Serabi Gold Share Discussion Threads

[borisjohnsonshair] 17/8/2019 08:34

All being well 60-70,000 / year by 2021.

[borisjohnsonshair] 17/8/2019 08:06

Yes - it's constantly getting 10,000 once's a quarter.

[divmad] 17/8/2019 07:35

Sorry, wrong share. Oops.

[divmad] 17/8/2019 07:33

What you're missing is that this is not a producing mine. Far from it, yet.

[borisjohnsonshair] 17/8/2019 05:36

Typical PE ratio of Gold Miners is 15. Conservatively this will make US$12M /, so worth US$180M / £150M - at today's output forgetting anything else coming on stream. MCAP £38M. Just over 25% it's realistic value. What's going on??? What am I missing or am I not and the world just needs to discover???

[littlepuppi7] 16/8/2019 23:05

BTW slightly off topic, but does anyone here think Eldorado might be thinking now is the time to take serabi out?

[littlepuppi7] 16/8/2019 22:15

tightfist, its an MM stock at the end of the day though.. They always have "spreads" that are prohibitive.. We have gained a 5th Market Maker though..

IMO most of the time now the spread is 2p.. I know thats not "great" but this stock can move 2p on a trade...

I think he (or she) needs to understand its not "that" bad.. there are some much worse MM stocks out there...

Get them to look at the 1Y volume charts.. This is becoming a much more recognised share and is a lot more active, and that is also helping...

[ppvn] 16/8/2019 21:58

Well when we are trading at a fiver the 4p spread shouldn't seem so bad!

[tightfist] 16/8/2019 20:43

I am intrigued about any prospective holdings RNS..Yes, it was certainly an entertaining week and no bad thing IF we have an increase in free float to enable a bit more liquidity in due course. The Yellow Strip stated spread has deterred a friend of mine from coming on-board - so far.

[littlepuppi7] 16/8/2019 19:10

Well from next week we are firmly in pea territory, so personally I expect this to just keep building, and if our seller is finished then we should crash through 70p and set new recent highs. Have a good weekend all.

[ppvn] 16/8/2019 18:04

Who would have thought?!

Thanks for mailing them though, hopefully its confirmed shortly.

[littlepuppi7] 16/8/2019 17:59

Guys, had an email from SRB regarding my stock overhang questions.. I think we can expect an update to the share register shortly....

[ppvn] 16/8/2019 17:54

Lol. I find it a very entertaining share to be honest. It helps that I genuinely think it's going to rocket over the next couple of years (which makes the downs slightly less terrifying) but you never know one minute to the next what's going to happen here.

Unfortunately this year has seen two mandated sellers (Anker and City F/garraway) which has put a damper on things imo, but it won't last forever. Stare in incredulity and look forward to the good news is what I say.

[borisjohnsonshair] 16/8/2019 17:46

It's totally nuts. That 50k at 60p is mine from 3 days ago.

[borisjohnsonshair] 16/8/2019 16:11

Data normally just for tranches over 3% but funds will also independent state holding.

[tightfist] 16/8/2019 16:03

Regarding post #3319, not sure where the data (smaller holdings) came from but that data accounts for ~90% of shares. The other ~10% remains a mystery but presumably very fragmented and held by PI's. Or do you have other info?

[borisjohnsonshair] 16/8/2019 15:51

Totally stuck. No one to sell and only 15% float, but some of that is in big chunks - 10% in hands of someone not selling. If PEA good this could be brought outright for 150-200p

[tightfist] 16/8/2019 14:51

Hi desha,I think you are right, Garraway will sell/liquidate into SRB strength whilst the opportunity arises, especially if they are in difficulty liquidating a lot of the wider portfolio. My guess is that the PEA is of no interest to them - apart from creating a little up-front "hope value/liquidity" maybe? That contrasts with an LTH who should be very interested!Cheers, tightfist

[1kiwi] 16/8/2019 14:43

Big jump on the Ask there!

[littlepuppi7] 16/8/2019 14:43

Hopefully last chances sub 70.

[1kiwi] 16/8/2019 14:04

Balance has finally shifted, I think the seller is very much done now. 25K Buyer in two intraday auctions offering well over the bid and not getting any takers, loads of delayed buys today to.

[desha] 16/8/2019 14:01

tightfist - I think the manager has huge liquidity problems on the portfolio, so has to liquidate whenever/whatever he can. He's probably taken the bounce in gold shares generally as an opportunity to sell into strength. PEA - makes sense to wait but not sure of the manager's stance.

[loganair] 16/8/2019 14:01

Here’s why investors are buying gold and bonds at the same time:

In all, there are quite a few bits of the economy that could “break” with unclear but negative consequences. So people don’t know what’s going to happen next but they think that it won’t be very nice.

As a result, they are piling into bonds as a “safe haven”. (And also a massive momentum trade, but let’s stick with the “safe haven” argument for now.)

So, what about gold? Well, there are two main reasons to buy gold. One is because you think that inflation will rise faster than interest rates. If “real” interest rates are falling, gold tends to go up.

Long story short, that’s because an asset with a 0% yield and an index-linked price becomes steadily more appealing as rates turn more and more negative. (On this point, it’s worth noting that gold is not an inflation hedge as such. It’s not about inflation on its own – it’s about the interaction between inflation and interest rates.)

Two, is because you are worried about the integrity of the financial system. If the financial system blows up, gold is one of the very few assets that is not dependent on someone else’s solvency – it has no counterparty, in the City jargon. Gold is just gold.

Today, there are reasons to buy on both fronts. Firstly, real interest rates are falling (bond yields are sliding even although inflation in both the US and the UK is sitting at or above their target levels). Secondly, investors are clearly worried that something might break in the financial system.

Gave favours gold over bonds at the moment, “since bondholders are most likely to be the victims of the next crisis.” Other than that he suggests raising cash and sticking with high-quality equities, among other things.

[desha] 16/8/2019 13:41

PPVN -> Thanks for the kind words. Should have bought some SRB instead and more of AAZ!