city watcher
15 May 2018
Today's results looks promising. This is the best paragraph."The rest of the year promises to be very interesting and we expect to generate steady positive news flow from a successful exploration campaign from Palito and Sao Chico as well as progress at Coringa. The new funds that have been raised will allow significant acceleration of our organic growth plans and outstanding capital programmes whilst continuing the progress at Coringa, where completing the first stages of the initial permitting remains the immediate objective. We have made the first significant steps to realising our ambition to establish ourselves as a significant gold producer in Brazil with a target of an annualised production rate of 100,000 ounces within the next two years."
Ripley94
08 Apr 2018
PEEL HUNT ABB @ 3.6p .. Was anyone invited from this bb.
city watcher
23 Feb 2017
23 Jan 17 Peel Hunt Buy 4.75 8.00 8.00 Reiterates If they reach 7p I'll be content.
Nige the snake
12 Aug 2016
RNS interims Looking very promising and looking like a buy.IMHO
Nige the snake
18 Jul 2016
RNS buy Should see double figure sp soo
George Zibbos
17 May 2016
About Turn Well all the directors are going to do very nicely out of this. The Co has just announced that all the directors are going to get share options at 5.0p, to the tune of 16 million shares, further diltion just as it was starting to look good. Also someone on another BB highlighted this rather ominous end of statement "Should additional working capital be required the Directors consider that further sources of finance could be secured within the required timescale. On this basis the Directors have therefore concluded that it is appropriate to prepare the financial statements on a going concern basis. However there is no certainty that such additional funds either for working capital or for future development will be forthcoming and these conditions indicate the existence of a material uncertainty which may cast significant doubt over the Group's ability to continue as a going concern and therefore that it may be unable to realise its assets and discharge its liabilities in the normal course of business. The financial statements do not include the adjustments that would result if the Group was unable to continue as a going concern." Im out
Bank101
13 May 2016
Re: Fantastic Results @ 1350$ gold these guys could be clearing ~ $5m a quarter.I wonder what the plans are going forward.
George Zibbos
13 May 2016
Fantastic Results Fantastic results today in terms production all in sustainable costs and year on year gross profits. We wont be under the radar for much lon
Nige the snake
13 May 2016
RNS great news! mediate release 13 May 2016Serabi Gold plc("Serabi" or the "Company"
Unaudited Interim Financial Results for the three month period to 31 March 2016 and Management's Discussion and AnalysisSerabi Gold (AIM:SRB, TSX:SBI), the Brazilian focused gold mining and development company, today releases its unaudited interim financial results for the three month period ending 31 March 2016 and at the same time has published its Management's Discussion and Analysis for the same period.Key Financial Information(1)SUMMARY FINANCIAL STATISTICS FOR THE FIRST QUARTER ENDING 31 MARCH 2016 3 months to 31 Mar 2016US$ 3 months to 31 Mar 2015US$Revenue (1) 11,679,089 7.484,215Cost of Sales (1) (6,689,506) (4,859,909)Depreciation and amortisation charges (1,216,727) (1,117,720)Gross profit 3,772,856 1,506,586 Profit / (loss) before tax 1,501,304 191,398Profit after tax 1,347,665 191,398Earnings per ordinary share (diluted) 0.195 cents 0.024 cents Average gold price received 1,165 1,212 As at 31 Mar 2016 As at 31 Dec 2015Cash and cash equivalents 4,410,589 2,191,759Net assets 52,524,555 46,783,645 Cash Cost and All-In Sustaining Cost ("AISC" 3 months to 31 Mar 2016 3 months to 31 Mar 2015Gold production for cash cost and AISC purposes 9,771 7,759 Total Cash Cost of production (per ounce) US$662 US$599Total AISC of production (per ounce) US$858 US$759 The Sao Chico Mine was only declared to be in Commercial Production with effect from 1 January 2016 and all costs and revenues relating to this mine were capitalised prior to this date. The Income Statements for 2015 therefore only reflect the revenues and costs arising from the gold produced from the Palito Mine and the Cash Cost and AISC for the 2015 comparative period therefore also only reflect the activities from the Palito Mine.Key Operational Information SUMMARY PRODUCTION STATISTICS FOR THE FIRST QUARTER ENDING 31 MARCH 2016 (PALITO AND SAO CHICO) Quarter 1 2016 Quarter 12015Horizontal development Metres 2,925 1,825 Mined ore Tonnes 37,546 32,504 Gold grade (g/t) 11.02 10.51 Milled ore Tonnes 36,615 30,384 Gold grade (g/t) 8.58 8.52 Gold production (1) Ounces 9,771 7,389(1) Gold production figures are subject to amendment pending final agreed assays of the gold content of the copper/gold concentrate and gold doré that is delivered to the refineries.Financial HighlightsCash Cost for the first quarter of 2015 of US$662All-In Sustaining Cost for the first quarter of 2016 of US$858.Gross profit from operations has increased by over 140% from US$1.57 million to US$3.77 million compared to the fourth quarter of 2015 and by over 150% compared to the first quarter of 2015.Post tax profit of US$1.35 million compared with US$0.19 million for the same quarter in 2015Earnings per share increased to 0.195 cents.Cash holdings of US$4.4 million at 31 March 2016.Average gold price of US$1,165 received on gold sales in the first quarter of 2016.2016 GuidanceForecast gold production for 2016 of approximately 37,000 ounces with All-In Sustaining Cost between US$840 to US$870 per ounce.Operational Highlights9,771 ounces of gold produced for the first quarter of 2016 (fourth quarter of 2015 - 7,924 ounces). Mine production totalled 37,546 tonnes. 26,752 tonnes at a grade of 11.84 grammes per tonne (g/t) of gold from the Palito Mine. 10,794 tonnes at 9.00 g/t of gold from the Sao Chico Mine. 36,615 tonnes of ore processed through the plant for the combined mining operations.2,926 metres of horizontal mine development completed in the quarter with 1,901 metres completed at the Palito
George Zibbos
15 Apr 2016
Re: Nearly There Knock and the door shall be opened. Here is your 4p. Broker note now for 6p. Rightly so. Revenue recently tripled + POG was hitting the high notes. No reason this should not go to 15p. It was over 5p last year before any of this good news.
Trovador
08 Apr 2016
Nearly There Knocking on the 4.0 door.Grossly undervalued considering production and progress lately.
George Zibbos
12 Feb 2016
Re: Very Quiet on here I agree with you its not nice to see your holding continually diluted, many Aim Co's have done this in the past and will in the future. I think there needs to be some kind of tightening of the regulations. Presumably they did this to raise funds and to enable them to start production. As they have doubled their estimated production for last year and brought on a new mine you can see where the money has gone. The secret as always is getting in at the right time. Its the same with oil explorers wait for a gusher, then get in at the bottom but not before. I waited a long time before I bought shares in SRB. Up 8% today so not all bad news 3.25p
happywul
12 Feb 2016
Re: Very Quiet on here The main thing I don't like is the continued dilution of shares by giving options to the main shareholders in return for working capital loans.Three years ago there were 90 million shares now there are over 600 million with more on the way.
George Zibbos
12 Feb 2016
Very Quiet on here No recent comments here but things looking much better now. Production for last year double the estimate. Gold on the rise. New mine coming online. What's not to like ?
happywul
30 Jul 2015
Re: Wait until news filters through Could somebody explain in layman's language what they have actually done?So they have cancelled the share premium account and written off warrants as valueless....but where does the USD82m come from? Is it real money? With a market cap of £25m the sudden arrival twice that should move the shares more than 6%.
