Serabi Gold Share Discussion Threads

[trader465] 02/12/2021 17:51

Just look at the muppets running it for your answer.

Interesting if some people ask the muppets what have they been doing for their salaries over the last 18 months?

Christmas is almost here, when will they be going to Brazil?

[charlie9038] 02/12/2021 17:36

Thanks for the posts, so why is this so undervalued?
2x or 3x?

[ppvn] 02/12/2021 11:14

Hi Chip et. al.,

Thanks, I was using the AR for the debt figs - hadn't seen that debts had been repaid in H1. Still a wild difference though, not quite sure how the numbers I had were so high vs. yours. Let me take a closer look and see if I can come up with anything. As I say, I've always liked HUM but hadn't thought it was quite such value vs. SRB - warrants a closer look.

Edit: yes imastu apols for the off topic. Was bored and thought I was being clever.

[imastu pidgitaswell] 02/12/2021 11:09

SRB Enterprise Value (Market Cap Plus Debt Less Cash) is $56.5m.

Shares in issue: 76,901m (per Q3 2021 results just out)
Share price of 70p, Ex rate ($:£) of 1.332 (today)

Results in a market cap of $71.7m

No, debt, net cash of $15.2m (per 9 month results just out)

Means Enterprise Value is $56.5m.



I have no idea what HUM enterprise value is, or why anyone on this thread would care...😎

[trader465] 02/12/2021 11:08

"Net cash of US$12.4 million (inc. gold inventory value of US$3.4 million), with US$4.7 million of final debt repayments made during Q2 2021, taking the Company into a debt free position (H1 2020: net debt of US$20 million)"

[chipperfrd] 02/12/2021 10:56

PPVN,

HUM cleared their debt during 1H21.

Current HUM Ev is c. US$79m.

Current SRB Ev is c. US$66.6m

[ppvn] 02/12/2021 10:27

Ah, the figures I see has HUM as having an EV of £89mm (sterling)- they have a fair bit of debt and lease their mining equipment (not to say I don't like HUM - I do but I'm just writing this for balance).

SRB have an EV of £43mm. So whilst HUM do indeed produce more gold they also are valued at more than double Serabi in EV terms.

[trader465] 02/12/2021 09:56

$75m (£56m)

[trader465] 02/12/2021 08:59

War zone or not EBITDA £30m, market cap £60m

[trader465] 02/12/2021 08:46

And SRB is in the middle of nowhere

[borisjohnsonshair] 02/12/2021 08:43

It's in a war zone moron

[borisjohnsonshair] 02/12/2021 08:31

Cost of expansion. This is a means to an end time for sure but in 18 months 90,000 ounces - do the math and remember zero increase in admin costs, so the AISC will drop through the floor. All falling into place very nicely. Don't follow the price, markets get them wrong. 2023.

[bsg] 02/12/2021 08:28

Disappointing AISC again! I Don't think gold is going anywhere soon, due to Bitcoin et. al. So they have to reduce AISC somehow. Otherwise it seems it's just for the workers. Not much for the shareholders on offer.

[borisjohnsonshair] 01/12/2021 13:06

£50k down on GRL - Loser.

[borisjohnsonshair] 30/11/2021 17:09

Great day on AYM you muppet. Here's laughing at you.

[borisjohnsonshair] 30/11/2021 17:08

You said that at 60p recently. Jog on loser!!!

[borisjohnsonshair] 30/11/2021 14:16

Lovely chart, loaded spring for license news tomorrow.

[borisjohnsonshair] 30/11/2021 10:25

The estimated cost is USD20M, with USD5M contingency. They've spent USD3M, so if the progress thus far is on budget they have USD17M outstanding and should have USD4.25M contingency.