Serabi Gold Share Discussion Threads

[ohbytheway] 17/1/2014 18:33

Looks like he's having another episode. Poor bloke.

[stockoiogist] 17/1/2014 18:24

0P TARGET

CHART BROKEN. GOLD COMING OUT BUT PRICE GOING DOWN.

DOWN WE GO. 0P TARGET IMHO. DONT RISK A PENNY HERE

[kcowe] 17/1/2014 18:22

nice solid company in the making ..... good value .

[stockoiogist] 17/1/2014 18:20

CHART BROKEN

HEADING FOR 0P


PMSL

PMSL





HEADING FOR 0P LOOK AT THE CHART. NO MORE 6p. 0P NEXT STOP

EVERYONE AVOID



AVOID




AVOID

[ohbytheway] 17/1/2014 17:08

Still trading nicely within the current sideways range. All looking good for an imminent breakout. (good top-up opportunity for those long termers).

[stockoiogist] 17/1/2014 16:11

I'M SHORT ON SRB

TARGET 0P. CHART BROKEN

PMSL

[rajaster] 17/1/2014 12:41

dies again

[rame4] 16/1/2014 10:49

This iceberg sell seems to be continuing from the end of last year. Maybe it will be complete by the end of the month.

[stockologist] 14/1/2014 22:49

Gold still frisky

SO the gold story is dead, is it? Tell that to the traders who pumped up by 140 per cent the stock in Metaliko Resources (MKO) on news it had bought the historic Bronzewing goldmine near Leinster, Western Australia -- the same mine that has brought undone two companies over the past six years: first View Resources and then Navigator Resources ended up in the hands of administrators.

It was the discovery of Bronzewing that made prospector Mark Creasy a very wealthy man after selling the ground to Joseph Gutnick's former Grand Central Mines. That company later sold out to the (also former) Normandy Group of Robert Champion de Crespigny. MKO plans to start drilling soon to prove up more gold.

Low-cost gold producers can still be appealing if Trent Barnett at Hartleys in Perth is right. He has a buy on Beadell Resources (BDR), whose total cash costs in Brazil this year are expected to be about $700 an ounce. December quarter production was less than expected but Barnett saw the bright side with his note's headline: "Slight production miss, still printing money though". He also cites the high risk-high reward exploration at Tropicana East in WA. Gold looked quite frisky on Friday, ending 1.55 per cent ahead at $US1249/oz.

Canaccord Genuity's Warwick Grigor told clients on Friday he had a report from Anglo-Far East Group, which, among other things, stores gold and runs a gold fund. Its chief strategist had just been to Switzerland and reported:

lThe largest gold refinery in Switzerland doubled capacity last year and was still needing to operate 24 hours a day to meet demand.

lSeveral times last year this refinery was unable to source gold. That had never happened before.

lSometimes when gold comes in, it is marked with delivery dates in the 1960s (which tells you something about how much new gold is not around).

Grigor's take: "The conclusion is simple. There is a squeeze on the gold market that is imminent. Futures markets are being used to suppress the minds of traders while at the same time every spare ounce is being tucked away."

Much of that in China, one presumes.

[rame4] 13/1/2014 12:38

Decent purchase shown above asking price.

[rajaster] 13/1/2014 09:56

being offered 6.1 to sell 100k+ so this is showing strong signs of a imminent breakout.

[rame4] 13/1/2014 09:55

Strong MACD.

[stockologist] 10/1/2014 16:06

Gold looking a bit better and about to enter production

Chart also looking good for a breakout soon I reckon

[eelbuoy] 09/1/2014 16:50

Can you post a link to that info please .

Doing some research now .

TIA

[stockologist] 09/1/2014 15:43

The Company has entered into a conditional subscription agreement ("Subscription Agreement") with Fratelli Investments Limited(1) (2) ("Fratelli"), the Company's major shareholder, which has agreed to subscribe for a minimum of UK£6.25 million and a maximum of UK£8.125 million.
The Company will be seeking subscriptions from third party investors, on the same terms as the subscription by Fratelli, for up to a further UK£1.875 million. Fratelli will increase their minimum subscription of UK£6.25 million by matching the aggregate subscriptions from third parties for up to a maximum commitment of UK£8.125 million

[stockologist] 09/1/2014 15:43

It wasn't a placing to mug punters though.

[bsg] 09/1/2014 12:25

What about the normal visit to the recent placing price @ 5p ? I'm waiting for that.

[ohbytheway] 09/1/2014 11:03

"And while we all go off for a Christmas break in a week or two, expect the Serabi team to be working flat out ahead of an official announcement detailing first gold production in early January."

[ohbytheway] 09/1/2014 11:01

Good volume so far today. Production RNS imminent and presentation on the 30th. I doubt these prices will be here for long.


"Having consolidated for around 6 mths, such a breakaway could occur at anytime. (an 'underlying uptrend' appears to be developing, and if this holds, this will lift the price to a breakout during the next couple of weeks)."

- posted by fingers on the 1st Jan.


It would be nice to see the breakout prior to the presentation or production RNS to give another opportunity for a more sustained rally.

Grade is the key in this current market and Serabi have fantastic grades with Palito. When Soa Chico comes into production later this company will really show its worth.

[rajaster] 09/1/2014 09:32

BREAKOUT>>> ABOVE 6p, wake up

[ohbytheway] 09/1/2014 08:51

Remember to watch out for buys above 6.25 in volume to indicate a breakout.