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SRB Serabi Gold Plc

58.50
2.50 (4.46%)
17 May 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
  2.50 4.46% 58.50 58.00 59.00 58.50 56.00 56.00 265,311 15:59:44
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 58.71M -983k -0.0130 -45.00 44.3M
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 56p. Over the last year, Serabi Gold shares have traded in a share price range of 21.25p to 70.50p.

Serabi Gold currently has 75,734,551 shares in issue. The market capitalisation of Serabi Gold is £44.30 million. Serabi Gold has a price to earnings ratio (PE ratio) of -45.00.

Serabi Gold Share Discussion Threads

Showing 22051 to 22074 of 22525 messages
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DateSubjectAuthorDiscuss
12/3/2024
16:30
PPVN - I agree, Serabi too small as take over targets tend to be 100koz plus producers.
loganair
12/3/2024
16:23
It's our blessing but also curse tightfist.

Fratelli are miles underwater - they initially funded the development in 2009(?) or whenever it was. Greenstone agree will definitely look for a return.

Fundamentally the shareprice is a product of who is buying and selling. Fratelli and Greenstone haven't been selling so they attribute a higher value presumably. But then they hold much of the shares so then the float is reduced so less trading and less price discovery etc - but equally on the up days thin liquidity also equals big moves. But we shall see.

For the record I doubt any bid will be forthcoming anytime soon. As MH said - at this size they are pretty irrelevant.

ppvn
12/3/2024
15:38
PPVN, IIRC both F and G are well underwater - the last placing was three years ago at 75p and they will looking for a return on top. IMO There is a good upside to strong holders who have time on their side.
tightfist
12/3/2024
15:21
Try not to answer Traderclown. He's doesn't understand percentages, holdings, numbers or laces
borisjohnsonshair
12/3/2024
15:19
Serabi can't be as they are 25% owned by Fratelli and 25% by Greenstone. So any possible bid would be brokered by them anyway.
ppvn
12/3/2024
14:56
Boris 600p is your dream, SRB will be sold/delisted/stolen well before 600p petal
trader465
12/3/2024
14:55
If they were going to be taken out cheap they'd have been taken out at 20p. Nothing has changed yet.
borisjohnsonshair
12/3/2024
14:53
What worries me the most, like others on this thread is that now Serabi are up and running at last they maybe taken over on the cheap with any new owners making the real money.
loganair
12/3/2024
14:48
This talk of dividends is nice but think there may be a few hurdles to cross first!

The move into OTCQX is curious - fine the TSX listing was a legacy but why the focus on an IR function now? And into the US as opposed to Canada which by all accounts is where Mike claims to be more interested in M&A?

Greenstone have some interesting previous investments and obviously have considerable expertise in the space but it does all seem rather odd at this juncture to me. But then I guess it will until anything could and might happen I suppose. By paying a dividend serabi would allow more funds to invest (if they chose to!) - some are limited to dividend paying stocks. Also noted a lot of ESG focus on their new website.

Share price still rotten here but getting a little more palatable I suppose! Maybe some life in the old dog yet.

ppvn
12/3/2024
14:41
At some point down the road (3 years away?) there is the desire to fund the FULL processing circuit at Coringa, and continue to expand capacity. . Agreed that a small dividend would put down a marker.
tightfist
12/3/2024
13:12
$2,300 + 40,000oz Serabi would have enough for both exploration and paying a small dividend to its share holders.
loganair
12/3/2024
12:42
I'd not agree with that. They'd be better off using all the money to self fund exploration due to the huge potential. If they started paying dividends, the price would rise but they'd become short of cash. Then they'd raise exploration cash with a dilution. You are better off waiting for production and discoveries to rise and 600p, than bank accounts few quid and be diluted.
borisjohnsonshair
12/3/2024
12:24
It seems to me reasonable to say that in 2025 will see an average price of gold of $2,300 plus with Serabi producing 40,000oz of gold then I can see of no reason why they couldn't start paying us long suffering share holders a small dividend.
loganair
12/3/2024
11:20
I'm sticking with my 600p but we might be on different timeframes. Well both be correct.
borisjohnsonshair
12/3/2024
09:54
I'm still sticking by my posts of late 2023 seeing gold reach between $2,300 and $2,500 during 2024 and Serabi share price of 100p as I thought at the time and still think these are reasonable goals to reach.
loganair
12/3/2024
09:27
Do you mean the senior staff?
borisjohnsonshair
12/3/2024
09:23
The board own more than 50% already
borisjohnsonshair
12/3/2024
09:10
Why don't the board buy shares in their company?
bsg
12/3/2024
08:57
60-100k production and POG at USD3k .... someone else do the math.
borisjohnsonshair
12/3/2024
08:50
Gold predicted to be USD2700 by 2025. If SRB raises production to 50k the AISC would drop to say USD1250. This leaves USD1450 FCF. 50k = USD72M annually. PE of 6 will be realistic as minors won't be out of favour long. Value GBP345M. 75M shares = 460p. Plus Vale plus additional discoveries and resource increases. 600p
borisjohnsonshair
12/3/2024
08:33
According to Josh Saul, CEO of The Pure Gold Company, the gold price could have further to climb. “Many analysts are predicting it could continue to $2,300 before it stabilises”, he says.

Saul adds that “the highs are not putting off investors”, but rather “motivating some nervous investors who fear missing out on more gains”.

“We saw this trend during the Global Financial Crisis after the collapse of Lehman Brothers and Northern Rock when fence-sitting buyers finally bought into the physical gold market to protect their assets”, he explains.

loganair
11/3/2024
18:18
Jog on bore. So predictable, when you lose money. All bitter, so try to upset strangers. Soooo so sad.
borisjohnsonshair
11/3/2024
17:11
Ha ha ha - you sold out at 24p and are now in criticise mode!!! Fourth time you've brought high, sold low in SRB. How the hell you blame that on MH I don't know!!! Moron LOSER.I sold my 8,000,0000 SHG at a very tidy profit
borisjohnsonshair
11/3/2024
16:48
14 June 2019

Serabi Gold plc
(“Serabi”; or the “Company”;)
AGM Statement


“Our near-term ambition remains to grow our personal financial wealth by selling the story of a 100,000 ounce per annum producer within two years"

trader465
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