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I think you are right GoldGeezer - in an RNS from SRB - "AIM: SRB".
First thing on Monday I will be on to my broker and demanding some cash back.
I'm sick of mistakes by Interactive Investor. A month ago I complained about several mistakes they had made. They gave me fifty quid as a goodwill payment. I wonder if I'll get another.
"AIM is part of the LSE. SRB is on the AIM market. " - my contract note for buying SRB shows that I paid stamp duty on my purchase of SRB shares.
I believe that stamp duty is not paid on AIM shares, so either you are wrong or my broker robbed me.
Did anyone else pay stamp duty on buying SRB shares? Thanks.
Like everyone says this is massively undervalued and one wonders when it will shoot up to a fair valuation and what the catalyst for such a rise would be.All I know is that fundamentals cannot be ignored forever
Serabi is really very undervalued . Probably a PE Ratio of 3 and 2026 a PE Ratio of 1 . Not to mention if gold goes up further . i am sure gold has the poitential to 8 - 10000 Dollar / ounce , after making some research .
Correction 67 to 62 = approx 7.5%
Bought half the slice of 28th March back today for 62p
68 to 62 = approx 8.5% in a couple of days short of one month.
Had spare funds on acc looking for somewhere .
It's easy to see gold falling and think this SP might follow but you need to give yourself a slap in the face if like me, that happens. After the recent fall POG is still $2330, at ~10000 ounces per quarter that is around $8.5m ebitda, more than 1/7th of the mcap every 3 months.
For a company that's debt free with long mine life and low cost options to grow substantially in size it's unbelievably cheap. Staggeringly cheap.
This is far too cheap,I cannot see this being this s.p. for long,company has huge cash pile ,which is growing daily,and production levels about to be improved considerably,market just needs time to realise the truth here. I would think 150p is realistic for this year.
You cant instantly arbitrage with stocks on unconnected markets. SRB lists on three. Although prices differences may exists, base on spot FOREX, no arbitrage opportunity exists. Buying equity at different value does.
Are you unable to get another broker?
The other shares you post about are not listed in Canada, which is odd
I own my SRB shares via the TSX as my broker does not allow me to buy in London.
The volumes were low in December, but now they are trading at multiples of this.
The price in London will shortly follow as the arbitrage opportunity becomes larger.
What you have said is true,the London markets are out of sync with reality in many cases. That is why my capital is tied up entirely in the UK market ,as eventually the UK market will catch up,and to the benefit of all present investors. Time and patience is just needed. Real value will emerge.
AIM is part of the LSE. SRB is on the AIM market.
Refer to the company website investor section.
"If management were planning a buyout they would not have interviews with financial journalistic promoting the company would they?" - I believe that Eric Zurin, the boss of SHG did hold interviews, so you are wrong.
My comments are not intended to imply anything about the management of SRB, nor about the integrity of Eric Zurin. He might well have believed that the offer price was fair, after all "fair" is a matter of opinion.
"Serabi closed at $1.44 on TSX yesterday equivalent to 84p a share" - see what I said about London fund managers and Kirkland Lake Gold.
SRB is on the LSE, but many small gold miners are on the AIM and that is worse for undervaluing companies. A few days ago, on the business section of Radio Four's Today programme this was the topic under discussion. They spoke to a business analyst who said so, and to the boss of a biotech company that de-listed from the AIM and listed in Amsterdam. He said how the AIM didn't value his company fairly. He said that companies like his had moved to other markets and they were valued at 10 times, 20 times or even 50 times what they were in London.
The City of London is corrupt. They don't care about supporting businesses and the British economy, all they are interested in is lining their own pockets - but you didn't need me to tell you that.
TSX. Easily worth 84p. This is a big anomoly priced at around 65p. TSX buyers should step in and buy at these absurd UK prices. What is to stop them?
Serabi closed at $1.44 on TSX yesterday equivalent to 84p a share. Up c. 33% on the day. Low volume but 150% higher than the daily average seen there. It will be interesting to see if it holds but it's a sizeable difference right now.
Perhaps they get how good yesterday's update was more than UK investors currently do.
Back on board but with less shares than in 2023. Confident we will see 80p a share in 2024.
The stock, up 37% in the year to date, advanced a further 5.5p to 64p. Peel Hunt reckons there is further to go for the share price as it set an 80p target and reiterated its 'buy' advice.
"We are now beginning to see the fruits of Serabi’s development work at Coringa, with the new GUIA trial mining licence providing the comfort of three more years of operation on site," said the broker in a note to clients.
"We believe the market continues to underestimate Serabi’s value proposition, especially the increase in mine life and the efficiency impact of the new ore sorter at Coringa."
The Shanta acquirers were very clever to get the ball rolling through 2023 and pouncing in December before the really big moves in gold were seen and looking back you can start to see that Eric took his foot off the gas from about the summer onwards, presumedly because he was incentivised to keep attention off Shanta.
If the same had been attempted at Serabi then i'm sure they'd have got a sale away at around 60p but now the gold bull run is well and truly happening by the time something similar is worked the Serabi share price will probably already be close to a pound and a premium on that would be needed - whatever happens SHs will gain by holding at these levels.
Pedro I have been invested here since early 2013 and never out.
Obviously i have brought and sold some at times but im massively invested here and elsewhere .
Having fingers in many pies is a good thing and i sleep incredibly well at night.
In my time investing i have seen so much and as i stated before and im fully behind it and say again when it comes to money ZERO loyalty.
The cash in bank and rising production allied with a rampant gold price,must be more reassurance for you to sleep at night,surely?
SilverSlippy. If you feel like that it must be difficult to sleep at night whatever share you hold. Management here actively supporting the share price by actions in the business and in the media.What more reassurance can you get? Totally the opposite of SHG,would you not say?
I'd like to agree but when it comes to money there is zero loyalty.