Serabi Gold Share Discussion Threads

[backinblack80] 09/1/2020 22:16

What happened at 15:08?

[tightfist] 09/1/2020 22:12

All in the garden was rosy until 15:08; they really didn't want that trade!

[trader365] 09/1/2020 16:41

3-5 years of your daily drivel = about 9000 useless posts. Try going outside and getting a life. 60p on dilution news

[borisjohnsonshair] 09/1/2020 14:50

Yeah - next jump up to new high not happening. No problem, the fireworks are coming with the resolution of financing. 10 week max count down. I don't care as holding for 2-5 years and 3-5 quid

[edjge2] 09/1/2020 14:32

there is the drop boris

[borisjohnsonshair] 09/1/2020 08:12

79.05 bid, 79.4 offer. Tight. About to jump 2-4p. Anyone's guess which way.

[borisjohnsonshair] 09/1/2020 02:49

Fair enough but could make lazy people (or morons like Trader - ha - "trader") make poor choices. Metrics like these used for comparisons is like statistics- lies, lies & .....

[borisjohnsonshair] 09/1/2020 02:22

Ps - drunk

[borisjohnsonshair] 09/1/2020 02:21

No disrespect to Chip intended or lack of appreciation for the hard work, however, figures misleading or not relevant for comparison - not apples for apples. When is our PE 15 and based on what earnings figure? Unless there's some form of normalization vs the others it's misleading. A PE of 1 would have no value if the LOM is very low, yet everyone would be scrambling to have Co in their pension fund it's a PE of 20 for an Australian mine with LOM of 100. If you took Palito production in isolation it would be much lower, yet SRB is simplistically a production mine and exploration mine. Go deeper and it's a producer that's expanding after a PEA, set to double output plus explorer with huge exciting prospects. Coringa LOM been stated as 9 years, yet inferred it will extended in all directions for KM's hence years. Same now for Palita. No update on NAV given yet. My wild predictions are based on future increased production, which aren't derisked but IMHO are low risk. I also don't thing the MCAP fairly represents the existing production, especially with he report of substantial increase in LOM. US$0.5-1B MCAP coming in years ahead. Mark my words.

[backinblack80] 08/1/2020 23:32

Yes, tightfist. That's why I posted them here. Although I haven't checked them, I thought that they would be, at least, of some interest to investors.Chip, is normally pretty good.
BJH, pls expand on your comments re Chip's figures...

[tightfist] 08/1/2020 20:00

IMO, I would be very thoughtful before I started casting aspersions on Chip's figures - he has put vast amount of effort into this subject for many years - and shares his Goldie research very generously.....

[borisjohnsonshair] 08/1/2020 16:50

Thanks but on the basis SRBs is wrong, maybe they all are

[backinblack80] 08/1/2020 16:00

Some interesting metrics posted by chipperfrd5 - Post 7847 on the CHIP thread.

[borisjohnsonshair] 08/1/2020 08:51

We are controlled by a few major investors. This won't go cheaply, don't worry.

[tightfist] 08/1/2020 08:24

Does anyone have a typical profile of a Gold Mining acquisition? I mentioned a while ago that I had read that Narrow Vein Miners were unattractive although they can be highly cash-positive. LOM is probably going to be an issue, limited by drilling costs (look at MML!)..SRB seems to have breadth to pursue at SC which IMO suggests both Production as well as LOM increases? I get the impression that the Tapajos region increasingly interests some majors.

[trader365] 08/1/2020 03:12

And...

If SRB gets taken out at an unfavorable price before a multi bag opportunity arises then the traders win

[borisjohnsonshair] 08/1/2020 00:26

I believe it's a little small and early. When 100,000 in production, maybe.

[trader365] 08/1/2020 00:00

If WW3 kicks off a gold mine is no good to anyone

"Iran has begun an attack on the United States with missiles fired at an American base in western Iraq, Iranian official news media said early Wednesday"

[backinblack80] 07/1/2020 23:46

This must be a major takeover target at current share price ..just saying...

[borisjohnsonshair] 07/1/2020 22:57

Yep. Dive in now and you'll end up with a holding 50-100% higher than after funding announcement. After funding to production I predict a slow rise of another 100%. As Coringa starts production I expect a price of £2-3 excluding any good news regarding exploration farm-in and or success.

[borisjohnsonshair] 07/1/2020 22:54

Exactly - the big derisk milestone is funding. Let's face it, it's not hard with the 2019 results and 2020 forecast.

[trader365] 07/1/2020 22:21

I sold 80% of my position at 90p so still holding 20%. A 100% gain in 3 months isn't to be sniffed at, especially when the spread is 10%.

There's a horrible gap in the chart after yesterday, so I'd say there'll be a drop on funding news to fill the gap. If I don't get my entry price I'll simply buy higher after another pullback, nothing goes up in a strait line, but plenty go down in a strait line. That's especially true for illiquid stocks such as this one.

[tightfist] 07/1/2020 22:08

People who made a conscious decision not to enter during the last week of December are playing an edgy game - not being fully loaded at this juncture isn't part of my plan - but no one KNOWS!

[king suarez] 07/1/2020 18:27

What if you don't get your entry price and it goes on to multi-bag?