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
  1.00 1.42% 71.50 0.00 07:34:51
Bid Price Offer Price High Price Low Price Open Price
69.00 74.00 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 33.92 -3.79 -8.78 42
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.00 GBX

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Serabi Gold (SRB) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-12-11 12:31:4971.64688492.88O
2019-12-11 12:04:3371.642719.34O
2019-12-11 11:00:4671.605,0003,580.00O
View all Serabi Gold trades in real-time

Serabi Gold (SRB) Top Chat Posts

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 67p and a 12 week average price of 67p.
The 1 year high share price is 92.50p while the 1 year low share price is currently 23.70p.
There are currently 58,909,551 shares in issue and the average daily traded volume is 33,201 shares. The market capitalisation of Serabi Gold Plc is £42,120,328.97.
loganair: Very good interview, 36 mins long - main points: 1. Ore sorter for Low Grade Ore - Palito: - Full benefits from January 2020. - Saves $1mln in production costs per year. - Liberates 20% in the plant so able to put through more high grade ore which means an increase from 40,000oz to 50,000oz of gold mined. Almost all this extra revenue goes straight to the bottom line as profit. 2. Currently forecasting to make around $4.5mln profit for 2019. (Did not mention what price of gold for this forecast.) Coringa: 1. $25mln to bring in to production which includes a 20% contingency. 2. AISC $800 to $850 per oz which will bring down the total ASIC for all gold mined to $900 to $950 per oz. 3. Already have the cash in the bank to make the final payment on the purchase of Coringa. 4. Will bring Coringa into production with debt. Once Coringa in full production base case SRB mining 80,000oz per year and up to 100,000oz Not looking for any further M&A until Coringa is fully up and running. When looking for any M&A looking at Open Pit for scale and to bring costs down. 85% of SRBs expenditure are in local Brazilian BRLs. The two companies that dumped their SRB stock causing the share price to fall to 23p was an absolute blessing as was good for the liquidity of SRB stock as was pick up by retail investors going from 9% to now owning 17% of SRB while the other 83% is owned by long term institutional share holders. Lots more steam left in the SRB share price.
morethanme: I think that the reason for the share price lies in the timing of the forced seller. By bringing down the share price to the lows of 24p during May, just before gold sharply rose to the $1500s, the 3 fold increase in share price of Serabi looks like a response to the gold price increase. When in effect it was merely a correction in price after the forced seller's shares were cleared. This is the reason I chose to invest in Serabi at a price of 70p after it had nearly increased nearly 300% from 24p levels and looked overbought. In effect it has yet to participate in the gold miners rally on the increased gold price. If you look at the value of the company when gold was $1280 /Oz (excluding any value from: Coringa, exploration and the ore sorter): Serabi producing 40,000 Oz/year - Assuming: AISC of $1100 /Oz - Profit of $180 /Oz Annual profit of 40,000 * $180 = $7.2m (£5.9m) With a P/E of 8 gives a market cap of $57.6m (£47.1m) With 61.6m shares, a share price of £0.76 So right now Serabi is valued as a producer of 40,000 Oz at gold price: $1280, with no value given to the increased $1500 gold price, Coringa, the ore sorter, or future exploration. I plan to sit on this share for however long it takes to see the market revalue Serabi accordingly.
sherry35: I find the Coringa "total resource of 514,000 oz @ over 7g/t" comes close to my share price calculation of $12.71 CDN using a 500,000 Au oz. resource for the entire SBI mining and exploration claims. So, I've underestimated SBI's Au resource for all the claims. The current share price is not reflective of SBI's book value. So, what is the total proven resource? 1M Au oz.?
loganair: It seems to me one of the main reasons why the SRB share price isn't much higher is because they consistently over promise on their production and the lowering of their AISC.
bomber13: I would totally agree that both Anker and Garraway are history as sellers of Serabi . Since both of their last holding announcements at the end of April , 14m shares of Serabi have traded or 24% of the company , which is quite remarkable when you consider that 58% of Serabi is tightly held by just two shareholders , Fratelli Investments and Greenstone Resources . Of those 14m shares , 4m were traded in the last 3 days , nearly one third of the 3 month total . As of end April , Anker held 1.698m shares ( less than 3% ) , and Garraway held 2.847m shares ( 4.85% ) , a combined total of 4.545m shares . Anker last reduced their holding in Serabi by 828/- shares at around 30p per share in late April near to the share price low . Given this level , and the subsequent run in the share price to 70p on good volume , it would seem highly likely that Anker are now out completely . Of course , they would not have to inform the market either . Garraway last reduced the 5% holding they inherited from City & Financial by 100/- shares only at around 40p in mid-April . Given the share price has been holding well above this level since early June , and as high as 70p on good volume , it is also highly likely that they too have managed to exit their holding entirely . In fact , the delayed trade yesterday of 1,041,500 shares at 45p has all the hallmarks of being the final tranche . We therefore have what is potentially a tremendously bullish technical and fundamental confluence in Serabi shares . Two large sellers are more than likely history , the Brazilian gold price is at record levels , and the Coringa PEA is hopefully about to transform the IRR .
loganair: Hearing both sides of the dividend discussion, I hope in 2021 SRB start paying a dividend as it will be a reward for the patient share holders. More money would come into SRB shares, meaning the share price will rise which will also be very good for SRBs larger share holders.
loganair: When the SRB share price dropped from the mid 40ps to the mid 20ps was very easy to buy as many as one wished compared to before the drop.
loganair: Serabi did say that their share price fell to below 30p because there was a forced seller and that the fall had nothing to do with the fundamentals of the company. With so few shares in the open market any forced seller would cause an unwarranted dramatic fall in Serabi's share price. This is why at 31p/32p I quadrupled my holding in Serabi.
loganair: g7 - I think you're being rather overly optimistic when it comes to where you think the Serabi share price will go with in the next 12 to 18 months. I think double the current share price will be a fair share price for Serabi at the moment.
loganair: Interesting to see how many analysts have now moved on to looking at forecast 2020 earnings for companies...Serabi's forecast 2020 EPS is over 11p per share. The average miners share price is 6x EPS which would give Serabi a share price of 66p with a strongly growing miner at 8 x EPS would give Serabi a share price of 88p.
Serabi Gold share price data is direct from the London Stock Exchange
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