Serabi Gold Share Discussion Threads

[loganair] 21/6/2019 09:00

Even before counting in any increase in production with an average Price of Gold $100 per oz higher and a reduction in the AISC of $50 per oz would bring in an extra $6mln, much of which will go straight down to the bottom line as profit.

[ppvn] 21/6/2019 07:53

The turnover in this share has been really good recently. Going from a share that sometimes didn't even trade to having 400k+ shares bought and sold in a day is giving it a firm foundation to build on - considering the float is only around 15mm shares it's not bad at all. I think it'll go up regardless in time, no matter what individual days bring!

[gregpeck7] 21/6/2019 03:16

Hope you didn't short this. Gold up another 20 usd. The chickens are coming home to roost. The fed will be shown up as a money printing machine and it's then game over. Gold is the only game in town at the moment. Even the idiots are waking up to it

[gregpeck7] 21/6/2019 03:10

Guys listen and think carefully. We have been long term investors here. Gold is re rating now to a level that currently is black box, but it's re rating and it will be higher than it is now. Serabi is worth many multiples of the current share price. Do not sell.. do not let the mms get your shares cheap. Hold them tight and let the value come out. We. Understand this play. If you do anything add and maximise what now could be a once in a lifetime opportunity. This share is a nugget. Do not sell it cheaply.

[gregpeck7] 21/6/2019 03:00

Gold over 1400!!!

[sherry35] 20/6/2019 17:02

On the TSX side, Barclays Capital Canada Inc. (House 90) has been on the BID and hitting the ASK. I'll take leap in stating this is a international division of the infamous Barclays HQ'ed in London UK.

Here is the AM TSX trade history:

(buyer 2nd last column, seller last column)

Jun 20 11:12:20 AM 0.97 4000 90 94
Jun 20 11:12:20 AM 0.99 500 1 94
Jun 20 11:11:04 AM 0.99 500 1 94
Jun 20 10:53:20 AM 0.99 500 90 7
Jun 20 09:52:55 AM 0.99 500 1 7
Jun 20 09:33:58 AM 0.99 500 1 1
Jun 20 09:33:23 AM 0.97 500 90 1
Jun 20 09:33:02 AM 0.95 500 90 1
Jun 20 09:32:43 AM 0.94 500 90 7

I've been watching this for several weeks since the SBI came alive. There is a systematic ratcheting of the BID/ASK as the stock is moved up and down. Given the SBI's low liquidity, the level II ASK and BID prices are spread out over 5 orders on either side.

In highly liquid stock trading above 10 cents, BOT/Algo traders use small orders from 100 to 500 shares including odd lot trades like 369, 400 etc. In SBI's case, it's hard to distinguish between BOT/Algo trader and human trader.

On the BUY side, there are 3 distinct houses, and House 001 anonymous, buying SBI. On the TSX, this stock is tightly controlled by major institutions, insiders and ELD. They hold ~85% of the outstanding shares leaving 15% for the retailers and minor institutions. I'd certainly like to know if Sprott Asset Mgmt. is involved given past gold loans.

[eriktherock] 20/6/2019 16:29

bsg,gregpeck, I'm not against you. I hope you prosper.

[gregpeck7] 20/6/2019 16:19

Gold closing in on 1400. Cannot quite believe it. Always thought once it got going it would really motor. The vested interests who held it back have disappeared.

[gregpeck7] 20/6/2019 16:18

Lol. Short gold while your at it.

[bsg] 20/6/2019 16:16

Short away!

[eriktherock] 20/6/2019 16:01

64 it's a short

[gregpeck7] 20/6/2019 15:59

Over 100p probably 120 to 150 range if it came now.

[ppvn] 20/6/2019 15:19

Rather gold went to $2k and they find more mines than you can shake a stick at, personally speaking!

Think serabi do a fine job by themselves tbh, sometimes downplay their lot in my opinion but they certainly seem to be getting on fine, particularly now the share price is on the up.

[tightfist] 20/6/2019 14:46

There have been several unit fund raising along the way, but a major one was the Fratelli investment at (old 6p, new) 120p in Jan 2013. As Fratelli are both patient and a pivotal ii what minimum return would they require......

[mick1909] 20/6/2019 13:36

What mcap would you rate the takeover at?

[gregpeck7] 20/6/2019 12:19

They clearly have more gold than the market thinks they have based on current disclosure ( in the ground that is) but how much have they got? And what could the Cinderella shear contain? I am starting to think just as things are starting to take off here a major could just gobble up serabi. It's a smaller world than you think in the mining space and the way gold is going it would not surprise me at all.

[catsick] 20/6/2019 11:00

Very lucky to have got some of these a few weeks ago below 30p, as a historically high cost producer there should be maximum leverage to the gold price, I also have a lot of aaz and aau who are very low cost so low risk but on a big move higher in gold there should be huge leverage here...

[gregpeck7] 20/6/2019 10:54

Gold rock solid up over 20 dollars transformational for srb.

[loganair] 20/6/2019 09:31

Gold Prices Slam Through Multi-Year Resistance Between $1360-1375 By Stephen Innes:


Fast a Furious...

Gold:

It’s been a frantic rally in gold this morning as prices slammed through multi-year resistance between $1360-1375 like a bull at a gate. But with so much arbitrage taking place between the TOCOCM and SGE it was hard to make heads or tails of the move above $1380 that may have contributed to the surge to $1394. Just think where gold would be trading if the Fed did cut rates last night. I wish I didn't sound like "Captain Obvious" on this view, but look no further than the tumbling greenback that is contributing to glittering golds appeal, more on the buck below

USD Dollar:

With David Bloom from HSBC article making the rounds suggesting we are entering a new world order for currency markets “The US wants to prevent FX from undermining protectionist measures aimed at reining in the US trade deficit." has stirred a lot of market chatter that the US administration is in the early stages of stealth dollar depreciation mode. While it's still at the steps of being little more than a conspiracy lark, but the article is hitting the dollar market at a time when the greenback is vulnerable, so we could see further downside momentum which will continue to support Gold.

[loganair] 20/6/2019 09:11

As far as I can see the Price of Gold is massively up to day smashing through the all important $1,365 barrier.

[mick1909] 20/6/2019 09:02

Do some ramping on other boards Greg it does work

[gregpeck7] 20/6/2019 08:56

Those sellers yesterday must be kicking themselves so hard. You need to have patience here, the value will come out .

[gregpeck7] 20/6/2019 08:48

Still only just over 30m market cap. This is outrageously cheap.

[gregpeck7] 20/6/2019 08:26

It's another in the latest string of excellent rns releases from srb. They are finally delivering on all levels.

[ppvn] 20/6/2019 07:44

I'm personally really pleased with this RNS. The paragraph about infill drilling being impractical to interpret the ore body is a hallmark of hard rock deposits the world over; until they are underground they can't "chase the vein" which is the reason that proving up ounces is difficult (hence the low reserve of Sao Chico in particular). What they did with the PEA was an attempt to infill the known vein limit, this is an extension to see just how far it goes - and it's still going which is obviously good.

Gold continuing to make its move on $1,400, also very good.