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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 -0.8% 62.00 61,086 12:22:48
Bid Price Offer Price High Price Low Price Open Price
61.00 63.00 62.50 62.00 62.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 45.20 2.89 4.91 13.2 47
Last Trade Time Trade Type Trade Size Trade Price Currency
16:15:53 O 5,063 63.00 GBX

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Serabi Gold (SRB) Top Chat Posts

DateSubject
29/7/2021
09:20
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 62.50p.
Serabi Gold Plc has a 4 week average price of 62p and a 12 week average price of 62p.
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 73,789 shares. The market capitalisation of Serabi Gold Plc is £46,955,421.62.
27/7/2021
16:30
trader465: 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 !
25/7/2021
12:12
tightfist: Hi tiger,.There is a lot of meaning in those well-chosen words, particularly regarding RoM ore production and the Ore Sorter coming back on line - they seem rather quiet about this aspect? And I agree about seemingly conservative guidance if they are to be on-track to deliver 45k in 2023..I agree about the intrinsic value of MH, and am less sceptical about CL having met him a few times and seen how we have emerged to now be debt-free and out of the clutches of Greenstone and Sprott. I am more sceptical of the Brasilian resident COO - his role seems completely opaque and what may be his accountability for the accounting issues? I will be looking for clarity in that regard..In the latest June presentation the website says - Coringa: "Development planned for H2 2021 with 2-year ramp-up" so I will be content if the site becomes operational with ore stockpiling in Q1 2023 but still some months away from commercial production..(Incidentally, the presentation states that on PEA assumptions, adjusted for June economics [$1,850 PoG, 5.12 Rs/$], Coringa alone should deliver an NPV of $175m..... that says a lot)..Regarding a potential JV with a major, let's not get carried away too soon. I am thoughtful about comparisons with HUM's Dugbe earn-in agreement with ARX (announced in June 2020) that could lead to a JV in two-three years time. The HUM share price rocketed by 63% for two months but over the last year has reduced by 52%; if this is a valid comparator it's hardly inspiring? Over the same period SRB share price is down 46%..Onwards and hopefully upwards! tightfist
24/7/2021
08:42
tiger60: Throughout the history of SRB there has been a chasm between the forward statements and actual delivery. For this to move forward we need to hit our targets including development schedules. If Coringa is operational Qtr 1 2023 I would be more than a bit relieved to say the least. For me and this is a personal opinion we need more board members with high industry standing and a history of meeting project milestones per forecast. So new blood would be beneficial especially with neither MH or CL having a vested stake - why should others invest if there is the obvious anomaly of MH calling out the shares are undervalued but will not buy the shares himself over the last 5 years? (Addition: However, I expect there is no one that knows more about the tenements and structures below them than MH and if he were to be replaced then there would be a further period of share price disruption. So the best result, from my perspective would be a new face to work alongside MH - CFO COO can go - rather than wholesale change if we are to reverse the share price trend - rock and hard place comes to mind) In addition, it makes me a bit annoyed when I see the corporate presentation call out we are a stable 40,000 oz producer when we achieved that feat once and even then only by a few ounces. Those obvious things though trivial add to a feeling of mistrust. We are also in a macro rotation that has hurt all goldies so any reversal of this trend will automatically lift us but at a micro level (again only my opinion) a JV with a major - assuming fair terms and if the expo proves up a viable target - would be the catalyst to cheer us all up. I believe it will happen but I think we will need further patience on the expo front and then detailed analysis to present an attractive proposition. However, as we wait the share price drops and an immediate boost would most likely come not from a picture at Coringa but confirmation enough ROM has been achieved to trigger the start up of the ore sorter, thus indicating a return to 10,000 oz quarters and result in us surpassing what is a pretty conservative annual production guidance figure.
21/7/2021
12:20
tightfist: Hi GP,.Agree with all of that, rather that we have a prospective staircase of incremental catalysts/opportunities rather than a step-change! And that is also my hope for the share price movement.....On a previous post I see mention of Amarillo Gold; however they are at the other end of the country, so very limited synergies? And they require a lot of Capex, around $145m for Posse project. I do like their recent presentation style, especially Permitting process on slide 13..I am more attracted to the scale and proximity of partnering with TSXV Cabral Gold (the country manager is ex-Serabi COO) who are an exploration company situated in Para State, further along the trend corridor ~120km NW of Palito/Serabi, and seem to have an annual appetite of ~£5m cash consumption - MC is £35m versus SRB at £49m..Any other suggestions? tightfist
16/7/2021
08:25
cotton4: Pleasing update yesterday with production ahead of budget and especially grades increasing. Coringa licencing on final leg and exploration roaring forward with additional rig. MH, in normal optimistic manner, has taken short term targets as given, but given the share price does not reflect current operations, the team needs to keep an eye on the here and now. Give that cash is king, the healthy cash balance is a real positive. The point that I take out of the video was that he intends to go back to Brazil early August. To oversee the start up at Coringa? and or to kcik butt of these forensic auditors so that we can get a set of accounts as promised in August. It has already been stated that there will be no material adjustment to earlier periods and there is no black hole in the accounts, so the results for the half year should be a substantial improvement on 2020 given the pog and the exchange rate. No doubt several are waiting for the results before they invest in SRB. Given the low sp, they can afford to wait knowing there will be further upside after the release of the accounts.
29/6/2021
11:45
tightfist: Hi tiger,.Thanks for your great considered post three days ago - appreciated by me and others. Setting aside the accounts issue (for the time being and future fraud prevention measures, the uncertainty of which is clearly unhelpful for the sp), the heart of the issue still seems to be that SRB/SBI is currently valued as an unproven would-be expanding producer in a fickle gold market. .To achieve next year's guidance of 45k Oz they will IMO clearly need the RoM increased and the OS brought back on-line - "When" rather "If" is the question and my hunch is that it's imminent.... The H1 results should provide more insight in mid-August..Personally I read last year's Major interest as their pure opportunism; I don't perceive MH as an egomaniac. IMO I am confident that MH and Banad?s will be looking for a deal that fully realises shareholder value and provisions Human Resources - the exploration programme is their way of achieving that and has encountered unrelated headwinds regarding the share price IMHO I foresee a JV that pursues an Open Pit operation (and leaves the more artful narrow-vein and Ore Sorting operations with Serabi, especially after their predecessor's prior history of excessive, disasterous dilution when attempting upscaling). .To trigger that elusive share price Bounce we surely need the Accounts issue fully resolved, a credible outlook for this (and next) year's production and a reasonable outlook for PoG. The Coringa licence and portal can come a little later, as could a Major partnership or AA tenement access deal..IMO there's a lot to play for, and we need to dig-deep for patience to see us through the next few months - just as Miton did - but DYOR!.Good luck to all holders, tightfist
26/6/2021
11:34
tiger60: Hi TF, that’s where I hope they are going and the only reason not to are the commercial terms but it would be great to hear official news on this. Maybe you are right and a tad early, but there was an approach last year that was turned down although the details are sketchy. The issue is MH has got what he wants in terms of cash and the expo programme he dreamed of (at the cost of diluting holders). However, even though the expo results are good they have not added any value in terms of the share price We know goldies across the board have fallen over the last month but the majority started at a better place so the fall is less costly to holders. We fell from 92 to 75 over the weeks before a placement at 75p was completed. Amazing coincidence! Now 75 to 64. Now we can argue look at the cash, look at the potential, look at the assets and yes that is great and why I continue to hold. I can only wonder if others do not have faith in the Coringa license being issued this year, or elections next year likely to throw out a pro business president and well deserved it would be based on his policies (did anyone see the bbc article midweek on armed gangs muscling in on artisan gold sites in the Amazon shooting up villagers with little government response?). There is a hefty dose of scepticism on the delivery front. And if 6 months of expo results have achieved zero impact on the share price what will 6 more months do? Again the counter argument is more upside for the brave, but holders who are not diverting any more funds to a falling stock only hope to get back in the blue. I am disappointed that we are only set to meet production guidance as I thought it was rather conservative but with no word on the reintroduction of the ore sorter maybe best we can hope is for 36,000. Also we need that fourth drill let alone the phantom fifth one, that is now never mentioned, in order to meet development targets (down from 32 to 30) In addition, there is is disappointment that we were advised SRB were confident a few weeks ago that the accounts would be issued by the end of June only later to be advised we hope to have them by mid August. Quite a change. I can only hope talks of a partnership to exploit new targets are not too far away as we need to have the humility to learn from the majors and reign in MH’s ego that we can go it alone. But I am struggling to see what will instigate a bounce here in the short term if not the gold price. One look at the chart above shows the silent majority are not convinced. If it were down to me I would hire the best COO and bite the cost, along with a new CFO. We need credibility and fast. In the absence of such action, which I really don’t expect, let’s hope we are at levels where by there is a switch of outlook from seeing a stock still compromised by recent issues to one that should be viewed on the basis of its positive cash flow, low market cap, strong balance sheet and exciting future. That story is for the directors and broker to convey in a manner that should directly correlate to the share price moving in the right direction. So far the story seems to be placed in the fiction section rather than non fiction section so to speak. Let’s get that switched around.
08/6/2021
14:52
tiger60: We can't complain about the number of RNS releases and follow up interviews etc but ultimately rather than providing clarity and confidence it seems to have provided a muddled and often contradictory message I am hoping the fall is due solely to the ongoing issue with the financials and nothing more sinister (but the fall in the share price from 92 to 75 leading up to the placing was sad to see for any holder and a concern). Without access to Qtr 1 financials it is hard to extrapolate estimations further into the year. Very keen to see AISC costs which at 8,000 production should remain high but hoping for 9,000 qtr 2 and associated fall in AISC. Qtr3 and 4 should be circa 10,000. What they are failing to do is translate all of their expo and development efforts into confidence that this is a business going places. And with gold on their side and positive cashflow that seems to be a hard message to mess up. They need to regroup and reassess their communications and strategy to go it alone. Looking back this has underperformed for a while in terms of the share price and with the placing there can be no complaints as to cash restricting ambition. So it is now or never. I wonder what Miton are thinking but SRB need to reinvigorate the market with a believe that the path to success is solid and not too far down the line.
26/5/2021
10:55
tightfist: Hi PPVN, I also foresee the current situation will in hindsight will become a NADIR, when the execs understandably become the target of our frustrations, along with a moribund share price...... For inspiration look back at Summer 2019 when patience ran out, Kingsman/Anker and Garraway ran for the door, and the 30p opportunity that created......If we really need to offload our ire, I would be tempted to enquire in the direction of Roney Almeida, the Brasilian SRB COO for the last three years and understand more about his accountabilities. He maybe his finger should be on the local pulse?.BTW I think they briefly mentioned recently bringing in a drilling rig from Australia, which suggests how tight the equipment market has become? Take a look at the 3-month share price of Capital Ltd......DYOR! Cheers, tightfist
21/5/2021
08:53
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 !
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