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SRB Serabi Gold Plc

68.50
1.50 (2.24%)
Last Updated: 13:00:50
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 2.24% 68.50 68.00 69.00 68.50 67.00 67.00 72,395 13:00:50
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 22526 to 22547 of 22600 messages
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DateSubjectAuthorDiscuss
20/5/2024
19:06
I think SRB can survive, after Coringa is shut down, IF, gold goes to USD3000. Hopefully you'll be ok.
borisjohnsonshair
20/5/2024
16:26
That makes no sense.
borisjohnsonshair
20/5/2024
15:07
Read my messages to a) find out what's happening with SRB and b) stop me posting. I couldn't be any clearer .
borisjohnsonshair
20/5/2024
11:48
F Off Boris
phillis
20/5/2024
10:57
Yeeeeee ha
borisjohnsonshair
20/5/2024
10:21
Back in short. Just saying. Hope this helps.
borisjohnsonshair
20/5/2024
09:45
Ha ha - watching you crash and burn. I've tried to help you but you keep losing money. G Spot!!
borisjohnsonshair
20/5/2024
09:31
Go away Boris 🤷‍a94;️
kennyp52
20/5/2024
07:54
You'd have sold KWS if you followed your rule, Clown. Also many of your punts are now suspended, so you've not bailed out. So full of it, you can't see how daft your lies look
borisjohnsonshair
20/5/2024
07:18
Nice work !
jj119
19/5/2024
22:27
Direct translation of P295 of ECI:
Final Considerations. The Coringa Project, located just over 10km from the Baú Indigenous Land, it does not present direct interference on the territory indigenous, but corroborates the intensification of impacts in the region, whose history involves fronts of exploitation and degradation since the 1970s, thus intensifying the indigenous expectations in relation to the project, considered the main impact.

A point much questioned by the Mebêngôkre-Kayapó indigenous people is in relation to and the impact on the water resources that supply the IT. With regard to the operation of the enterprise, current phase, the operation activities will not involve the processing of the ore at the Coringa Project plant, which will be transported to the Palito mine, located in Moraes de Almeida and, therefore, will not impact the water resources that are used by the indigenous communities of the Baú Indigenous Land. Still on water resources, water in the Curuaés, Baú and Curuá rivers, and according to the results of the laboratory, it was not observed the presence of contamination in surface waters, either by organic load or by load Industrial/Heavy Metals.
.
etc
.
The study demonstrates a relationship of affinity and kinship in relation to the Menkragnoti Indigenous Land, however, Funai's TDR was prepared for the Baú Indigenous Land. For this reason, the study was aimed at responding to the demands of the intermittent organ. In this way, it is up to Funai to position itself to the Kabu Institute to answer such questions whose area of the Menkragnoti Indigenous Land is located outside the project's area of influence.

stevea171
19/5/2024
22:05
Steve you are clearly overthinking, be carful not to wear out the brain too early in your life, we’re only given one brain don’t thrash it too hard.

Small random 2% positions, cut the losers at -12% and run the winners.

Some of my biggest profits have come form companies where I’m unsure whether they make widgets, washers or wine gums

trader465
19/5/2024
21:56
From LSE BigBiteNow:
I posted this on Twitter on Friday but it is well worth sharing here.

It is the November 2023 version of the ECI for the Coringa project full license. Whilst it is in Portuguese sections can easily be translated via google translate in order to understand the extent of the issues highlighted by both Serabi but also the indigenous population.

The conclusions page (295) is particularly worthy of noting. The main issues are water usage/contamination, noise and influx of personnel onto or near indigenous lands.

Key points to understand here. The Bau indigenous land boundary sits 11.7km from the mine site. Normally this ECI environmental study process is conducted when indigenous lands sits within 10km of the proposed mine.

Furthermore, fig. 4 (page 18) shows the mine site in relation to both the Bau lands and the main highway. Figures 21 and 22 on page 28 also clearly demonstrates that the Coringa mine access road runs 100% independent to the access roads for the indigenous people.

Quote. "After the ore is crushed and selected, it will be transported by trucks to the mine of Palito. As already mentioned, transport will take place via the Dois Coringas road to BR 163, towards Moraes Almeida. There will be no interference with access used by indigenous people, as shown in the figures below."

Note the references to crushing and transporting which tie in with the current trial license operation that has been running for over 2 years now. During which time all stakeholders have seen fit to sign off on another 3-year trial license. Supporting the belief that such an operation is of no concern or impact to the indigenous lands or their people.

In addition, there are details on the regular sampling that has been taking place in the river and at the inlets to the indigenous lands. No issues have been found with contamination.

Water usage under the current set up is also minimal because all processing is carried out at Palito. Also, blasting at Coringa has been measured and proven not to be heard in the Bau villages. This is understandable given the fact that the border is 11.7km away and the villages lie even further away than this.

The last two outstanding concerns of the indigenous people laid out in the conclusions were around a new village of two families and the " failure to carry out the ECI in the Menkrãgnoti TI" people.

These we can assume were part of the final update to the ECI which was issued on 8th February 2024. It is not difficult to conclude that the new village would have the same minimal impact that the others have been proven to have. Whilst the Menkrãgnoti TI live more than 70km" from the mine site which is way beyond what the law calls for on ECIs (10km max).



The development timeline as seen by the Bau indigenous people's representatives can be found on this website below.

hxxps://xingumais.org.br/obra/mineracao-coringa-chapleau

However, the most recent update has accidentally been printed on another mine's page. See below

hxxps://xingumais.org.br/obra/mineracao-onca-puma

Quote. "On February 8, 2024, the company Chapleau Exploração Mineral LTDA. (“CHAPLEAU”) filed the Study of the Indigenous Component and Basic Environmental Plan (ECI/PBA) of the Mẽbêngôkre-Kayapó people of the Baú indigenous land."

This ties in with the 17th April Serabi Q1 update on Coringa licensing which stated that.

"With respect to progress on the Installation License (LI), the Company along with its environmental consultancy, Araca, have now completed the Plano Basico Ambiental (PBA), a report that defines the community programmes that the Company will undertake over the life of the project. This PBA has been incorporated into the Indigenous Impact Report (ECI) and is now being circulated to all stakeholders before presentation to FUNAI (the federal agency for indigenous communities).."

Since then the FY23 report dated 29th April confirmed that,

"The indigenous consultation process for the award of the full Installation Licence at Coringa continues.. The comments received on the initial draft ECI report have been considered by the consultants undertaking the study and the ECI report updated accordingly. The Group has now engaged with the government agency for the indigenous population (“FUNAI”) to review the final ECI report and complete the indigenous consultation process. This is required before SEMAS can award the LI."

This demonstrates that the November comments must have been answered along with any further feedback received on the report since November 2023. Note that the trial license was renewed in early February also which indicates very strongly that the feedback was either minor or the content of the update ECI strong enough to deliver support for the trial license extension. Again, thinking logically here the ECI demonstrates the trucking method which has been in production for c. 2 years. Meaning it is tried and tested.

The only outstanding question I have is the full processing plant construction at Coringa because it would be a different set up water usage-wise etc. However, this ECI does not appear to cover that sort of operation. If so (more reading required) then it demonstrates a safe mining method that would allow the signing off of an LI which would remove the limitations on ore transport (50,000 tons) and deliver at least 60Koz per annum. At that stage, Serabi can focus, with what would be substantial cash generation, on Palito plant expansion.

Conclusion the LI license negativity is a red herring and Serabi's confidence that they will receive it is well supported.

stevea171
19/5/2024
21:27
Boris petal KWS be up 70% tomorrow 👍 2024 is shaping up to be a very good year for me
trader465
17/5/2024
21:25
lol additional mine or not serabi is very undervalued.
farrugia
17/5/2024
20:48
Stop talking about and / or to me or I'll be mocking you until G Mining and major stake holders slide your trousers down and bend you over ....
borisjohnsonshair
17/5/2024
20:45
Might have had a million eggs in SRB but of billions, so the traditional eggs & basket cliche is not on the money ...
borisjohnsonshair
17/5/2024
20:43
Correct - I'm an abnormal trader ..... successful.
borisjohnsonshair
17/5/2024
20:12
Kenny. It seems Boris is a high risk potentially high reward operator who puts all his eggs in one or two baskets at a time.
Not a normal trader.

The Derrynow article seems to be a factor for him to sell out as he was so heavily invested here. The position of Serabi with the indigenous people who traditionally have occupied the Coringa licence is not clear. What they complain about has happened a lot in Amazonia ie death, sickness and destruction of forest and fishing BUT Serabi is an underground mine with no tailings dam or waste pollution which they have been consulted on and accepted.

The experience of the indigenous people of the consortium of Glencore/Rio Tinto/etc is the traditional approach of mining in Amazonia with massive destruction, noise and pollution and with no consultation. What Serabi has agreement for after extensive consultation couldn't be more different.

stevea171
17/5/2024
19:56
Jog on Boris
And check in to Dignitas

phillis
17/5/2024
17:14
Chairman been out to the jungle - ha, no, didn't think so.
borisjohnsonshair
17/5/2024
17:13
https://www.derrynow.com/news/home/1494269/indigenous-and-traditional-community-leaders-from-brazils-amazon-come-to-the-sperrin-mountains.html
borisjohnsonshair
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