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
  -4.00 -4.35% 88.00 222,714 15:40:03
Bid Price Offer Price High Price Low Price Open Price
87.00 89.00 92.50 88.00 92.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 45.20 2.89 4.91 18.4 52
Last Trade Time Trade Type Trade Size Trade Price Currency
17:07:50 O 8,000 88.00 GBX

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Serabi Gold Daily Update: Serabi Gold Plc is listed in the Mining sector of the London Stock Exchange with ticker SRB. The last closing price for Serabi Gold was 92p.
Serabi Gold Plc has a 4 week average price of 88p and a 12 week average price of 76.50p.
The 1 year high share price is 117p while the 1 year low share price is currently 43p.
There are currently 59,084,551 shares in issue and the average daily traded volume is 84,211 shares. The market capitalisation of Serabi Gold Plc is £51,994,404.88.
sherry35: BJH - You are the eternal share price put of SRB. Similar to the fading Trump SP500 put. All - The open pit and farm-in is a teaser for attracting money or partners. In the absence of drill results, majors walk away. I would. Just perhaps MH is making some gutsy moves in using his visionary skills: 1) to upgrade the SC license to "full"'ish mining. Apparently quicker than the Coringa license. Sweeten the deal with jobs to "relatives" of decision makers. They'll need more staff with a larger operation. This may move things along. 2) do a farm-in with AA on the strawberry jam [of the donut]filling permit owned by AA permit. That's to answer the question who has the goods AA vs. SRB vs un-identified entity. ELD will being watching this. Drill staff and woners have a grape vine. 3) DRILL THE PERMITS! Already part of the plan with the drill slide. 4) Coringa is Dec 2022. To far down the road given the permit ladden process. tighfist - Thank you the COO education. Sorry for touching a nerve. Need a answer on SC ore sortability but certainly not a priority given the logistics grease in Brazil.
sherry35: tightfist - Not buying anything that is announced by SRB with a Greenstome employee on the BOD. With Au heading north, the (Greenstone) SRB director will push and greenlight the CLN draw down. Ultimately in the end, the Greenstone employee is accountable to the investments held by ... drum roll ... Greenstone aka Greenstone's own investors. In fact, I read between the lines when it comes to SRB's published documents. . The mining industry, with it accompanying investors, are staying away from SRB. And, it has nothing to do with Au in the ground!!! Time to restructure. . The dog'n'pony presentations have been stripped from the SRB Web site. Based on your professional experience, how does reflect upon a company's core value (e.g. teamwork, customer service, innovation). Nobody is willing to invest in this company's future due to lack of drill results. Somebody is profiting from this but it's not the current share holders. . To date, there has never been any online or conference port quarterly financial meetings with investors. Why? Afraid of the hard questions?
sherry35: Recap of my metrics for SRB/SBI Metric #1 Open ========= I've taken the liberty of using a P/F/A style status report to measure the 2021 drilling performance being managed by the SRB executive team. The planned (P) drilling metrics came directly from slide 12. I counted all the squares (drill targets) on the chart for each of the 8 regions at the PC. To reiterate, the planned (P) drilling targets came from slide 12 of the Nov 2020 SRB investor presentation once residing on the SRB Web site. The forecast (F) drilling targets will be sourced from any document released by SRB. The actual (A) drilling results will come from the NI report. I solicit the forum for feedback on the planned (P) targets. upload picture online free Metric #2 - Failed ========= All published investor presentations to date will remain visible and accessible from the SRB company Web site for the next 2 years. Metric #3 - Open ========= All required permits for the Coringa mining operation will be obtained by 2Q2021. ------------------------------------ What's the plan?
sherry35: bomber13 - With share price moving north, do you think the executive team will seek BOD approval (with one director from Greenstone) to draw down the remaining CLS? In other words, Greenstone has controlling potential to bank some nice coin when selling the SRB shares at 20% plus profit with Au moving north. We've seen this twice before with the share price heading north and shares being dumped. --------------------------------- What's the plan?
tightfist: Hi Boris, this time I totally agree with you. I think most of us want and believe the share price should be heading higher but I am not for currently lashing out at the Execs - be very careful what you wish for!.So far this month SRB(£) is down 2.0%, whilst Gold($) is down 4.0% and GDXJ($) is down 6.7% which suggests SRB are doing somethings right! SRB has also significantly out-performed GDXJ over the entire year..Yes, SRB have their timing issues which I am sure they are addressing......Cheers, tightfist
trader536: Look at these ADVFN posts from 13 years ago. Sound familiar? Compare the market cap and the statements by investors, the stagnant market cap, and the increases in directors drawings ....... Ed 123 - 26 Jul 2007 - 14:59:58 - 753 of 3749 Serabi Mining - Gold from Brazil Now - SRB The second quarter results have been released. It reads very well. Output for the third quarter will be increased and the company is aiming for a big step up in 2008 (to 60,000 to 70,000 ounces). In 2007 output may be around 40,000 ounces at a cost of about $250 per ounce. This gives about £8 million of operating profit. Current market cap. is about £67 million fully diluted. Also, there will be loads more exploration (holding 273,000 hectares of land). SP should be higher, imho, but overlooked by the market. Ed 123 - 07 Sep 2007 - 13:23:08 - 767 of 3749 Serabi Mining - Gold from Brazil Now - SRB I added to my holding today. Seymour Pierce reiterated buy on 29 August 2007 - states it's on its way to becoming a mid-tier gold producer. SRB should produce about 40,000 ounces this year and its costs should be about US$225 per ounce. Operating profit could be in the region of £8 million in 2007. Current market cap. is only about £41 million. It has a good resource, over 700,000 ounces at about 9g/t. It also has rights to explore a large area adjacent to its current production. Institutions paid 43p per share in July 2007 in a placing to provide funds for increasing both production and exploration. The gold price appears to be on a strong run but SRB looks neglected at its current price. polaris - 11 Apr 2007 - 16:04:47 - 589 of 3749 Serabi Mining - Gold from Brazil Now - SRB We cant be more than 5-6 weeks away from the trading update for Q1..and maybe some more details on the exploration. That will give a good feel to how 2007 will go. The extra ball mill commissioned at the back end of last year should lead to an increase in milling throughput by 25%. With the work towards automated mining i would expect the head grades to fall a little during H1 2007 but this will be more than matched by the increased throughput. Q1 should yield around 13k Oz Au equivalent with average price in the 620-640$ range and possibly higher as they have small %ages of copper and silver in the refined ore and they have also seen good price increases over the last 6-9 months. I would hope that total cash costs (including admin etc - ie not mining costs which i expect to be less than $250) can be kept around the $300 per Au Oz equiv for the year and so my estimate for cash generation through the year is $17-18m. That is more than enough to fund resource drilling, expand and update mining equipment and to buy new prospects. Current share price gives a market cap around £50m. With the prospects for increased resources with the drilling program, this still looks pretty cheap. regards, Paul Stockologist - 08 Oct 2013 - 11:20:01 - 260 of 6139 Serabi Gold 2013 re-opening Palito goldmine and potential regional consolidator - SRB They could make the current Market Cap every year in cashflow soon i.e. prospect of getting almost your entire investment in this as an annual dividend !
cotton4: When the share price of a share falls like SRB's has, it is easy to blame management and I for one feel that, in this case, it is unfounded. Like companies around the world, SRB have had to deal with Covid19 and the uncertainties that brings. However if we step back for a moment and consider what has been achieved, I feel that the management have done well. They have kept the operation open, although at lower levels of production. They have reduced debt and have and are still making money at a level where imo this is not reflected in the share price But over and above that they have looked after their employees, and we are now in a position where staffing is coming back to normal. The feedback from the local meeting early in the year with regard to the Coringa licence was all positive and that reflects the trust the locals have in the current management. Going forward we will probably need that trust again in the future. Like others on here I am frustrated with the speed of developments but that is probably down to optimism on the part of MH which unfortunately has not been achieved in his timescales but missed due to circumstances outwith his control. Not his fault Covid19, not his fault the speed with which the licence came through. I have never met MH but to me he comes across as genuine. Historically SRB have been constrained with production limitations not mining limitations. With staff now coming back on site, they can now increase the amount of veins they mine and get back to more normal levels of production. Financially I expect that qtr3 has been similar to qtr2 from a cash point of view, with lower production compensated with higher pog. I expect qtr4 to be similar with any reduction in the pog compensated by higher production. This would result in SRB best year financially. 2021 should be even better, Covid permitting.
sherry35: The question bares asking. Will Greenstone (or affiliated entity) keep the share price above CLS strike price 76p? What would happen if SRB was yo draw down on the CLS with the share price trading at 75p, 70p, 65p, 60p? Would Greenstone short SRB to hedge against this situation? Just perhaps Greenstone (or affiliated entity) shorted SRB on the most recent 5 day drop. A lot of shares came out at a very fast pace.
tightfist: Hi Sherry, as part of their expansion SRB/SBI appointed a Brasilian national COO (Roney Almeida, RNS dated 20.09.2018) who undoubtedly has been coordinating efforts In-country whilst MH was confined to UK over the last 7 months. I'll leave you to take a remote view on his effectiveness during 2020 and COVID management. Personally I think they done well, so far, excepting the apparent "faces" glitch in August/September..The received wisdom is that the Tapajos has yielded 30M Oz of gold over recent decades. I have always been a bit sceptical but the scale of artisanal mining (eg the open pit of 20m x 40m depth, with a strike length of 1 km and some selected tailings at 14 g/t) has made it much more believable - a far different scale to simply panning in the downstream river bed! Who is to say what SRB will discover as they drill below and around those pits. More Serabi-style narrow veins or shallower open pit with sufficient quantifiable potential to attract a major? - we have to be patient and wait and see..By the way the Ore Sorter was brought on-line in March 2020 but taken off-line within weeks when the reduced RoM ore feed could be 100% accommodated by the process plant. I am eagerly awaiting confirmation that this temporary holding position has been unwound..The bottom line is that you either trust the management team, or not. A Gantt chart is all fine and dandy but only a very high level representation of what actually needs to be accomplished. I have hands-on managed a network of 6,000 activities - but only reported to senior management against seven milestone events. At the seventh milestone (typically after 40 months) my team were typically 5-10% over time - that track-record colours my judgement..Regarding the U.K. share price movement, I was reminded two days ago that the share price has just hit a 20% trailing stop level which undoubtedly has triggered some selling by TA followers - but is this actually a Sell or Buy signal.....?.Cheers, tightfist
sherry35: BJH - Welcome to SRB. It plods along a slow conservative pace. It needs new mgmt. share price heading south speaks to SRB's mgmt style. The Gnatt chart (project plan) on slide 9 of the investor presentation is lacking in follow through. For example, is the introduction of the ore sorter complete in 1Q2020. What does "introduce" mean"? Does it mean commissioned (into production)? The ore sorter was "introduced" during 1Q2020 but not commissioned into production. It was suspended at the end of 1Q2020 due to mgmt imposed C19 resource restrictions i.e. reduced staffing. Mgmt needs to identify another activity on the Gnatt chart for the commissioning of the ore sorter into production which is now 4Q2020. Maybe 4Q2021? What other activities are missing? Is the project plan (slide 9) indicative of inexperienced mgmt. team? Doesn't the mining industry have boiler plate plans for various mining activities? Take SRB's Gnatt chart (project plan) and compare it to other Au mining juniors that are in a expansion phase. Even the Crux interviewer dude is asking the question "What's the plan?" when he inquires about the top 3 priorities, or number one priority. So, if I'm asking this question and the Crux dude is asking the same question, are the majority share holder insitutions asking the same question? DAMN RIGHT THEY ARE!!! Lets compare production between SBI.TSX (SRB.LSE) and MND.TSX over the current year 2020. SRB's production will fall short by approx. 10%. However, MND just recently increased their production forecast by 7000 Au eq. ounces to average 100K au eq. ounces for 2020. In MND's case, C19 is a mosquito hitting the MND windshield at 100 km/hr. Are you starting to get the picture about the mgmt style.
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