Serabi Gold Share Discussion Threads

[cotton4] 29/8/2019 10:47

Don't think the consultants would be able to buy shares. What they are producing is insider information. They will do well enough out of their fees.

[borisjohnsonshair] 29/8/2019 10:35

No one at the PEA consultancy loading up .... maybe they have over the past week. Hence large rise. Maybe they expected news today, hence spent all their money already.

[cotton4] 29/8/2019 10:33

The PEA was promised to Serabi before the end of August, which could be last thing tomorrow. We may not see anything until Monday.

[littlepuppi7] 29/8/2019 10:11

They really do need to pull their finger out and get the pea out.. hopefully maximum pressure is being applied.

[loganair] 29/8/2019 10:05

The price of gold is up in many currencies as well as the USD is what I like to see.

[ppvn] 29/8/2019 10:01

Well it isn't September just yet and so fingers crossed something comes out. To be honest I'd been kind of expecting the PEA to be a relative formality in terms of the share price, but as others have said, it could really change the whole economics of the company for the better and as such put a rocket up the SP's backside.

Don't really know what to expect - but the journey to 100k oz is hotting up. And Cindarella and / or the anomalies were due to be drilled in Q3 so that's right about now isn't it!

[borisjohnsonshair] 29/8/2019 09:51

We have to be and every reason to be very optimistic but we've waited long enough. Hopefully tomorrow!!!

[tightfist] 29/8/2019 09:36

I am patient.... and looking forward to a quality PEA

[74tom] 29/8/2019 08:32

Also why RNS that the consultants will try to get it earlier and then not deliver...should have named a set date and stuck to it, giving themselves an internal buffer to avoid looking unprofessional.

[cotton4] 29/8/2019 08:19

Or late because these consultants can't get their finger out and deliver. More time for them. Gravy train.

[borisjohnsonshair] 29/8/2019 08:12

Is it late because to not great, late because it's awesome or late because they can't get their act together. Let's upgrade to 1,000,000 ounces and rocket to 200p-300p. I'm bored.

[cinoib] 29/8/2019 08:11

Leaving it too the last minute again I see, or is there going to be a delay.

[littlepuppi7] 29/8/2019 07:46

Gold flying, pushing for 1550 again..

[borisjohnsonshair] 29/8/2019 07:10

Good grief!!! Down to the wire. One more day before missing months delay.

[sherry35] 29/8/2019 01:40

Personally, I'm surprised this isn't trading around $5.00 CDN today given the Coringa Au resource alone. I'm in another Au producer with 76+% institutional ownership. It's trading way below its book value given its resource and 100K Au. eq. production this year.

I'll say it one more time. SBI will move when the institutions want it to. I have seen no insider buying reports on this side of the pond which puzzles me.

[easwarareddy] 29/8/2019 00:39

Where do forks see share price medium term. Can see this hitting 1 pound soon

[littlepuppi7] 28/8/2019 22:45

Will we get the pea tomorrow people?!

[sherry35] 28/8/2019 19:33

Thanks bomber13. Excellent information sourced from SBI's filings. A 2M oz total resource would put a 20 year mine life on the total operations. Also, SBI will be embarking on a very extensive drill program over the next 12 to 16 months on the Palito complex. The share price is way under valued.

[littlepuppi7] 28/8/2019 19:24

Trump berating the fed again!

[ppvn] 28/8/2019 17:02

Thanks Bomber!

[bomber13] 28/8/2019 17:02

Coringa 514/- oz , Sao Chico 90/- ( June 2017 ) , and Palito 448/- ( June 2017 ) , which equals total resource of 1052/- oz , see pages 34 to 36 of the annual report . See also page 9 giving a 2020 target of 2m oz total resource , which would be amazing if they achieve it !

[sherry35] 28/8/2019 16:29

I find the Coringa "total resource of 514,000 oz @ over 7g/t" comes close to my share price calculation of $12.71 CDN using a 500,000 Au oz. resource for the entire SBI mining and exploration claims. So, I've underestimated SBI's Au resource for all the claims. The current share price is not reflective of SBI's book value.

So, what is the total proven resource? 1M Au oz.?

[warren muffet] 28/8/2019 15:57

pupp. what about CORA,they've discovered a gold lake!

[jswjsw] 28/8/2019 15:29

This from US Market Realist

Gold closed at $1,541 per ounce yesterday, the highest closing level for active gold futures since April 11, 2013. Meanwhile, State Street Global Advisors chief gold strategist George Milling-Stanley said in an interview with Kitco News that gold prices could reach higher highs in the coming days. He said, “If you remember the last time we had significant speculative money coming into the market was as long ago as 2011, and speculative money flows drove the price up $500 in just 9 months. I could easily see something like that happening again.”
The US-China trade war could be behind gold’s price increase. In June 2018, Donald Trump escalated the trade war by imposing tariffs on Chinese goods, and China retaliated by taxing US imports. Since then, gold active futures have gained 19%, whereas the top five economies’ equity indexes all fell by a double-digit percentage. This month, trade tensions have boosted gold prices by 8.1%, while the S&P 500 has fallen 3.1% and the Nasdaq 100 (QQQ) has fallen 3.6%. Equity indexes around the globe have seen a similar decline. Analysts expect that further escalation in the trade war could wipe out 1.7%–2.6% of US and Chinese GDP.
Despite Trump’s reassurances that talks with China are making progress, bond markets seem to be preparing for a recession. On August 27, the difference between ten- and two-year bond yields fell to its most negative point since 2007. Moreover, the yield on 30-year bonds fell to 1.955%. The S&P 500 has a dividend yield of 1.9%.
Investors are locking into long-term bonds amid uncertainties, causing yields to fall. Bond yields and prices are inversely related. These sentiments could also be behind equity indexes’ decline.
Trump will likely try to strike a deal with China before the 2020 presidential election, though some observers don’t foresee a deal happening before then. If the talks derail and trade tensions escalate further, gold prices could rise. They would need to increase by 29.7% to cross the psychologically important level of $2,000.
j

[littlepuppi7] 28/8/2019 14:23

Agree with you ppvn. There are other offerings competing for capital on the market but the risk reward offer here is now compelling. Serabi are at exit velocity here , everything is coming together and the next few years will be very exciting. And currently it is still very very cheap. Stupidly so. So thank the mm's for the cheap shares and keep buying people :-)