Serabi today provides an operation update for the first quarter of FY 2025 from its Palito mine and mill and the satellite Coringa mine in Brazil. The operations continue to deliver with gold production up, and a strengthening cash position. The company is assessing its options to return capital to its shareholders which we believe the market will view positively. We continue to see 216p fair value in Serabi.
Amidst the general market malaise Serabi’s share price, like that of many others, has suffered in recent weeks (and days!). We initiated on Serabi in February (Serabi Gold - Initiation: Growing on solid foundations) with a buy rating when shares were trading at 168p, they have since fallen around 27% to 123p. Here we reiterate the case for Serabi Gold, our mining conviction pick for 2025.
In this audio note, Zeus’ David Seers summarises the investment case for Serabi Gold. Serabi is our Zeus conviction buy stock for the mining sector in 2025. It is an established gold miner with two long-life assets in the Tapajós region of Brazil: with underground mines at Coringa and Palito feeding into the Palito mill.
Serabi is our Zeus conviction buy stock for the mining sector in 2025. It is an established gold miner with two long-life assets in the Tapajós region of Brazil: with underground mines at Coringa and Palito feeding into the Palito mill. Gold production in 2024 was 37.5koz, a 13% increase on the previous year, and sights are set on delivering a 60koz/yr capacity as soon as 2026 (within existing operations and for minimal capital cost), and there is the potential to produce at 100koz/yr, although ...
Welcome to Zeus’ Top Picks 2025. Every year since 2021 Zeus analysts have selected their highest conviction UK SMID cap stocks over a one-year investment horizon. In 2024 Zeus analysts selected nine stocks across various sectors, focusing predominantly on the UK AIM market. These stocks provided an average total return of 16.3%, beating the AIM All Share benchmark by 18.7ppts*.
Welcome to Zeus’ Top Picks 2025. Every year since 2021 Zeus analysts have selected their highest conviction UK SMID cap stocks over a one-year investment horizon. In 2024 Zeus analysts selected nine stocks across various sectors, focusing predominantly on the UK AIM market. These stocks provided an average total return of 16.3%, beating the AIM All Share benchmark by 18.7ppts*.
* A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Share prices and market capitalisations taken from the current price on the day of publication Dish of the day Admissions: None Delistings: None What’s baking in the oven? Transferring markets: 8 November: Zentra Group plc (ZNT.L)* will delist from the Equity Transition Segment of the Main Market...
Dish of the day Admissions: Atalaya Mining (ATYM.L) has moved from AIM to the premium segment of the Main Market. Delistings: Molecular Energies (MEN.L) has left AIM. What’s baking in the oven? ** Potential**** Initial Public Offerings: Reverse Takeovers: 16 April 2024: Electric Guitar (ELEG.L) Concurrent with its Admission to trading on AIM, Electric Guitar is proposing to acquire the entire issued share capital of 3radical Limited for a consideration of approximately £1.3m, payable by the issu...
19th October 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment obje...
9th May 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objective...
19 April 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objectiv...
A director at Serabi Gold bought 48,000 shares at 70p and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Serabi Gold plc: Unaudited Interim Financial Results for the three and six month periods to 30 June 2018 and Management’s Discussion and Analysis 8 For immediate release 14 August 2018 Serabi Gold plc(“Serabi” or the “Company”)Unaudited Interim Financial Results for the three and six month periods to 30 June 2018 and Management’s Discussion and Analysis Serabi Gold (AIM:SRB, TSX:SBI), the Brazilian focused gold mining and development company, today releases its unaudited interim financial results for the three and six month...
Serabi Gold plc: Operational Review of Second Quarter 2018 For immediate release 23 July 2018 Serabi Gold plc(“Serabi” or the “Company”) Operational Review of Second Quarter 2018 Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian focused gold mining and development company, is pleased to report gold production of 9,563 ounces for the second quarter of 2018 at its Palito Complex high grade gold operation in the Tapajos region of Para State, Northern Brazil. CORPORATE HIGHLIGHTS Completion of £6.4 million brokered share placement to follow the US$15 million investment made b...
Serabi Gold plc: Award of Share Options For immediate release 2 July 2018 Serabi Gold plc (“Serabi” or the “Company”)Award of Share Options The Company announces that on 2 July 2018 the board of directors of Serabi agreed to award in aggregate 1,700,000 new options over ordinary shares to employees, directors and officers of the Company. The option grant is part of the Company's annual compensation review and the issuance is made under the Serabi 2011 Share Option Plan (the “2011 Plan”) which the Company adopted on 28 January 2011 and was re-affirmed by shareholders at the Co...
Serabi Gold plc - Total Voting Rights For immediate release 2 July 2018 Serabi Gold plc(“Serabi” or the “Company”) Total Voting Rights Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian focused gold mining and development company, announces, for the purposes of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the following: As at the date of this announcement, the Company's issued share capital consists of 58,764,072 Ordinary Shares with a nominal value of 10.0p each, with voting rights. The Company does not hold any Ordinary Shares in Treas...
Serabi Gold plc : Accident at Sao Chico Mine For immediate release20 June 2018Serabi Gold Plc("Serabi" or the "Company") Accident at Sao Chico Mine Serabi Gold plc (AIM:SRB, TSX:SBI), regrets to announce a fatality at its Sao Chico Mine in Brazil in a mining-related accident. The accident involved the operation of one of the underground loading machines. The Company has notified the relevant authorities, including the police, and are providing all necessary assistance for the enquiries into this incident. Production in the area of the incident has been resumed. Until su...
Serabi Gold plc : Results of Annual General Meeting, Capital Reorganisation For immediate release14 June 2018Serabi Gold Plc("Serabi" or the "Company") Results of Annual General MeetingCapital Reorganisation Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian focused gold mining and development company, announces that at the Annual General Meeting of the Company held on 14 June 2018 (the "Meeting"), shareholders approved all the ordinary and special resolutions proposed in the notice of meeting dated 14 May 2018 (the "Notice"). The voting was determined by a poll and the res...
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