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SRB Serabi Gold Plc

3.00 (8.33%)
07 Dec 2023 - 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
  3.00 8.33% 39.00 458,726 14:04:33
Bid Price Offer Price High Price Low Price Open Price
38.00 40.00 39.00 36.00 36.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores USD 58.71M USD -983k USD -0.0130 -30.00 29.54M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:24:20 O 88,888 38.1056 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
2023-12-07 16:39:0938.1188,88833,871.31O
2023-12-07 16:24:2138.7210,0003,872.00O
2023-12-07 15:51:2838.702,7951,081.67O
2023-12-07 15:43:1638.6510,3604,004.24O
2023-12-07 15:23:0839.906,2242,483.38O

Serabi Gold (SRB) Top Chat Posts

Top Posts
Posted at 06/12/2023 09:51 by loganair
Once Serabi is issued with a full licence for Coringa could easily see a doubling of the share price in short order...the question is will Serabi be issued with said seems to me reasonable to say there is more than a 50/50 it will be issued...however there is still uncertainty about the licence for Coringa hence the current abysmal share price.
Posted at 01/12/2023 17:21 by loganair
t465 - Has to be an 'If' as we live in a world of Uncertainties and other situations may occur.

It seems to me reasonable to say it is highly likely that the gold price will reach all times highs during 2024 and $2,300 to £2,500 is far from out the Question. In this circumstance it is probably that Serabi's share price will be 100p some time during 2024 and 150p is not out of the question....And not one 'If' in site.
Posted at 27/11/2023 17:05 by tightfist
Yes, in the past I have reduced SRB and added to GDX/GDXJ. When one is on the way down the other is on the way up - why not! History indicates there is often a pronounced phase lag between Mega-cap and Junior miners share price upwards movements.
Posted at 14/11/2023 10:08 by kennyp52

Highest price paid: 103.00p
Lowest price paid: 24.65p
Weighted average price paid: 67.48p
Highest price received: 105.25p
Lowest price received: 57.00p
Weighted average price received: 83.29p

Show us yours Boris 🤷‍a94;️
Posted at 13/10/2023 08:40 by borisjohnsonshair
Q3 News next week, could be Monday. The 16th is already after last years update. SRB have issued approx a dozen of positive updates over the past year or so. They had no impact on the drop in price, to an utterly bizarre MCAP. The tide has turned and each new update will cause a nice rise. The news should be thicker, faster and even more positive and the rise as spectacular as the collapse. When the price rises to ATHs shortly 115p all the valuation metrics will be far superior - cash, debt, production, grades, lower AISC, gold price, resource, JV with Vale, license and associated derisked doubling of production, further green and brownfield discoveries. Then the price will double and triple from ATHs, except, it won't. SRB will be acquired in 2024 as admitted to Crux this week.
Posted at 07/9/2023 17:34 by golden prospect
Expecting SRB to get picked off soon but let's hope not by MND, especially given their share price in the last 2 years has declined from a peak of CAD$3.75 to current CAD$1.55

Serabi sit pretty with undervalued assets and profitable activities.

Much to like.
Posted at 07/8/2023 20:29 by sherry35
There will be NO drilling news from Vale for at least another year to 1.5 years. They will be conducting geophysics in the first year and modelling all the drill results from Vale/SRB drilling. And like I said before you ID-10-T error, Vale doesn't want the share price to rocket so they'll keep the drill results secret until they announce phase 2 drill program or they'll hand the permits back to SRB.

Interesting enough the FORMER 5% holder seems to have little faith in the company at this moment. Were in August now which is good time to buy into Sept. I'm waiting for the swooooooooooooooooooosh of the remaining shares that will drive the share price to 10p.
Posted at 05/8/2023 08:49 by loganair
Many gold miners now have their AISC higher than the current price of gold as gold miners in general have seen their AISC rise by $200 to $400 per oz over the past 18 months

The average cost of mining gold in the world today is circa $1,600 per oz.

Many Silver miners, even the biggest are now operating at a NEGATIVE FREE CASH FLOW.

Looking at Serabi I notice how their share price is at their highs when they have a POSITIVE FREE CASH FLOW.

Currently Serabi's FREE CASH FLOW is NEGATIVE = why the current share price is where is is today, at all time lows.
Posted at 01/8/2023 23:21 by tiger60
But they get to profit from their own historical poor management. Not many would argue against the opinion that the management is at least partly to blame for the poor share price performance and it seems rather hard to swallow to reward them based on bringing the share price up from such depressed values that they caused. If they had done their jobs SRB wouldn’t be in this mess.

Why should they benefit from any rise in the share price but no penalty for falls. What if gold surged and through no input from themselves profits rise but they get the benefit at PIs expense.

With no Ore Sorter or crusher at Coringa until 2024 there is little upside to look forward to in terms of exceeding production guidance which looked conservative at the start of the year. It has been a long road for many - who would of thought production would be at 33,000 when a few years ago they proudly called out they were a stable 40,000 oz producer. It is plain execution of strategy has been failing again and again
Posted at 18/7/2023 08:58 by loganair
Serabi will most probably mine somewhere around 33,000oz this year and maybe 35,000oz next year.

I struggle to see Serabi getting up to 40,000oz any time soon, with in the next few years and this is what the current share price is telling us.

If the market truly thought Serabi would be mining 60,000oz per year with in the next 2 or 3 years then the current share price would be a lot higher, well north of 50p, maybe even approaching 100p.

In mid 2020 Serabi's share price topped 100p because the market truly though Serabi was well on its way to becoming a 60,000oz gold miner and as soon as this became a myth the share price has dropped and continue to drop ever since.
Serabi Gold share price data is direct from the London Stock Exchange

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