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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 22,679 11:52:23
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 63.71M 1.14M 0.0150 45.00 51.12M
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 £51.12 million. Serabi Gold has a price to earnings ratio (PE ratio) of 45.00.

Serabi Gold Share Discussion Threads

Showing 22501 to 22524 of 22600 messages
Chat Pages: 904  903  902  901  900  899  898  897  896  895  894  893  Older
DateSubjectAuthorDiscuss
17/5/2024
15:14
10 million shares .. total fantasy steve171 as I am sure you already know . How many successful traders trade 1 share at a time 🤔 . None .

Boris .. jog on you plonker .. you are supposed to have filtered yourself 🤷‍a94;️

kennyp52
17/5/2024
14:11
If you don't refer to me or ask me anymore questions, I'll not post.
borisjohnsonshair
17/5/2024
14:04
Remember, sharks feed in groups, especially on share forums. Ignore and they go away!
mofan
17/5/2024
13:23
Whale, ha ha. I'm more of a business shark or dragon.
borisjohnsonshair
17/5/2024
11:53
It seems Boris is some kind of 'whale' in Bitcoin terminology. According to him, on the bid news for Shanta just before Xmas, he closed his position and took an estimated £1.3 million in cash.

Here in Serabi he was similarly over exposed as 99% of his posts this year have been here on this board. If he has sold out here as he says he could have sold £1 million worth of shares, 2%+, this week which has done a lot to crater the share price The reasons given which concern the Chairman's RNS statement don't add up to selling out so there are likely other factors at play.

Serabi is in a sound position financially with 38-40k oz of production being the guidance for this year which will increase net cash as well as funding the development of Coringa and exploration. The trial licence for Coringa has 3 years to run to January 2027 which makes the issue of a full licence not critical in the medium term.

BorisJohnsonsHair - 22 Dec 2023 - 09:39:20 - 622 of 2276 SHANTA GOLD- The focus is East Africa - SHG
I’m not voting no with 10,000,000 I’m voting with my feet. Bird in the hand. Smell a rat and won’t wait for 13.5p or no vote win and an utter SHAMBLES!!!!

stevea171
17/5/2024
11:36
Come on Boris . No need for that . You know there is a lot of good stuff in your posts hidden beneath all the silliness . I own this eyes wide open accepting the risks and owning on risk reward . I hope I am right to do so but am not making any great claims on my level of insight. Good luck with your own investments .
jj119
17/5/2024
10:57
You've found it and have cut and pasted it. Bravo. You could now read it but you'd not understand
borisjohnsonshair
17/5/2024
10:47
Peel hunt note out today. Updated their gold price forecasts to a mere $2000 this year falling back to $1700 thereafter . On that basis they can cover £17m capex this year out of cash flow and add £5m to net cash by year end exiting with total net cash of £10m. Earnings per share 17p 24e putting shares on 3x earnings . Price target 105p on basis of their current gold price slate rising to 240p at spot (and 24 earnings rising to around 25p). So clearly current share price almost fully discounting coringa license around which there is of course a risk but IMO nothing like the level being discounted. If we think gold price might even go higher then this thing could buy itself back in a few years ....
jj119
17/5/2024
09:04
Extract from chairman’s report ..

Key to this remains the development of Coringa and the installation of the crushing plant and ore-sorter which is a significant element in the growth of the Group’s gold production for 2025 and thereafter. The ore-sorter cleared Brazilian customs during April and I am now pleased to report that it has arrived at site and work on the necessary civil works for its installation and commissioning later this year are underway. At the same time the crushing plant is also being prepared for installation.

Since the publication of our Annual Report at the end of April there has been little further movement in the licencing process. The latest version of the Indigenous Impact Study (“ECI”) has been submitted to the government agency for indigenous communities (“FUNAI”) as we continue the steps required in the consultation process with those indigenous communities.

In the past week I met with representatives of the Instituto Kabu, an association of the Kayapó Mebêngôrokre Indigenous community from the Baú and Menkragnoti Indigenous Lands, situated in the state of Para. It was a good conversation allowing us to further our understanding of the issues faced by the indigenous communities and assist in identifying solutions that can help meet their needs.

Whilst we have challenges ahead and the next six months will be pivotal in our plans, we have a dedicated and experienced team to steer us through this. I look forward to reporting further progress on 13 June.

Boris if you want to do 1 more post then please copy and paste where the chairman has posted a permanent block on the license . Otherwise it might be appropriate the FCA is notified of misleading information 🤷‍a94;️ . Just preserving a copy ..

BorisJohnsonsHair17 May '24 - 07:24 - 9215 of 9218
0 0 0
Have you filtered the SRB Chairman. If the reasons the license process had stopped was not SRB specific, surely he’d have mentioned this. The license is permanently (ongoing 5 years) blocked. He’s not mentioned strikes. Filter all fact and dream on …. recipe for a LOSER

kennyp52
17/5/2024
08:50
Stockopedia rank = 100 i.e. top of all UK shares
nickwild
17/5/2024
07:27
..... anyway. Cleared out final stock at 68p, so will leave you clowns alone. Might reinvest if the license comes in but it won't. Bye bye all. It's been emotional
borisjohnsonshair
17/5/2024
07:24
Have you filtered the SRB Chairman. If the reasons the license process had stopped was not SRB specific, surely he'd have mentioned this. The license is permanently (ongoing 5 years) blocked. He's not mentioned strikes. Filter all fact and dream on .... recipe for a LOSER
borisjohnsonshair
16/5/2024
22:25
Yeh .. Boris .. filter yourself .. do us all a favour 🤣

Just to make you look even more of a fool ..



It’s only the Financial Times so I am guessing it is pretty reliable .

Dope

kennyp52
16/5/2024
21:03
Who is Boris Filtered
Get rid of him now!

phillis
16/5/2024
18:54
By the way Mud 4 Brains - GRL will list, but you'll not get out for more than 0.5p
borisjohnsonshair
16/5/2024
18:52
Clown - "little progress" means progress has stopped. It doesn't mean they are proceeding, just that they are making no progress, so progress has stopped. They've not mentioned progress has stopped due to national strikes because they could r say this. It's not true. Progress has stopped because the license isn't approved and it won't be. Don't shoot the messenger moron. I recommended you sell GRL at 14p, you sold at 12p and then complained when it went to 13p. Then you re brought in and it went to 2p and suspended. SRB will not get the license and will declare its production unviable. You'll never learn you utter F Wit!!!
borisjohnsonshair
16/5/2024
10:13
I agree with BBN's points. FWIW, my additional interpretation from yesterday's RNS is that the the indigenous communities are lining-up their Community Programmes aspirations, etc, to collect their pound of flesh during the ongoing negotiations. ALTN went through a similar local sweetening process last year.
tightfist
16/5/2024
10:02
Kenny, I think you summed it up nicely. .A renewal of the trial licence (RNS 31.1.24) for THREE years AND the permitted installation of the 2nd OS, are good steps forward IMO. They now have time to patiently work through the various licence agencies, and in parallel increase Au production. Non of which relieves the uncertainty pervading London and the LSE, as we saw yesterday..Unfortunately I will be out of the U.K. at the time of the AGM; a pity, it sounds to be a useful meeting. tightfist
tightfist
16/5/2024
09:58
stevea171.. it’s very simple .. Hodgson and Line have not been doing their jobs well and the market has a distrust them of now. The only way they can get over this is up the production and get that license sorted . There is a perception ( me included ) that this has become a route to a nice comfortable retirement for these pair so they need to prove us doubters wrong .
kennyp52
16/5/2024
09:51
Boris makes up stuff which he posts here to suit his CFD/investment/trader position at the time and then brags about the huge profits he's made from an RNS interpreted by him to trigger a waterfall drop.

He's done this twice in recent times incl this week.

BigBiteNow on X makes reasonable points on the interpretation of this RNS cf previous recent company statements. Points 1-17.
Just points 10-17 follow.
Read them all for yourselves.


BBN@BigBiteNow
·
May 14
10/
At no point did he state there were any new issues with the Coringa licensing process.

But the market being what it is has completely ignored this history and only focused on this.

"Whilst we have challenges ahead and the next six months will be pivotal in our plans..."
BBN
@BigBiteNow
·
May 14
11/
Better still the market has attached these comments to the licensing and seemingly ignored the wording on
"the installation of the crushing plant and ore-sorter which is a significant element in the growth of the Group’s gold production for 2025 and thereafter."
BBN
@BigBiteNow
·
May 14
12/
It is the success of this plant build and commissioning that lends itself to the "next six months will be pivotal in our plans" statement far more than the licensing process at this time.

That's because he most likely assumed that everyone had read the Annual Report and...
BBN
@BigBiteNow
·
May 14
13/
understood that its ramp-up through 2025/26 only depends on the trial license which has already been received.

Meaning it really doesn't matter if the full license is Q3 this year or next. What matters is that it eventually lands and/or the trial license is renewed.
BBN
@BigBiteNow
·
May 14
14/
One last point here.

A review of the history of the mining license blockage would tell investors that the immediate approach by those opposing it was to move to block the renewal of the trial license.
BBN
@BigBiteNow
·
May 14
15/
Hence why Serabi continued to operate at Coringa on the existing trial license (the basis being it was valid until the court proceedings had been completed) even though it was already out of date.
BBN
@BigBiteNow
·
May 14
16/
So its renewal was a clear message that whatever obstacles were left to the full license were clearly now minor because a strong enough agreement had been reached to allow (trial) mining to continue for up to 3 years. Meaning a strong backing from those opposing the mine.
BBN
@BigBiteNow
·
May 14
17/
I can make an argument for slightly better wording in the RNS but I can also argue that the market needs to do its homework properly.

But there's is no argument for a 14% drop when gold is trading up at $2,355/oz.

stevea171
16/5/2024
09:11
“Little progress” .. the government staff employed on this process are on strike you big dummy. Little progress does not translate to “stopped”; .. totally misleading and stupid quote Boris .. yet again ! The market wants certainty and throws its dummy out at any suggestion of uncertainty . End of . You truly are clueless Boris . How’s the jet washer ?
kennyp52
16/5/2024
05:26
Chairman's statement - "little progress"
borisjohnsonshair
16/5/2024
01:22
“BorisJohnsonsHair - 15 May 2024 - 08:43:56 - 9184 of 9203
Meet me in the Lord Wilson Wetherspoons in Huddersfield?“



I’m still waiting, you stood me up you slag

trader465
16/5/2024
01:18
“Chairman has stated the license progress has stopped”

Where is the link darling?

trader465
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