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
  2.50 2.44% 105.00 135,782 10:36:50
Bid Price Offer Price High Price Low Price Open Price
103.00 107.00 105.50 103.50 105.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 45.20 2.89 4.91 20.8 62
Last Trade Time Trade Type Trade Size Trade Price Currency
16:20:16 O 10,000 106.60 GBX

Serabi Gold (SRB) Latest News (5)

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Serabi Gold Investors    Serabi Gold Takeover Rumours

Serabi Gold (SRB) Discussions and Chat

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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 102.50p.
Serabi Gold Plc has a 4 week average price of 100p and a 12 week average price of 81p.
The 1 year high share price is 117p while the 1 year low share price is currently 43p.
There are currently 59,084,551 shares in issue and the average daily traded volume is 75,561 shares. The market capitalisation of Serabi Gold Plc is £62,038,778.55.
golden prospect: Last Year Serabi reported on the second monday of the month, so Q3 results is a possibility on Monday 12th October 2020. Should be very strong cashflow and clues for ramping up in Q4. Compared to other gold producers the SRB share price is a laggard, especially when compared over a 3 year period, only 25% from 80p to 100p [on a revalued basis] whereas plenty of others have seen doubling/tripling and more.
sherry35: As predicted by myself and others, the license was met with a yawn. I predict another 3 months for next license. To close, SRB closed above 100p. I hope it's a test of support, and the share price moves north again. SBI traded a YUGE 100 shares so far.
sherry35: SRB share price holding up under pressure. SBI.TSX got slammed on low volume. BOT traders must be on a coffee break for the past 24 hours.
sherry35: SRB share price holding up under pressure. MND.TSX got predictably slammed again.
borisjohnsonshair: You going down everyday - £2 a pop? SRB share price rising nicely.
sherry35: tightfist, In follow-up to your comment "practicalities of co-working between Serabi and a potential Major", I believe it comes down to which company has the economical goods whether it's SRB, AA or both. Lets hope it's SRB which will give them bargaining power in the farm-in. I'm currently in this situation with MMA and a major known as Rio Tinto. You may have heard of the major ;) . I'm wondering if AA got access to some satellite geophysics. This is not uncommon. Do you think AA has to commit to exploration work on the permits to keep in good standings? . It appears from the Cabral Gold presentation, referenced in one of your prior posts, that AA permit ownership is west, south and south-east of the Palitao complex. See slide 7. hTTps:// The map does not clearly define SRB's mineral permits - just the mine locations. So, "Other Permits" would include SRB's mineral permits. So, I'm left with the impression that SRB's permits rub up against AA's permits give or take a Lara oddity. The thing to remember is slide 7 is not a living document so the accuracy of the mineral permit ownership is changing. AA could have acquired some of the "Other permits" or even better, SRB is acquiring the permits. I think SRB is working on permits north and north-west of the Palito complex. No proof. . The links on the Lara Web page, at the bottom, are dead. I'm certain SRB has probably reviewed all the documentation and drill cores. A acquisition like this involves a few months of due diligence before inking a contract. . I'm enjoying the researching and discussion. Enjoy your weekend. Go grab a G&T and relax.
trader536: Kenny my good friend, narrow vein mining typically produces huge volatility in grade, production, and AISC figures, and is therefore notoriously high risk. The whole SRB operation is reliant upon a single piece of mechanical equipment which could easily breakdown and cause a catastrophic collapse in the share price. You could wake up one morning to find the SRB ore sorter broke down or the mine closed due to the spread of covid. In my horse race I can move the finish line to where my horse is winning. Which other horse race can you end when your horse is in the lead?
borisjohnsonshair: On subject of dividends. When Coringa at 38,000 the FCF will be US$70M annually assuming $850 / ounce after AISC and 86,000 output total. They could easily issue a 25% dividend based on today's share price. The share price won't stay at these levels however the dividend for shares brought lower than 100p will still represent this level of yield. HAPPY DAYS. The future is sooo bright. The above ignores the mega game changing exploration. SRB a US$1B company = £13.2 share price. My previous estimates of 500p are too cautious.
trader536: Nothing is down except the SRB share price. Look at the figures in the news my dear friend
tightfist: Hi Sherry. After yesterday's SRB RNS on the tenement acquisition and your note re: AA, I have looked further at the trend corridor and the three obvious players within..Eldorado Gold (MC $1.5b): In 2016 "Construction decision deferred pending receipt of permits, improved gold price outlook and progress of other priority development projects". This is a link to a 2019 Technical Report:hTTps:// is a vast amount of geological and visual context within a long read of 267 pages..Page 1 - 8: ".....The Tocantinzinho mine will be developed as a conventional open pit using excavators and trucks with wheel loader support......The mill is designed with a nominal capacity of 4.3 MTPA at a planned average feed grade of 1.41 g/t Au, producing 174,000 oz of Au annually with a life of mine of 9 years. The plant is designed to treat ore with a maximum head grade of 1.76 g/t Au.....It has a projected capital cost of $442m, including contingency....." (page 1-14) and a projected IRR of 19.7% at $1,500 PoG..There is no production anticipated from the TZ project in the Eldorado Gold 5 year outlook, slide 11:hTTps://, this is more insightful, especially the differing colours of their ore samples (cf the SRB Ore Sorter!):hTTps:// short, the TZ prospect appears to be outside the scope of SRB. ..Anglo American: According to the map on Eldorado page 1-18 (adjacent properties) Anglo American (FTSE 100: MC $26b) are staked NW, adjacent to our enlarged Sao Chico NW boundary; Sherry, have you found more detailed info?.Here is a link to the AA report - Brasil is their largest country of operation (55) and copper seems to be an increasing focus (59): Gold doesn't seem to feature:hTTps:// SRB have recently drawn attention to Copper ppm in the Mata Cobra soil sampling; is there some potential AA/SRB synergy here?.A lot to digest! tightfist"
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