Serabi Gold Share Discussion Threads

[gregpeck7] 30/7/2019 19:47

Last 4 trading sessions it's up every time.

[borisjohnsonshair] 30/7/2019 19:12

True, it's in a consolidation range. Cooked spring that could rocket to 1600-1750-2000. GDXJ a very geared punt on POG. High volatility but high risk / reward. If more cautious GDX a good fund.

[loganair] 30/7/2019 19:03

I do not understand where you are getting "gold just keeps going up" when gold has remained in a range of $1,410 to $1,430 an ounce for the past month?

[gregpeck7] 30/7/2019 18:55

Gold through 1430 an ounce. Gold just keeps going up. Srb must have a big day coming. I think the seller was substantially cleared today.

[gregpeck7] 30/7/2019 15:22

I think those days are long gone. Available stock is now a lot less based on what I can see. Pea comes in positive and 55p will look like the steal of the century

[borisjohnsonshair] 30/7/2019 14:49

Tempted but kinda hoping for much bigger drop!! I'd like 50% drop now to double up.

[gregpeck7] 30/7/2019 14:31

Interesting price action. Added a few more.

[gregpeck7] 30/7/2019 12:59

Cmon gold.. 1430 needs taking down :-)

[gregpeck7] 30/7/2019 12:21

Yep a token 1c per share could unlock further interest... SRB have said there is significant interest in their projects, I was not clear if that was from partners or financial institutions. There appears to be a real pivot towards gold going on, and we are way ahead of the curve here. Just wait for the herd.

[gregpeck7] 30/7/2019 12:13

Yep a token 1c per share could unlock further interest... SRB have said there is significant interest in their projects, I was not clear if that was from partners or financial institutions. There appears to be a real pivot towards gold going on, and we are way ahead of the curve here. Just wait for the herd.

[ppvn] 30/7/2019 12:02

They have always said they are going to expand rather than pay divs. I personally think that's not necessarily the worst plan as the area they operate hasn't been explored to any significant degree.

Once Coringa is up and running they'll have plenty of cash to expand but I do rather hope they pay some sort of div just to attract other investment funds. Some can't buy shares that don't pay anything.

[tightfist] 30/7/2019 11:49

Let's wait and see what marginal ROCE they can generate. My guess is that any dividend would be low/nominal and they would plough the FCF cash into expansion and/or acquisition. The BoD have minimal shareholding's.... IMO there in lies the clue?

[borisjohnsonshair] 30/7/2019 11:37

I've got a lot of these but will top up.

[borisjohnsonshair] 30/7/2019 11:36

Very wise words. Nice potential earner in a not too distant time.

[loganair] 30/7/2019 10:57

I can see in 2021 Serbai will be able to start paying a dividend which could easily come in at 5p per share, giving me a yield of 15% on my purchases. This is exactly what I did with Highland Gold Mining (HGM) which is now giving me a yield of around 30% on my purchase price.

[loganair] 30/7/2019 10:49

Serabi did say that their share price fell to below 30p because there was a forced seller and that the fall had nothing to do with the fundamentals of the company. With so few shares in the open market any forced seller would cause an unwarranted dramatic fall in Serabi's share price. This is why at 31p/32p I quadrupled my holding in Serabi.

[gregpeck7] 30/7/2019 10:43

Boris also seems to be a seller present, they have a diminishing pile. I'm looking at another 30,000 currently... there is not a better play on the market at the moment. Corninga pea literally any day.

[tightfist] 30/7/2019 08:40

Research time is well spent here. IMHO lots to like and plenty of potential news flow events and communicative CEO/CFO.There will doubtless be some execution slips along the way; hope the eagerly awaited Coringa PEA is not one of them!Cheers, tightfistNB: An interesting handle - not an association I would choose, but each to their own!

[loganair] 30/7/2019 08:23

Goldman Sachs - Further Fed easing risks further asset bubbles.

2 Fed rate cuts of 0.25% this year - insurance cuts as US economy does not need further Fed rate cuts.

Gains in S&P 500 driven by earnings growth (personal note - over past 4 years over 80% and since 2009 70% of S&P 500 earnings growth come from share buy backs)

[borisjohnsonshair] 30/7/2019 08:01

Tempted to pile in here. Need to research leaders.

[borisjohnsonshair] 30/7/2019 05:26

Resource upgrade late July early August. Interesting.

[borisjohnsonshair] 30/7/2019 05:25

It's possible their profits post 2021 could exceed their MCAP today, with limited debt. This could have an MCAP of 125-200M in a few years.

[gregpeck7] 29/7/2019 22:47

Back to gold, pushing 1430 - very exciting.....

If the US pushes rates down by 0.5 this week (which I dont think they will)..

I think we will see 1500 gold v quickly.

[ppvn] 29/7/2019 13:22

Consensus seems to be gold is in its 2001 baseline wrt where the US rates were as well as the stock market value vs. Oz of gold.

Really does look promising - gold stocks in general should do very well over the next few years. Particularly if they have significant upcoming growth and exploration prospects!

Edit: sorry tightfist, hadn't seen your message! I was unfamiliar with the gold thread but thanks for drawing it to my attention! Lots of the usual suspects on there, though I do sometimes find hard metrics tricky to apply to some juniors. I fell into a couple of traps previously when underestimating development costs, geographical locations as well as debt loadings. I'm a little more arbitrary with my selections these days but yes from a cursory look most of the names I have are indeed on the list!

[gregpeck7] 29/7/2019 13:08

Gold continuing to firm up over 1420... and the dollar is stronger