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SRB Serabi Gold Plc

67.50
0.50 (0.75%)
Last Updated: 11:52:23
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
  0.50 0.75% 67.50 67.00 68.00 67.50 67.00 67.00 17,679 11:52:23
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 63.71M 1.14M 0.0150 44.67 50.74M
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 67p. 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 £50.74 million. Serabi Gold has a price to earnings ratio (PE ratio) of 44.67.

Serabi Gold Share Discussion Threads

Showing 21901 to 21921 of 22600 messages
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DateSubjectAuthorDiscuss
31/1/2024
14:36
I sold today & bought APH
blackhorse23
31/1/2024
12:40
Mr Himdsight. No mention of purchase but you rubbished the stock. Then the pop down became a pop up. Double loser
borisjohnsonshair
31/1/2024
12:38
Of course - LOSER
borisjohnsonshair
31/1/2024
12:37
Watch and learn my good friend
trader465
31/1/2024
12:20
Yep, you heard it all here first. You'd better buy some LOSER. You might have a rare result.
borisjohnsonshair
31/1/2024
12:17
Total equity £81m, market cap £37m 30% cash, production increasing and gold price near all time high, what’s not to like petal? 600p soon 👍
trader465
31/1/2024
11:35
That's the 5th time you've brought at the peak and sold low. Incredible
borisjohnsonshair
31/1/2024
11:34
Hilarious, you sold out again at 38p.
borisjohnsonshair
31/1/2024
10:59
Theres so few shares in issue it will definitely move quickly if theres any kind of volume
saint in exile
31/1/2024
10:31
Nice to be reminded how quick this one moves when there is good news out there.

Thought the most interesting part of the BRR interview was the indication that Vale would continue the partnership to be honest. Good news about coringa and the rest but Vale news or a feasibility study could be so much bigger. Anyway onwards and hopefully upwards.

ppvn
31/1/2024
09:50
Last week was hopefully 2024, now trial license renewed it's stated as "Q2 2024". The authorities have given the nod.
borisjohnsonshair
31/1/2024
09:35
Also how far away is full licence? It's not going to be soon as why bother with a trial licence.
bsg
31/1/2024
09:31
Project derisked my friend.
borisjohnsonshair
31/1/2024
09:27
Unfortunately the ore sorter for Coringa is expected to be operational by Q4-2024,
so little impact for 2024.

golden prospect
31/1/2024
08:48
Does this mean another three years of bumbling along?
bsg
31/1/2024
08:38
Big news. Market knows.
borisjohnsonshair
31/1/2024
08:31
Trial mining license at Coringa renewed for a further three years
Today 07:00

Serabi Gold plc is pleased to announce a three year renewal of the trial mining licence for its wholly owned Coringa mine.

HIGHLIGHTS

The National Mining Agency (ANM) has issued a renewal of the Company’s trial mining licence (“GU") for Coringa for an additional three years, demonstrating continued stakeholder support for Coringa. The GU permits the transport of up to 50,000 tonnes of ore per annum from Coringa, to be processed at the Palito Complex. The environmental agency Secretaria de Estado de Meio Ambiente e Sustentabilidade (“SEMAS”) is continuing its analysis of the company’s application for the Installation Licence for Coringa but has confirmed that the Company’s Trial Mining Operating Licence (“GUOL”) remains active and valid. Serabi is now permitted to install the planned crusher and ore sorter, the latter expected to be operational by Q4-2024 The official announcement of the three-year renewal of the GU was published on 29 January 2024. Company guidance of FY 2024 consolidated gold production remains at 38,000 – 40,000 ounces.

Mike Hodgson, CEO of Serabi, commented:

“This is extremely welcome news, which our management and legal team have been working on tirelessly over the past months. The agreement reached in July 2023 with the indigenous communities has been a pivotal moment in permitting success at Coringa followed by a further agreement with all parties signed in December 2023 and sanctioned by the court allowing the ANM and SEMAS to renew the existing licences.

The new GU allows us to continue our current operations and importantly we are allowed to install the planned crusher and ore sorter under this and the accompanying GUOL. Whilst the permit has an annual limitation of 50,000 tonnes of ore that can be transported per annum from the mine, this would be sufficient for 2024, whilst we now focus on completing the final steps to complete the full permitting at Coringa.

stevea171
31/1/2024
08:06
Disappointing, that's no surprise.
bsg
31/1/2024
07:54
The "satisfactory" but not exceptional, outstanding, or robust Q4 resulted in a miss for 2023 guidance - a huge disappointment. Clearly they mined and processed more to try and catch-up but grades dropped off significantly. If gold had reversed the business may have been loss-making, and this exposes their marginal ops.

The news today re extended trial permit at Coringa is only for 50,000 tonnes which is hardly anything to get excited about. However, the permission for ore sorter is a noted contributor; shame this will have little impact for 2024 production (late decision making ?)

I am afraid to say the vision for growth at Serabi is disappointing.

golden prospect
31/1/2024
07:24
Great news!!! Stability
borisjohnsonshair
30/1/2024
19:34
From booboouberbear, LSE. Re RNS.

He should be bullish. As per the Q4 2023 Production RNS, they are moving into the higher grade ore body at the G3 North area, as per the details below, this should be double the Au ore grade, if you shift the same ore, spend the same operational CAPEX on a volume for volume basis, we could double production when into the G3 North ore body when comparing the grades.

Q1 2024 should be instantly better, I expect the operational sweet spot to be Q2/Q3 2024 as is the case with previous operational years and results.

From Q4 2023 Production RNS of 29 January 2024:

‘Total ore mined from the Palito Complex during the quarter was 35,497 tonnes at 4.78 g/t compared to 35,219 tonnes at 6.81 g/t of gold for the third quarter of 2023. Palito grades for the year averaged 6.12 g/t gold. Most of the ore is being generated from the Ipe and Mogno veins, but development of the G3 North area is well underway, and this sector will be a significant ore source over the next two years.’

From the Palito Mining Complex NI 43-101 Technical Report on the Company Website, dated 20 November 2023:



Page 109 – Table 14-17: Mineral Resource Statements Per Vein (Measured + Indicated) – Palito Mine:

Vein G3:
Tonnage (t): 194,314. Au (g/t): 10.35. Au (Oz): 64,688.

Page 110 – Table 14-18: Mineral Resource Statements per Vein (Inferred) – Palito Mine:

Vein G3:
Tonnage (t): 343,936. Au (g/t): 8.03. Au (Oz): 88,812.

stevea171
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