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SRB Serabi Gold Plc

99.00
0.00 (0.00%)
03 Dec 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 Shares Traded Last Trade
  0.00 0.00% 99.00 368,582 15:51:13
Bid Price Offer Price High Price Low Price Open Price
98.00 100.00 101.50 99.00 100.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores USD 63.71M USD 1.14M USD 0.0150 66.00 74.98M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:30:17 O 5,560 100.00 GBX

Serabi Gold (SRB) Latest News

Serabi Gold (SRB) Discussions and Chat

Serabi Gold (SRB) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:30:18100.005,5605,560.00O
16:25:4899.804,9814,971.04O
16:22:4899.625,0194,999.73O
16:17:0799.697,5007,476.68O
16:06:31100.004,8504,850.00O

Serabi Gold (SRB) Top Chat Posts

Top Posts
Posted at 03/12/2024 08:20 by Serabi Gold Daily Update
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 99p.
Serabi Gold currently has 75,734,551 shares in issue. The market capitalisation of Serabi Gold is £74,977,205.
Serabi Gold has a price to earnings ratio (PE ratio) of 66.00.
This morning SRB shares opened at 100p
Posted at 29/11/2024 17:33 by millwallfan
Helen et al. Please share any feedback on detail plus any views and opinions on overall sentiment and outlook. I always believed this had £2-5 potential but acknowledge the licence award (or not) will be pivotal to the future share price.
Posted at 28/11/2024 12:18 by tightfist
Worth noting this morning's update that "......the Coringa classification plant which is now operational and in the final stages of commissioning. We are already passing run of mine ore through this plant and will also start to work our way through the lower grade stockpiles that have been accumulated at Coringa. As a result of processing this stockpiled material we hope that this final quarter will continue the pattern of increasing production quarter on quarter that we have so far experienced in 2024." .Looking at Q3 numbers versus Stock. forecast they need to raise the Q3 Revenue run-rate by 3%, whilst PoG has increased so far by ~14% - good. However, the EPS delta run-rate needs to increase by 37% to hit the forecast 39.1c - not so easy, especially given the Q4 cyclical headwinds. If achieved, SRB is on prospective PER of 3.1 for this year and 1.9 next year, all at the current share price of 94.5p
Posted at 28/11/2024 08:42 by kennyp52
3 month and 9 month :
Profit/(loss) per ordinary share (basic) 6 11.38c 23.55c

So if they get to 32c+ per share for the year translates to 25p+ on an share price of 90p+

Re-rate back to 120p+ is due imho.

$20m war chest

FY2024 PRODUCTION GUIDANCE

The Company continues to estimate FY2024 consolidated gold production of 38,000 – 40,000 ounces. So as has been posted over 10k ounces needed I. Final quarter but take into account that 2025 is guided at 64k ounces and we are starting to move into that production profile :

“Final commissioning of the ore sorter and crushing plant for Coringa is almost complete, with the crushing plant operational during October and the ore-sorter starting up during November. During the remainder of the fourth quarter in addition to passing run of mine ore extracted from Coringa, the Company will also be processing some of the lower grade material that has been stockpiled at Coringa providing an additional boost to gold production in the remainder of the fourth quarter.”

It seems the company is at last on a roll
Posted at 26/11/2024 22:15 by kennyp52
Got to laugh at this guy who used to be on here daily ..

BorisJohnsonsHair - 20 May 2024 - 09:21:38 - 9244 of 9802 Serabi Gold - SRB
Back in short. Just saying. Hope this helps.

At the time the share price was around the low 60’s and rose steadily up to the current 90p+

I do hope he didn’t close it !

🤣🤣🤣🤣 9335;‍♂️🤷R05;♂️
Posted at 17/10/2024 09:43 by ppvn
Hi tightfist,

I wonder about the state of the plant at Coringa to be honest. The CIP plant at Palito is obviously well maintained and fit for purpose but recommissioning an old plant, even though it's 750tpd I don't know what that would entail or if it would be a "plug and play" deal or not. Would rather imagine that had it been economical to do so they probably would have... If they are to build a new plant though I'm sure there are many things they will be able to recommission. But I'm not sure the ore feed will come from Sao Chico - there are simply better targets elsewhere.

Wrt predicted production - as long as guidance is met I would imagine the reaction will be positive. There have been many negative surprises here in recent years and the share price was on the floor because of that. Although it has changed somewhat - my belief is that there potential and indeed production here justifies far more - the gold price has also been and continues to be very helpful...
Posted at 06/10/2024 08:14 by tightfist
Worth noting.......During the last seven days there has been (on Stockopedia) a 30%+ uplift in SRB EPS Consensus Forecast to 27p in FY2024, and 46p for FY2025..... a PPE of 2.7 for this year, and 1.6 next year. Meanwhile, the share price drops 20%..... figure that out!
Posted at 11/9/2024 17:15 by loganair
What I wrote was accurate, the cost of mining, labour costs, energy cost, transportation cost etc were rising fast through 2021, 2022, first half 2023, while the price of gold remained pretty static was why the share price of the miners remained pretty static.

It's only been since Autumn 2023 that the gold price rose above its $2,000 level which is only now slowly starting to be reflected in the share price of the miners.
Posted at 06/8/2024 18:55 by loganair
The rise in gold prices will continue in the near term amid the geopolitical situation, deepening fragmentation of the global economy and other factors, Nikolay Dudchenko from Finam said.

The increased probability of a full-scale conflict escalation start in the Middle East and a ‘pacifyingR17; signal from FOMC of the US Federal Reserve at the committee meeting last week became main causes of active growth of gold prices that started in mid-July, the expert sad.

"Our gold price forecasts are optimistic. We believe the rise in prices will continue with a greater degree of probability. This is especially so for long-term prospects," Dudchenko said. The process of gold prices growth will be facilitated by the geopolitical situation, continuing fragmentation of the global economic system, where we are becoming witnesses to de-globalization and the gradual slow process of the loss of the world reserve currency status by the dollar, and by the possible trade war between the US and China in the future, the analyst noted. "It is fairly difficult to predict the future level of gold prices. We believe the asset has the probability to reach the level of $2,700 [per ounce] in one-two years to come. In the best case, we will be able to see this level even in the present year," he said.

The gold price will stand at $2,500-2,600 per ounce in the baseline best case, Dudchenko added.

Expectations of Fed rate lowering, the conflict in the Middle East, gold buying by central banks and inflow or outflow of money to gold ETFs continue to be key drivers of gold prices, Tatiana Galich from Renaissance Capital said. "According to our estimates, the average gold price can be about $2,300-2,400 per ounce in 2024 but we do not rule out a higher price level in case of more aggressive lowering of the Fed rate in the second half of 2024 and conflict escalation in the Middle East," Galich stressed. The pressure on prices may come from slowdown of economic growth in China and the US, which may entail in particular jewelry demand contraction, she added.
Posted at 18/7/2024 21:24 by kennyp52
Great board here and some interesting views and posts .. all leading to my conclusion the share price is depressed due to poor management over the last half a dozen years with constant jam tomorrow. I am holding as I think if they get it spot on this could easily achieve a 500p share price so a target of 250p seems reasonable in my mind. My gut feeling is the license will be granted .. it seems to be moving forward and all this investment indicates the director’s confidence .. surely they cannot be that incompetent!

If I have read it right .. I think they are proposing a doubling of the trial license mine throughput to 100ktpa?? The trucking issue is probably not such an issue given it seems they are transporting this amount anyway and there is a road !!??

There are no practical reasons why the final quarter will not hit guidance.

I just hope these guys produce the goods for once !
Posted at 14/3/2024 10:02 by kennyp52
Just asking Boris .. did your alarm go off in 2020 ? Near 100% accurate eh ? …

BorisJohnsonsHair - 28 Aug 2020 - 06:58:41 - 365 of 8818 Serabi Gold - SRB
On subject of dividends. When Coringa at 38,000 the FCF will be US$70M annually assuming $850 / ounce after AISC and 86,000 output total. They could easily issue a 25% dividend based on today’s share price. The share price won’t stay at these levels however the dividend for shares brought lower than 100p will still represent this level of yield. HAPPY DAYS. The future is sooo bright. The above ignores the mega game changing exploration. SRB a US$1B company = £13.2 share price. My previous estimates of 500p are too cautious.

If you was 97% accurate you would have bought your own island by now next to Branson .. but you are not are you ? Probably just a fantasy trader , lost so much in the past you get desperate to win when you actually invest in a share ? Desperate Dan is a better avatar for you .. although Boris Johnson is a serial liar .. so maybe that’s why you chose it ?
Serabi Gold share price data is direct from the London Stock Exchange

Serabi Gold Frequently Asked Questions (FAQ)

How many Serabi Gold shares are in issue?
Serabi Gold has 75,734,551 shares in issue.
What is the market cap of Serabi Gold?
The market capitalisation of Serabi Gold is GBP 74.98 M.
What is the 1 year trading range for Serabi Gold share price?
Serabi Gold has traded in the range of 33.00p to 101.50p during the past year.
What is the PE ratio of Serabi Gold?
The price to earnings ratio of Serabi Gold is 66.00.
What is the cash to sales ratio of Serabi Gold?
The cash to sales ratio of Serabi Gold is 1.18.
What is the reporting currency for Serabi Gold?
Serabi Gold reports financial results in USD.
What is the latest annual turnover for Serabi Gold?
The latest annual turnover of Serabi Gold is USD 63.71M.
What is the latest annual profit for Serabi Gold?
The latest annual profit of Serabi Gold is USD 1.14M.
What is the registered address of Serabi Gold?
The registered address for Serabi Gold is 66 LINCOLN'S INN FIELDS, LONDON, WC2A 3LH.
What is the Serabi Gold website address?
The website address for Serabi Gold is www.serabigold.com.
Which industry sector does Serabi Gold operate in?
Serabi Gold operates in the GOLD ORES sector.