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
  -0.50 -0.71% 70.00 186,758 16:35:10
Bid Price Offer Price High Price Low Price Open Price
69.00 72.00 70.50 70.00 70.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 45.20 2.89 4.91 14.7 53
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:10 UT 3,000 70.00 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 70.50p.
Serabi Gold Plc has a 4 week average price of 60p and a 12 week average price of 45.46p.
The 1 year high share price is 117p while the 1 year low share price is currently 45.46p.
There are currently 75,734,551 shares in issue and the average daily traded volume is 1,341,058 shares. The market capitalisation of Serabi Gold Plc is £53,014,185.70.
stevedaytrader: The "tool with a tool" Trader536 is at it again- fighting again with his myriad of people who keep calling him out for the plonker he is. Reminder of some of his crackers: 1)"wake me up when FRES gets to £20", 2)"CEY sub 100" (even after reading the RNS, and of course it rose. 3)and here with "SRB will be 20" and it rose ~20% the next day 4)"CEY at 80p"... 5)AYM on 10th Mar2021 "AYM have plenty going on to push the share price far higher..... "- price then ~6 now 3.77.... And that's just a few! He really is an expert :-) :-) :-).
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 !
trader536: SRB share price has been a slow motion train crash, woof woof 🐕
tightfist: Gold investing sentiment has been going downhill since August (SRB notably later) and consequently SRB share price has a strong headwind. Chart support now compromised and increased production-related timescales are extended. Nothing that odd - IMHO we need to chill and be patient, maybe until at least the H1 numbers, unless we receive more miraculous exploration results..Rightly or wrongly this week's dilution may not have helped in the short-term? Cheers, tightfist
bomber13: With the gold price in Brazilian Reals having more than doubled in the last 3 years , and Serabi's shareprice having stood still over the same period , it is easy to view yesterday's US$17.5m placing at 75p with a degree of frustration and cynicism . The simple truth is that Serabi is at a major turning point in its history , and , in order to deliver on its commitment to a future total gold resource of 3m oz ( currently circa 1m oz ) , and being a 100/- oz pa gold producer , this funding will give it the wherewithal to eliminate debt , kick start Coringa , and pay for an aggressive 32000 metre exploration drilling programme on Serabi's highly prospective acreage . Project finance of up to around US$20m will also be sought for Coringa once initial underground mine development has derisked the project for lenders . On its own , the exploration programme holds great excitement particularly at Serabi's Sao Domingos , Calico , and Cinderella prospects . Significantly , it should be noted that Greenstone Resources has taken stock in the placing so that it remains a 25.2% shareholder . Greenstone bought into Serabi in April , 2018 at 72p per share , so in nearly 3 years it has yet to make a proper return . Given its private equity mandate , the fact that it was not prepared to be diluted yesterday speaks volumes for its confidence in Serabi's future production and exploration . Serabi's largest shareholder , the Fratelli family , held 32.7% pre-placing , and presumably goes to around 25.5% post placing , which means that the so called free float is much healthier than before , and , according to our CEO , yesterday's new shares brought in " some very strong names " to the register . Although director participation yesterday was non-existent , this may have been because of close season constraints with the Q4 and 2020 figures due so shortly ? Notwithstanding that , it is interesting to note that both our CEO and FD have large option positions outstanding , 900/- and 650/- respectively , some exercisable at 75p and some at 85p , therefore barely in the money . Indeed , the 75p options expire on 1st July , 2021 , which is a major short term carrot for the 2 principal executives . Serabi's January presentation highlighted the relative undervaluation of Serabi's share price versus its peers , on which basis it was surmised that the shareprice should be nearer 400p once Serabi is doing nearly 100/- oz pa of gold production . With yesterday's funding in the bag , the odds of getting there have certainly shortened .
cotton4: Like you Tightfist, I am gobsmacked and trying to absorb everything. I always maintained that SRB was undervalued, even at todays pog and couldn't understand why the share price fell so much. Put it down to sentiment and the recent fall in pog. With pog at $1700 and sales of 36000 oz, I still reckon the share price should be nearer to 1.75 as opposed to 75p. and thats without Coringa. With the major shareholders on board, we retail investors have little clout other than hope this placing gives them the springboard to at last realise real value from their tenements. Up until now I have placed a lot of faith in the credibility and ''honesty'' of MH and CL. That has taken a knock so its up to them now to deliver.
imastu pidgitaswell: Some discussion last week on this issue - might well be affecting SRB share price (and other small caps) short term: And some update today.
backinblack80: tiger60, like I've been saying...we are not in the loop!! My analysis is that SRB are not attracting any new Investors because their PR is a major fail. Hence the share price This BOD need to start marketing the Company properly and soon! If SRB were more vocal and announced, properly, the recent stellar results I reckon the share price would have at least doubled! tiger60, what do you think??
tiger60: The question here is what will be the catalyst for the re rate the management believe is due as illustrated in the presentation? We have seen peers double, treble and more over the last year but the year on year movement here is negligible. Are we waiting for the gold price to perk up? Although this will benefit all producers so not company specific. Movement on Coringa and final license approval? Doubt it as pretty much a formality and timelines 2 years down the track for production have been published. Exploration success? Well the news just two weeks ago whilst very positive has done little. Increase liquidity? Well again this is a mgmt target and Mello etc helps along with other planned activities but still nothing has resulted in a rerate of 150p the last presentation calls out. A farm in or buy out by a near placed major would of course do it but that is above and beyond SRB’s current situation. By that I mean that would be the investor dream but the rerate referenced in the presentation is deserved based on the current state of the business according to mgmt Is it purely down to market awareness of SRB, a weariness of deep vein mining ventures with small confirmed resource and relatively high AISC, or simply due to a management that historically have failed to meet forward statements? Looking at the good and the bad I tend to agree a rerate is warranted but any views on the trigger because it has been a hard watch when comparing to some other miners. It is only when other investors agree, whether retail or institutional, above and beyond current investors that that process can begin. So what is the trigger? As a small indicator the number of new contributors to this board over the last year is in single figures. New broker? More presentations? Or do we have to wait until the company consistently meet targets? Maintaining share price growth momentum is key Just to add for the mgmt to call out a disconnect between current valuation and the markets failure to recognise a fair valuation to peers seems a bit ironic to me.. As the intangible that’s is mgmt experience is a significant consideration. Personally believe the latest presentation calling out stable 40,000 annual production (only achieved in one year 2019) and the estimated production for 2021 circa 36000 is maybe one factor holding this back. But overall happy to hold and expect the narrative to change.
tiger60: You are correct exploration does not immediately 'put money in the bank and pay shareholder dividends or finance expansion' but more importantly for me it can result in an increasing share price and to be honest the share price is the most important number for me. I am not looking to be a long term holder here (although I have started with that intention on a number of shares and still holding after a few years). So ideally for me (and not necessary others or even the company) I would like to see a joint venture with a major if - and it is a big if - a viable open pit accessed resource is identified and firmed up. I also think that the gold price is good for this year but worried about bond yields there after.
Serabi Gold share price data is direct from the London Stock Exchange
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