News

February 15, 2008

There’s A Whiff of Corporate Activity in The Air For Serabi

By Alastair Ford

It’s a nice trick if you can pull it off. Serabi has managed to generate a track record of fairly consistent positive media comment over the past couple of years, despite the fact that the company came seriously unstuck when it changed its mining method in the early part of 2007. Everyone’s suffering in the market at the moment, but not too many producing gold companies have seen their share price cut in half since the summer - not with gold punching through $900, and likely to go higher still.

But Serabi’s chairman, Graham Roberts, is a past master at the art of presenting, and as a former banker himself, speaks the right sort of language in London, where financial matters are more widely understood than the technical side of mining. In the long run though, the market rarely calls it wrong, and although the future outlook for Serabi remains very favourable, a share price fall from over 40p at the end of summer to the current 19p tells the story of Serabi’s year in 2007 very...