an AISC of $900 (again, with the ore sorter this should easily be within reach) and if gold gets to $1,700 by 2021, that's $80mm clear. Market cap currently less than £30mm. Somethings going to change!
ppvn
13/6/2019
08:57
The US taking on Iran is a different kettle of fish to taking on Iraq as Iran is over 4 times bigger then Iraq and far more mountainous and has over 100 times more coast line. If it does all break out in to conflict then see both the price of oil and gold shoot up dramatically.
loganair
13/6/2019
08:36
Gold edging higher again.. Iran messing with oil tankers in the gulf. The world is a dangerous place. Gold will benefit
gregpeck7
12/6/2019
21:31
Paul Tudor Jones - Stock market goes higher for now. First Fed rate cut - Long Stocks...Long Gold....Short Dollar. Once gold goes to $1,400, will quickly rise to $1,700.
loganair
12/6/2019
20:45
hTTps://www.bloomberg.com/news/videos/2019-06-12/gold-is-paul-tudor-jones-s-favorite-trade-for-next-12-24-months-video Will be interesting to see if gold can break the $1,350 mark. This is why most of my portfolio is in gold these days!
ppvn
12/6/2019
16:11
Well gold is holding 8 bucks higher which is great.. Another up day for gold tomorrow please... Meanwhile i think this grinds ever closer to 100p.
gregpeck7
12/6/2019
12:20
AAZ produced circa 80m ounces market cap at over £100m. Comparativey this should be valued around £50m if on target for 40m ounces.dyor
78steve
12/6/2019
12:02
I'm still intrigued by what the cindarella shear could hold. Drill that before any more buying please BOD...
ppvn
12/6/2019
11:48
Agreed, let's get some cash and NET cash generation behind us before any more acquisitions. Distressed regional opportunities must be tempting but surely we cannot be taken through an share price lurch like this again?Cheers, tightfist
tightfist
12/6/2019
10:41
Looks like about 15,000 shares available on the offer, then she is dry again BTW... 1 MM selling.
gregpeck7
12/6/2019
10:38
Todays share price still way below where they raised cash.. Circa 70p as well. The shares are locked in tight... I would hope they build up some cash before expanding again.. Once Coringa is up and running maybe...
gregpeck7
12/6/2019
10:34
My sense is that the BoD are more focussed on expansion or further acquisitions than splashing any cash in dividends. Maybe we will get more feeling/direction at Friday's AGM.
tightfist
12/6/2019
10:04
With only 59 million shares in issue a nice dividend doesn't look unrealistic as most companies give back 25% of profits as dividends eg 10 million profit = 2.5 million dividend so 4.2p a share which is around 8% yield at this sp
mick1909
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