Serabi Gold Share Discussion Threads

[gregpeck7] 31/7/2019 16:24

Yes PPVN, we just need this seller cleared out then we can move on to a sensible price. Take advantage...

[jeanesy] 31/7/2019 16:24

Still yet more buys and barely a reported sell. MM'S manipulation or delayed selling. Time will tell.

[ppvn] 31/7/2019 15:35

I'm fairly sure that this seller must be Garraway - they were sellers back in May and they stopped selling once Anker dumped a load and the share price went below the mid 40s.

As a reminder, Garraway acquired shares from City Financial that went pop back at the start of the year (I.e. so rather than having paid 72p as c&f did, garraway paid a lot less). We will I'm sure find out soon enough.

Annoying but there you go! At least these are really cheap again. I just worry I'm going to end up with even more of them.

[gregpeck7] 31/7/2019 15:29

Looks that way.. they have been working a sell for a while I think. Just need it to clear.

[jeanesy] 31/7/2019 15:16

Buys massively outweigh sells today and yet we are down ? ! Delayed sells to report ?

[qs99] 31/7/2019 11:24

thanks all for the gags and serious posts! have bought a few this am.....looking forward to the next update.

QS

[gregpeck7] 31/7/2019 10:56

I put this on LSE about a month ago, some points have moved on (positively) since.



Gold is making a nice comeback today, I am very bullish on the exit price for gold this year.

SRB having a dip before hitting new recent highs IMO. People trying to trade in and out...

Loads of good stuff coming down the tracks

1. Corninga PEA - Another resource upgrade?
2. Final Coringa payment - hopefully out of cash in bank - Looks almost certain now..
3. Strong gold price
4. Cinderella Shear - could be a huge new play
5. Increase in incumbant resource - based on current step out drill results
6. Mortoring towards 100,000 ounce per annum producer..

All in around a 30m package...

Just keep buying the dips and hold those shares chaps.. Every time I make some money on a trade I am just grabbing a few more!

[ppvn] 31/7/2019 10:00

Because it'll make your mortgage smaller and your appendage bigger.

Only joking. Their website has presentations and videos on there that are pretty good. Luckily this share doesn't appear to have too many breathless rampers on it either. And since they actually make money it would appear it's not an aim scam lifestyle miner either. But you have to make your own mind up.

[gregpeck7] 31/7/2019 09:57

Qs read the rns releases , look at the pog,and think where else you can get a 100,000 ounce producer, that's already doing 44,000 ounces per annum for 30 million ish quid valuation.

[qs99] 31/7/2019 09:29

Just looking at this now. Looks very interesting and am in heavy to CEY/SHG this year and last so like the gold sector. Have looked at RNSs, web-site etc, any good posts for more information on this thread please or would someone kindly post a "why invest" couple of lines? Many thanks
QS

[borisjohnsonshair] 31/7/2019 09:17

Very illiquid. Not sure why. Agree re spread but this is a big play. Lose 50% your money or gain 300-500% over two years. Spread not issue for long termers.

[jeanesy] 31/7/2019 09:14

The large spread doesn't help either !

[borisjohnsonshair] 31/7/2019 09:11

Yep, I'm trying. 40k so far but after another 60k

[jeanesy] 31/7/2019 09:07

Added a few ahead of the expected PEA in next few days.

[borisjohnsonshair] 31/7/2019 08:50

Agreed this is on course to be 100-200p but has several hurdles to jump and also needs no nasty surprises. Solid time to get in and those that do could sit pretty for very good income in 2 years.

[gregpeck7] 31/7/2019 08:37

Agree everyone has to do their own thing. The next move here will be over 100P just need to wait for it.

[tightfist] 31/7/2019 08:24

A Risk averse climate? Some folk are sat in a ~80% profit in two months - A Profit is a Profit as the saying goes!

[jeanesy] 31/7/2019 08:21

A few more selling this am. Strange when news is imminent !

[gregpeck7] 31/7/2019 07:20

Logan, gold is up again ;-). .. in all seriousness it is Up again. Last time it did 5 or more days of consecutive trading rises was when it went from the low 1300's first above 1400. There is a big move brewing imo. It won't be the interest rate cut that does it but the post meeting signalling. Some very interesting articles worth reading about golds reaction historically to cuts in rates and when they feed through to the price.. also map the last financial distress period to the gold price and you will see we could be in for a huge rise here.

[tightfist] 31/7/2019 06:57

Hi jeanesy,I too thought it looked a little strange, but those 4 delayed reported trades (15k, 12.5k, 15k, 15k) were quite confusing; (I assume they were all yesterday). But when worked through on a timeline it seems to make sense to me based on current reports.A couple of fortunate Buy trades appear IMO to have gone through at 51.9p at 14:05.Cheers, tightfist

[gregpeck7] 30/7/2019 23:21

"With approximately 20,000 ounces produced for the year to date, I believe we can improve further during the second half of the year, most notably with the additional ounces the tailings treatment is now bringing. With gold prices very much in our favour as well as exchange rates, it is a good time to be a producer in Brazil. With this very encouraging first half of the year, along with the forthcoming PEA on Coringa and further positive progress on licencing and permitting, I look forward to reporting further positive news in the coming months". Firing on all cylinders here... particular attention to the last sentence and the positive reference. They know we have great news coming up...

[suncanaria] 30/7/2019 22:21

Almost time to resume buying here

[gregpeck7] 30/7/2019 20:41

The gold price looks as if it's breaking out to the upside. It's been a long time coming. If folks truly understood the concept of fiat currency, the price of gold would go through the roof.From a guy I follow on Twitter. And yes I agree with him!

[jeanesy] 30/7/2019 20:27

looking at the price chart i would have expected to see more buys than sells when the price recovered , but i dont see that. Perhaps there are some buys not yet reported ?