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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Serabi Gold Plc | LSE:SRB | London | Ordinary Share | GB00BG5NDX91 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.50 | 0.79% | 63.50 | 62.00 | 65.00 | 64.00 | 63.00 | 63.00 | 131,897 | 14:03:16 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 58.71M | -983k | -0.0130 | -48.85 | 48.09M |
Date | Subject | Author | Discuss |
---|---|---|---|
10/6/2019 13:44 | Does not matter. Negative interest rates are likely coming. The world is doing a Japan and it will need a super jolt. The banks had the warning shots in the financial crisis and they have modified product range to take account of negative rates... 2 to 3 percent in this day and age is a high interest rate. Ecb have nowhere to go either, bank of England the same. The world is waking up to this reality and looking at gold. | gregpeck7 | |
10/6/2019 13:39 | Rates can't go that high again. Corporate and personal leverage is so high everything will be a bust if they did. So they won't! I just wish I had an old base rate +25bp mortgage. Fairly sure in a few years the bank would be paying me money... | ppvn | |
10/6/2019 13:32 | How can 2 1/2% Fed funds rate be over tightening, when 2 1/2% is still at historic lows. I remember having to pay 11.5% on my mortgage with 5.5% on my Instant Savings account and 6.5% on my 7 day savings account. | loganair | |
10/6/2019 13:29 | 50p for 5000 and no quote for more. The expectation seems to be that the fed will message a cut in June with it taking place July... fed have realised they have over tightened and Donald is causing big headaches for global trade. | gregpeck7 | |
10/6/2019 13:24 | The market is now expecting the Fed to cut interest rates in July... If the Fed do, I wonder how the markets will react??? If the Fed do not, I wonder how the markets will react??? As for gold, if the Fed cuts interest rates, would normally mean a weaker dollar which is positive for the price of gold. | loganair | |
10/6/2019 13:17 | Caution Greg pumping this on every bb. | tidy 2 | |
10/6/2019 12:49 | Other point to consider is since they sold the outlook for gold looks significantly more positive. They may well be regretting that sale. | gregpeck7 | |
10/6/2019 12:05 | I guess if they have nothing on their book they can't sell any. I had to get my broker to call a market maker directly a couple of months ago as I figured it was an unmissable price - but then Anker sold and I was able to buy plenty then online with no problems. It'll be interesting to see if Garraway resume their selling now we are in the 45-50p range. Otherwise I don't see where any shares will come from. | ppvn | |
10/6/2019 11:41 | Ppvn I agree. It is illiquid, but recently I have been unable to even buy 2 shares online. Added another thousand ish today and have to negotiate with the market makers for 44p. For 20,000 I made a query and they wanted 50p , that was half an hour ago. I think these are being hoovered up. Value seeps out of every vein here. | gregpeck7 | |
10/6/2019 11:12 | It's quite frequent you can't buy any. Believe that to be because it's a very illiquid stock. I've been here for a couple of years and ended up with a rather outsize holding primarily due to the fact I believe that anything under the 72p that Greenstone et. al. paid last year is very cheap. Since that investment, Serabi have been more profitable than they expected, made what looks to be a few significant discoveries and are seemingly laying the blueprints for several c. 50k oz per annum mines that will be hopefully producing at around the $8-900 aisc mark. I'm pleased the share price is rising, but it is only a reflection of just how far serabi fell. I have topped up and topped up until I can't really top up any more because frankly I'll have too many shares here. I'll take a look again when Coringa is up and running and with luck the market cap should be a few hundred million rather than the still pitiful £25m we are today. | ppvn | |
10/6/2019 11:00 | Marked down but you cannot buy any... 47p for 10,000 shares... | gregpeck7 | |
10/6/2019 09:40 | Gold moving back a bit today but still solidly in an uptrend. Srb taking a small break before resuming upwards progress. Agm next week... tick tick. | gregpeck7 | |
08/6/2019 13:14 | Hi gregpeck7,IMHO the ore sorter may become a game-changer. A cost reduction of 50USD/Oz would be worth about $2-3m pa; if alternatively it can increase gold production from increased Palito ore throughput by, IMO, 10k Oz pa with only the incremental cost of mining, it would be worth ~$12m pa from my calcs.Is anyone else going to the London AGM next Friday afternoon? Hopefully the Coringa PEA and funding proposal will precede.....Cheers, tightfist | tightfist | |
08/6/2019 12:05 | On this market and this stock we are AHEAD of the curve.. People are just starting to adjust to gold stocks, many are bombed out.. Gold has not been the place to be last 5 years or more.. It is now.. Agile investors moving now will reap the biggest returns... The herd will come, I do not see a "bad" scenario for gold at the moment, I think it will enter a 1350 - 1450 trading range.. Possibly higher... This will transform the likes of SRB on its own... Throw in a ramp up to 100,000 ounces , an ore sorter lowering costs by 50 USD a tonne and a Coringa PEA thats imminent and this is the place to be... I will be adding Monday... I think / hope next week this breaks (and holds) above 50.... I think all gold shares will do well, this one particularly so... Can see a pound here before the year is out. | gregpeck7 | |
08/6/2019 10:00 | This seems like another which is going crazy! With market conditions right and a company in good shape it's easy to make money preferably get in at the bottom. This has just moved across the 200 day moving average on big volume. 70% increase in revenue and profits is all I look for now at the financials. Yahoo, MSM and Investing.com has a screener to find them. | mrfixituk | |
07/6/2019 22:14 | In terms of time, we may be in the longest economic growth/expansion in history however it has been such shallow, low, weak growth the actual growth/expansion in percentage terms has been over 50% less, less real GDP, less industrial production, less real income growth then in other shorter periods of growth/expansion. And to get this less growth/expansion the major central banks have had to slash their interest rates down to around ZERO and print trillions of dollars in QE. In the next down turn I can see interest rates needing to be cut/slashed to at least -1%, leaving a huge negative real interest rates with absolutely ginormous amounts of QE and money printing that will debase the value of money even further. As gold is a maintainer of wealth means that the price of gold will rise significantly....wel | loganair | |
07/6/2019 19:01 | That kind of strong performance today bodes well for Monday. The economics here make more and more sense. After this rise still so very cheap and got a long way to catch up. If operations push on then the differential is greater still. | ironstorm | |
07/6/2019 15:59 | If non-farm payrolls are poor will mean a higher liklihood of the FED reducing interest rates to produce negative real interest rates which is very positve for the price of gold. | loganair | |
07/6/2019 15:30 | Gold up almost 12 usd now. Non farm payrolls not looking good. | gregpeck7 | |
07/6/2019 13:44 | Gold in the local Brazilian currency is down. | loganair | |
07/6/2019 13:32 | Gold up another 8 dollars now. No stopping it. | gregpeck7 | |
07/6/2019 13:19 | Also gold looks to be trending higher.. up another 2 usd as I type. Which changes everything... | gregpeck7 | |
07/6/2019 12:34 | It seems to me when Serabi share price was trading at between 30p & 40p was correct for this year. Now we're halfway through the year the market is able to start to look at next years forecast earnings which means initially trading around 60p to 70p the lower end of revenue multipuls. When there is more insight to the 2020 earnings then the share price will be able to trade accordingly. | loganair | |
07/6/2019 12:20 | Thanks for that mate.. and with a rising gold price... and with their costs dropping after bringing the ore sorter online... it does look like volume and interest is finally coming here. | gregpeck7 |
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