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  6. Serabi Gold Plc (SRB)

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SRB

Serabi Gold Plc

26.75
-0.50 (-1.83%)
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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
Upgrade Icon
  -0.50 -1.83% 26.75 5,781 14:47:52
Bid Price Offer Price High Price Low Price Open Price
26.00 27.50 28.50 26.75 28.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gold Ores 63.14 9.95 13.10 2.10 20.26
Last Trade Time Trade Type Trade Size Trade Price Currency
14:47:49 O 5,559 27.00 GBX
Related Shares
Bhp (BHP), Rio Tinto (RIO), Shefa Gems (SEFA), Pembridge Resources (PERE)

Serabi Gold (SRB) Latest News

Serabi Gold News

Date Time Source Headline
31/5/202318:31ALNCNewsIN BRIEF: Serabi Gold sees first-quarter revenue rise but profit dips
31/5/202307:00UKREGSerabi Gold plc Unaudited Financial Results For Q1 2023
30/5/202309:00UKREGSerabi Gold plc Notice Of Agm
10/5/202311:56ALNCNewsSerabi signs deal for Brazilian exploration alliance with Vale
10/5/202307:00UKREGSerabi Gold plc Serabi Forms Exploration Alliance With Vale
09/5/202307:00UKREGSerabi Gold plc Directorate Change
03/5/202307:00UKREGSerabi Gold plc Audited Results For The Year Ended 31 December 2022
19/4/202311:54ALNCNewsSerabi Gold gets "very satisfying" production boost in first quarter
19/4/202307:00UKREGSerabi Gold plc Robust First Quarter For 2023
05/4/202315:00UKREGSerabi Gold plc Holding(s) In Company -- Tr1 Notification

Serabi Gold (SRB) Discussions and Chat

Serabi Gold Forums and Chat

Date Time Title Posts
02/6/202302:52Serabi Gold7,084
19/4/202317:41Serabi Mining - Gold from Brazil Now3,749
19/8/202107:09Serabi Gold 2013 re-opening Palito goldmine and potential regional consolidator7,929
24/9/201920:43Serabi Gold (SRB) Numbers Revealed4
24/9/201913:13Serabi Gold (SRB) One to Watch on Monday 92

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Serabi Gold (SRB) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
13:47:5027.005,5591,500.93O
12:19:0527.018823.77O
09:16:2527.0113436.19O

Serabi Gold (SRB) Top Chat Posts

Top Posts
Posted at 22/5/2023 22:29 by kennyp52
BorisJohnsonsHair - 04 May 2021 - 14:20:30 - 2675 of 7024 Serabi Gold - SRB
Gold going into the 1800s this week. 2000 soon after. 3000 by mid 2023.

Prob 200k production so 2050 clear = US$3.2B MCAP at PE of 8. Share price of approx 2500p. Plus say 1500p for the nee open pit mine. I see now reason why this won’t be £40 in a few years


That my friends tells you all you need to know the delusional BorisJohnsonsHair 🤷‍a94;️

I would suggest his TA is closer to 97.85% wrong 🙄
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Posted at 16/5/2023 01:07 by sherry35
Farrugia - Why buy shares now? You wait until the remaining 300K shares are unloaded into the open market by the disgruntled share holder as they drive it to 10p. That's when you buy. Right now they are maximizing their proceeds above 30p.

The question you should be asking is "Why did SRB negotiate another unsecured (ugh!) loan instead of the usual printing of shares?" Getting a unsecured loan is out of character as opposed to the usual private placement route. So, the BOD and exec team didn't award themselves stock options or rights in 2022 for cleaning up a 7 year malfeasance of treasury funds.

So, is there more to the financial audit then just reviewing the books? How wide was the scope of the investigation? Under the Corporation Act, all the SRB's documents belong to the shareholder. The only way to get transparency is to hire a lawyer and take SRB to court. I bet the folks at Vale know more than the "not in the know" shareholders.
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Posted at 24/4/2023 18:49 by farrugia
'As a result I now only retain a nominal shareholding; 6 months ago SRB remained my largest holding so you can imagine the damage wrought on my portfolio valuation over the last three years whilst the share price fell ~70%.'

This is not the time to have oversized positions. Last year was very painful for me just because of a few oversized positions I had. Last 2 years you would add the rule not to add to losing positions.
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Posted at 24/4/2023 17:51 by tiger60
TF you have always come across as giving a fair and considered opinion and whilst my doubts surfaced earlier, along with my exit from SRB, I share your pain in terms of how this investment has played out.

On paper there was so much in favour of us PIs seeing substantial rewards but a combination of bad management and governance has seen them score own goal after own goal against a backdrop of a gold price most saw as the driving force behind a re-rating.

I still watch with fascination but without Coringa there is little to drive any momentum. Even the much vaulted JVs have not appeared and even if they did MH called out any reward would be based on resultant works 12 months post signing.

The Amazon and what it envokes will always cause social conflict when mixed with mining. There is an article today on the bbc website about an indigenous lady and her fight against Anglo in Para and it doesn’t take a genius to work out where most peoples allegiances lie.

Too many mistakes combined with a growing social backlash will see investors run a mile. Good luck elsewhere. For what it’s worth I am in GMR (favourite), BEG and now CMCX based on fall back

My anger with management on the one hand is matched by posters such as GP ramping and encouraging others with half truths and self interest at the centre of his thoughts. The boards are for all however, you can have your own opinions but not your own facts. And the fact is, measured by the share price over a number of years, this has been a terrible investment
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Posted at 24/4/2023 16:08 by tightfist
Hi tiger, agreed. Undoubtedly the truth (whatever that is) lays somewhere in the middle but the company line has for me become increasingly tenuous over the last year and the articles from the Guardian and Unearthed stretches Company credibility to breaking point, IMO, regarding consideration of the indigenous people and territories; their rights, demands and aspirations..I find it challenging to foresee with such a complex historic web that an equitable and stable resolution can be found and accepted, compounded by the changing picture at national political level. As a result I now only retain a nominal shareholding; 6 months ago SRB remained my largest holding so you can imagine the damage wrought on my portfolio valuation over the last three years whilst the share price fell ~70%..I will be monitoring developments from a distance. GLA, DYOR, tightfist
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Posted at 17/4/2023 22:03 by sherry35
Lets look at the optics of investing in this company from a fresh face perspective.

1) New prospective investor receives a promotional investor report or bulletin on SBI/SRB. After reading the report ...
2) First thing they do is go to an investor Web site, like LSE, TMXmoney, ADFVN or Stockwatch, to look at a one or two year trading chart. They look at the MACD, RSI, ACUM/DIST and money flow indicators.
3) After they note SBI/SRB is a precious mining company producing Au, they look at a one or two year Au spot price chart and compare the chart for synchronicity of the share price against the Au spot price. They look for divergences and convergences.
4) Next, they look at insider holdings and recent inside buy/sales on LSE, ADFVN, SEDI or INK Research.
5) If your confidence level hasn't diminished by this point, you read the headings of the news release s for two years, and mine the news releases of positive (increased Au production, 32 g/t over 3 meters) and negative events lower production, misappropriation of funds).
6) Still looking like a great investment, check out the forums.

Given Au is on a tare, the one year SRB/SBI chart doesn't look good - especially the SBI chart with it's illiquid market. Both charts look retarded. The very fact that institution sold shares doesn't look very good. Why would you invest in SRB/SBI when there better race horses out there.

So, the market generally is right in the evaluation of a company unless you're in the know. The chart reflects the management of the company and its moves are based on positive/negative events. So, most prospective investor will stop at step 3.

If you got played, go talk to the person who played you. Not my problem. Not my fault. Again, most prospective investor will stop at step 3.
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Posted at 14/4/2023 12:06 by sherry35
HM - The problem with scalpers is their loyalty is to the UK pound. Yet the major share holders are measuring the wealth based on the share price [snicker] It certainly isn't on the 2019 NI43-101 report for Coringa mine only. How old is the Palito Mine complex NI report?

So, as more scalpers start unloading their shares, the naive? buyers dry up. Leaving the share price to fall short of 70p.
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Posted at 17/3/2023 09:11 by tiger60
GP how long have you held and at what cost? I don’t expect an answer but it is obvious over the last few years of posting that your predictions/pumps are inverse to the share price. Thus we can conclude that no matter what the facts, costs, issues, legal irregularities you will pump this. Your one eyed approach set against the documented share price proves you haven’t a clue how to invest.

This share price is stagnant at best until funding resolved. No reason to hold or buy. You deserve your loses but don’t encourage others
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Posted at 14/3/2023 02:42 by sherry35
GP - WOW. A whopping 200K pounds which covered either half years CEO salary or paid for the lawyers/auditors working the malfeasance. So, why don't you post the number of outstanding warrants and holders names in this forum. Post the insiders who exercised those warrants. We can use this as a KPI to measure the insiders' (faith in SBI) through their exercising of warrants and options.

Just perhaps the government auditors wouldn't allow for a private placement. The underway accounting forensics blocked all forms of secure funding (gold loan, placement, tin cup) or nobody was stupid enough to buy shares. My money is on the latter which saddled us with a $5.1M US >> unsecured << (UGH!!) loan. No person or organization in the right mind would agree to unsecured loan after the Serabi CFO (and now director) blind-fully allowed $1.3M US malfeasance to occur over 7 audited years. Plus there is a local police investigation into the missing funds.


And, what about the years prior to the audited 7 years? Another $250K US missing? So, who actually backed the loan or does the Brazilian bank employ ID10Ts?

The valuation is based on today's closing price and the last two weeks of TSX volume. The share price closed at 30p while POG is north of $1900 US. The SBI volume on the TSX is drier than the Sahara desert. SBI share price is heading south.

All you've documented is executive team scrambling for money during the forensic audit that just so happened to overlap with C19.

Game. Set. Match. Please jog on you armchair scalper. You're the only one making money along with ...
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Posted at 30/1/2023 17:19 by sherry35
GP - I mentioned "opportune time to tap the market" late last year and I was told put a sock in it. Do you want to post the time thread like I did for the denial of the two buyout offers? I leave it as homework for you.


Every-time this company screws up they dilute the stock. This is ok if you have the inside track (i.e. right side of the trade), and pimp the PS. Must be nice.

If they announce a share placement, I suggest checking the short interest. After being invested in this company 10 years, you can predict the actions of the executive team. The rise in the SRB share price is someone buying it up, waits for the share placement, and then shorts it. Based on this company's track record, no retail trader would stock this piece brown odoriferous matter.

They could of sold to the Au miner with 110K Au eq. ounces and YUGE CASH FLOW. Cash flow that would have three producing mines in Brazil with Sao Chico ore stream still in production. All the investors would of benefited from this.

Please explain w hat is so special about the CEO and CFO. I'd like to know how these two survive given their unique management of this company.
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