Serabi Gold Share Discussion Threads

[tiger60] 30/6/2020 09:28

Should get indicative figures for Qtr 2 in mid July. At 8,000oz very interested to see the PnL for the qtr and cashflow.

[tightfist] 28/6/2020 21:25

Hi Sherry,.I have read your cryptic post #6589 a few times...... I guess you are referring to Robinhood traders as now participate on the popular North American platform? I have been expecting a market slump for some while - is this your prospective right angle manoeuvre?.My investor contacts are a conservative bunch who see 5% gold/miners exposure as edgy! And even when they pounce it's largely to invest in mega ETF's such as GDX - that's as strong as the developing trend becomes. BTW the performance of London-based Ruffer Gold shows what can be achieved with a well-managed, broad portfolio of goldies..I hope that helps! tightfist

[borisjohnsonshair] 28/6/2020 09:00

We all did if you are my age!! Nothing wrong with Huddersfield. Live like a king compared to London

[kennyp52] 27/6/2020 20:12

You drive a Lada Boris ? 😳

[alangriffbang] 27/6/2020 14:36

New scaly he only rents it !

[new_scally] 27/6/2020 13:58

Still writing the usual foul mouthed drivel Boris, still driving that old Lada of yours and living in a council flat in Huddersfield?

[kennyp52] 25/6/2020 22:39

He’s got 1000 shares in GRL Boris .. so if he sells now he might cover his dealing costs 🤣

[borisjohnsonshair] 25/6/2020 19:36

You like pops Tung here and don't hold, yet you don't post on there - do you hold them?

[sherry35] 23/6/2020 20:54

tightfist - Given the unexpected right angle turn of the market due to C19, do you think the Robinhood traders are the bag holders for those transitioning to safer investments such as Au and Au miners? I just wondering about those veteran traders needing time to get out of their positions this unloading onto Robinhood traders. The western markets are accessible by low service brokerage accounts in Asia i.e. China.

[loganair] 22/6/2020 21:04

Given dramatic declines in global bond yields, analysts at Citibank, continue to see gold as a viable hedge during shocks and most negative periods for risk assets. They forecast XAU/USD at $1900 in a 6 to twelve months period.

Key Quotes:

“We think prices are more likely to make a slow grind higher but generally hold a $1,600-1,700 handle, rather than quickly spike to the $1,850-1,950 area. In turn, a global growth and EM recovery in 2021 could be what supports the next leg higher towards $2,000/oz.”

[borisjohnsonshair] 22/6/2020 17:36

MND bouncing nicely. Good luck. I don't know much about them. What's a summary? Where do you see them in 1-2 years?

[borisjohnsonshair] 22/6/2020 16:25

What have they come up with?

[ppvn] 22/6/2020 16:18

Just seen Peel Hunt have rerun some numbers...

[ppvn] 22/6/2020 10:51

Hiya Tightfist!

I honestly have no idea of what impact covid could have on the timing of the Coringa licensing. As you know I'm relatively relaxed about the progress here; I think management have done and are doing a good job of making the most of what they can do in the current situation. I suppose I'm hoping that their measures will protect the workforce from an outbreak at the mine but you never know I suppose.

WRT the CLNs - I'd have been more wary of them had they been sold to fast money funds - Greenstone are invested here with c. 25% of the outstanding shares already so when the time comes for them to convert their bonds into equity I personally believe they will hold onto them to increase their holding. You never know though; they might sell some. But then that could increase the float which could increase trading volume here. Its tricky to buy shares quite often though my most recent 5-figure share purchases have gone through without issue.

No real issue as I've said with patience - as they are cashflow positive it isn't too urgent imo that licenses or exploration results are out - not like they will need to do placings to cover management salaries like lots of tiddler companies do...