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SRB Serabi Gold Plc

69.50
-1.50 (-2.11%)
19 Jul 2024 - Closed
Delayed by 15 minutes
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
  -1.50 -2.11% 69.50 69.00 70.00 71.00 69.50 71.00 57,651 15:26:46
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 63.71M 1.14M 0.0150 46.33 53.77M
Serabi Gold Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker SRB. The last closing price for Serabi Gold was 71p. Over the last year, Serabi Gold shares have traded in a share price range of 21.25p to 72.00p.

Serabi Gold currently has 75,734,551 shares in issue. The market capitalisation of Serabi Gold is £53.77 million. Serabi Gold has a price to earnings ratio (PE ratio) of 46.33.

Serabi Gold Share Discussion Threads

Showing 21876 to 21897 of 22650 messages
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DateSubjectAuthorDiscuss
29/1/2024
18:07
Agreed but it's unsuccessful thus far and their ETA get knocked back more snd more without explanation.
borisjohnsonshair
29/1/2024
17:59
I agreed but you must have the last word.

"Technically yes but near enough for investors without agendas to get the share price to 20p."

>>>> "This time last year the license was expected last year."

Is it under their control?
No it's not. A lot of parties to be consulted and satisfied.
They have been doing everything possible to make it happen.

CORINGA LICENCING
In July 2023, the Company signed an agreement with representatives of the indigenous communities around Coringa. This agreement confirmed the willingness of key stakeholders to see the project progress and was presented to the Court and the other parties involved (Environmental Secretary, Federal Attorneys and National Mining Agency) who agreed to the terms. The indigenous impact report (“ECI”) will be concluded simultaneously with a Plano Basico Ambiental (PBA) which will define the community programmes that the Company will undertake over the life of the
project. The ECI has now been circulated to all stakeholders for final sign off.

The July 2023 agreement has been followed up with meetings with all other interested parties. The Court has now ratified a further agreement signed by all stakeholders ((including INCRA (Brazilian Agrarian Reform Institute) and FUNAI (National Indigenous Foundation)) approving the mining and environmental agencies (ANM and SEMAS) to conclude their analysis and issue renewals of the Coringa trial mining licence and accompanying environmental operating license.

stevea171
29/1/2024
16:21
Bottom of range is so so, top is good, below is a fail.
borisjohnsonshair
29/1/2024
15:45
Technically yes but near enough for investors without agendas to get the share price to 20p.
stevea171
29/1/2024
15:39
Missed the lower end of a range
borisjohnsonshair
29/1/2024
15:36
A 1% miss on production is within acceptability when it's a 4.2% increase on 2022.
stevea171
29/1/2024
15:22
Yes it's what they said. Note - historically what they've said doesn't happen. Guidance, licenses, ore sorter timing etc.
borisjohnsonshair
29/1/2024
15:09
2023 guidance for this year of between 33,500 to 35,000 ounces.
“A satisfactory fourth quarter means gold production for the year has been 33,153 ounces which is a 4.2% improvement to 2022.
FY 2024 PRODUCTION GUIDANCE
The Company expects FY 2024 consolidated gold production of 38,000 - 40,000 ounces.

Outlook: “We look forward to 2024 with great optimism. An excellent geological resource update at Palito, Coringa mine development improving quarter by quarter, and with permitting of Coringa expected to reach a positive conclusion, we expect meaningful production growth and continued strong operational cash flow in the next 24 months. Alongside the opportunities afforded by our exciting exploration activities, there should be continued positive news for shareholders over the coming months.”

stevea171
29/1/2024
14:38
An explanation of 2023 guidance failure is required before getting excited about the 2024 guidance. This time last year the license was expected last year. Now, maybe this year. The PoG is the only performer.
borisjohnsonshair
29/1/2024
14:20
From LSE, HarChris RE: Production Today

Serabi started the year with $7.2m cash and $7m debt and finished the year with $11.6m cash and $6.6m debt. During the year extensive drilling was done and at least €630k was spent on the Ore sorter yet net cash still increased almost $5m - very solid.

Now for 2024 we're looking at between 5000 and 8000 ounce production increase, so $10m to $16m increase in revenue at $2000/oz, much of which will go straight to the bottom line.

And then we're at 2025 when we will likely be looking at 60000+ ounces that's been funded internally from cash resources. Don't think Serabi would be trading anywhere close to $36m against a healthy gold backdrop.

stevea171
29/1/2024
10:39
From LSE, booboouberbear Re: RNS Today

Q3 to Q4 in 2021 and 2022 saw the same drop off in ore milled and gold produced, same goes for cash held on books, 2023 was no different. This is due to various factors. Assuming 2024 mirrors the previous 3 years, then we will see a material jump in Q1 results on ore milled, gold produced and cash held on books, looks like quite a lot of 'inventory' went unsold, so I'm guessing they book that as a loss for the FY 2023 Year and sell it early in Q1 2024.

Chunky 38-40k guidance for 2024??? 9-10k per quarter for 2024, assuming wet season variables, they must expect a big Q1/Q2 2024?

Obvious slant towards Toronto with a new investor relations manager, given LSE liquidity and valuations, this is smart.

I'll add over the course of 2024, as the risk vs reward here is astronomical should they get it right at the same time sentiment comes back to this resources space.

It's mining, caveat emptor.

stevea171
29/1/2024
09:52
Carers .. what you on about .. I don’t have any carers Boris . Oh I see .. a childish attempt to rile me eh ? Fuk me you’ll have to do better than that 🤣🤣
kennyp52
29/1/2024
09:49
It's very odd to laugh while you wet the bed. Your carers must hate you.
borisjohnsonshair
29/1/2024
09:35
lol. Run out of cash .. you are clueless. How much increased inventory accounts for lower cash Boris ? Trader465 been calling you right for years . Run out within months… pmsl .. even I can’t throw that 1 at them . Gold price on the rise also . Jeez .. stop posting misleading , stupid stuff ALL OF THE TIME .
kennyp52
29/1/2024
09:22
No mention of guidance Fail. No mention of the obvious further delay of the license. Slippery reporting on the trial license hanging in the balance. Losing money at USD2000 gold. No mention of 25% drop in production at Palito quarter on quarter!!! Imagine 2024 with only Palito and gold at USD1750. They'd run out of cash within months.
borisjohnsonshair
29/1/2024
09:11
Hit the nail on the head there slicethepie.. 100% agree
kennyp52
29/1/2024
09:09
FY 2024 PRODUCTION GUIDANCE - The Company expects FY 2024 consolidated gold production of 38,000 - 40,000 ounces?????


Together with increased inventory at the end of the period, resulted in cash received from sales for the period being $3.9 million less that for the third quarter - reads as though Serabi have the gold out of the ground however have yet to sell it.

loganair
29/1/2024
08:56
Quick question why does such a small company that already has a wealth of adviser need a vp of investor relations? My only observation was the new recruit is a CFA so perhaps they could replace the hapless cfo lines
slicethepie
29/1/2024
08:53
No you don’t and I do not know ..you are a pathological liar that gets it right 100% of the time 🤷‍a94;️🙄 . I tell you what I’ll post my trade just to see if for the first time ever you will prove your position ..

31/08/2023 Bought B598081423 24.65

kennyp52
29/1/2024
08:51
Trader Trader, give us a wave. How's your pop at full year update. It did pop that's for sure
borisjohnsonshair
29/1/2024
08:44
Ha ha - Mr bitter and twisted. Another stock you are down on. Give up pal
borisjohnsonshair
29/1/2024
08:44
As you may have deduced I had a massive CFD short prior to the miss of guidance update. Still holding original shares but doubled money. Will be tripling holding at 20p. TraderMoron will bail at a loss for the fourth time. It's sooooo easy making money regardless of direction
borisjohnsonshair
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