Serabi Gold Share Discussion Threads

[borisjohnsonshair] 03/3/2020 07:27

This is wholesale high grades but 25g/t is bonanza.

[borisjohnsonshair] 03/3/2020 07:25

MCAP GBP47M - comical based on Palito alone. News of Coringa License in next 9 trading days I'd say. This MCAP is worrying me as it's bargain to take over. I guess major holders won't agree. I'd not be happy with GBP200M. Holding on for over GBP0.5B.

[ppvn] 03/3/2020 07:19

Really good RNS. Basically confirmed what Mike and Clive have been saying for years (I.e. that the mine will get bigger and keep going on) but those deep intercepts in particular are encouraging. Nearly an ounce per tonne at depth...

[borisjohnsonshair] 03/3/2020 07:08

RNS - happy days. It's gets bigger, richer and longer.

[kennyp52] 02/3/2020 22:53

Still holding these as the share price gets bashed about . The fundamentals are coming together in my view and share price will eventually reflect the progress hopefully . Good luck .

[borisjohnsonshair] 02/3/2020 10:46

I'm saying 155p as we are. The license news, with finance in the bag means an additional 38,000 ounces, so 250-300p. Then any exploration success on top. Their tranches are packed full of gold.

[ppvn] 02/3/2020 10:39

That comes as a surprise Bojo - I figured you were the biggest bull on Serabi!

Based on FY 2019 I'd be inclined to agree with you, however we know most of the profit came in Q4. So frankly I'm of the view it's still a bit conservative bearing in mind going forward cashflow should be increasing ever more - plus ore sorter...

[borisjohnsonshair] 02/3/2020 10:23

PPVN - I agree with that price as we stand. It will need raiding upon receipt of the license for Coringa. I suspect we will get positive exploration results this week and the positive license results before April.

[ppvn] 02/3/2020 10:18

Peel Hunt upped their TP for Serabi to 155p today. Think just a reflection on increased gold prices - should be more to come there.

[sherry35] 01/3/2020 15:46

loganair - This article has another spin on the margin calls. Added more fuel to the fire sale?



After gold reached $1,690 an ounce and silver reached $18.90 an ounce, both precious metal prices have pulled back, as expected at the end of the month, as the pro-US dollar, anti-gold banking cartel almost always pushes back gold and silver prices at the end of the month options and futures expiration dates, as everyone already knows. What I found to be very curious was that the Google search engine algorithms returned no mention of the Chicago Mercantile Exchange (CME) raising margins on gold and silver futures. Recently, the CME raised initial/maintenance margins on COMEX gold futures (100 ozs) by a considerable 11.11% from $4,950/ $4,500 to $5,500/$5,000 and on COMEX silver futures (5,000 ozs) by 4.55% from $5,720/$5,200 to $6,050/ $5,500 within the last month.

[loganair] 29/2/2020 23:12

“It’s bloodshed,” Commerzbank AG analyst Carsten Fritsch said on Friday. “It first started with forced selling from equity investors who also sold their gold positions to cover their losses in equities and also to cover margin calls. Gold investors don’t want to sell but are forced to cover the losses in other asset classes.”

As the global asset sell-off heats up, investors are dumping gold to cover margin calls. The shin metal also tanked as concern mounted over how the coronavirus outbreak will upset demand in China for everything from crude to copper to gold. China is among the biggest consumers of bullion.

“The possibility that China may be using less is hurting commodity accounts and therefore you’re going to see margin calls,” said George Gero, a managing director at RBC Wealth Management.

[loganair] 29/2/2020 23:05

MoneyWeek - Gold (measured in dollar terms) had a solid week right up until Friday, which is when it slid hard as investors apparently got margin called (in other words, they had to sell the liquid stuff and the good stuff that they owned in order to fund the losses they’d made on other assets)

[tiger60] 29/2/2020 22:59

The fall was due to Turkish central bank dumping a shed load at 1650 , followed by need to meet margins. Chance it will bounce rather than fall as to srb shares I don’t know.

The underlying story for the gold price couldn’t be better but retail investors selling everything, even shares that would normally benefit fits the ‘panic’ profile. Think we will be ok

[alangriffbang] 29/2/2020 21:53

I think gold will fall further next week and I think if you hold out you will be able to buy these shares much cheaper ,

[kennyp52] 29/2/2020 21:22

You forgot to add “Billy no mates” Boris 😂

[morethanme] 28/2/2020 15:34

Lots of fear in the markets right now, so buckle up your seat belts!

Interesting to see the US market already pricing in 3x rate cuts this year. With the US bond yield dropping, the opportunity cost of holding gold is getting less and less, which is very good for the POG longer term.

[borisjohnsonshair] 28/2/2020 15:15

As I predicted - drop due to virus impact. No change in fundamentals. I'm buying more, You utter cxxx

[tiger60] 28/2/2020 15:14

10% fall - very harsh. Gold a couple of % down but...

[tightfist] 28/2/2020 08:22

Good to see some early-doors supporters!