Serabi Gold Share Discussion Threads

[king suarez] 13/7/2020 15:49

Yes, it has stalled currently on Covid fears in Brazil imo (and probably the possibility of conversion of CLNs at 76p), but business is still producing (albeit not at 100%) and producing cash - great prospects long-term. I have been in for around 12 months, from the low 60s.

[brasso3] 13/7/2020 15:43

KS

I had been watching it for a while. That chart pattern looks like a high probability of moving up to me. SRB seems to have been left behind but its turn will come IMO. :)

[king suarez] 13/7/2020 15:41

A great entry price, Brasso.

[trader536] 13/7/2020 15:28

My chart proved to be correct again

[brasso3] 13/7/2020 12:17

Just bought in at 80p.

A nice flag is forming on the chart.

Seems this has some catching up to do with the other gold miners.

[tiger60] 13/7/2020 11:13

Well it seems interest here at present is ebbing away. I listened to the latest audio again and MH was saying 7500-8000 for the quarter. Most quoted number is 8,000 by investors but it may be lower

Maybe they are being smart and going with the old adage of under promise and over deliver so who knows they may of capped expectation only to report to the upside. However, it can't be ignored that other gold plays are engendering a lot more attention.

Is it a credibility issue, marketing or just not as speculative as other plays? I am still fixated with the illiquid nature of SRB yet on good days moves in small percentages. Still out until the figures this/next week. If RNS released on a Friday normally means bad news. Lets wait and see

[tightfist] 11/7/2020 10:16

Hi Sherry,I also agree with Ironstorm's perspective. (However I find the wording on CRUX re: the Coringa licence needs some listening to carefully again)Back to your post #6846, I have been working to a belief for a long time that PoG is mostly closely reflected/correlated in the mega-mining ETFs (at least that is where most of my investing friends seem to follow "Gold") whilst the mining minnows are/will be a lot later to share in the action if/when either M&A activity gets underway or ETF buying drives the mega-Mining companies to sky-high off-putting PE multiples. Or growth prospects/delivery dominate.I see TSE:MND Mandalay has a MC of around £100m, is this caught-up in the same syndrome? Does anyone else have thoughts around this aspect?Cheers, tightfist

[ironstorm] 11/7/2020 07:32

Sherry, I guess things have just slowed down here. They have stopped a lot of the exciting work because Of Covid. So for now production is all. And they can only announce this infrequently.

However, we know what going on under the tin. Cash generation which will ward off future dilution.

People talking about gold at 2000+ but that’s probably a year away. I a, hoping we will be rocking and rolling by then and having given less of the co. Away.

That might not be what u want to hear of course. But I am cool with it. My average give me a lot of headroom. And I doubt this one is for trading.

[trader536] 10/7/2020 16:06

Chart indicators are negative. Bad news is on the horizon...

[sherry35] 10/7/2020 15:31

Ironstorm - I'm just tired from the long wait. With all the bankruptcies, unemployment and money printing, POG should of crested $2000 by now. I see forward earnings of companies priced into their share price by the market over the past 3 years, why not Au mining stocks?

On a positive note, MND worked its way through it's production issues at both mines just in time as we see POG move north. The last two years were tight but they managed to figure out the geology and tune the mining operations. Their debt is $60M US with a 3 year (maybe 5) pay down strategy. The debt is mood point if they clear $92M profit by YE 2020.

[trader536] 10/7/2020 14:38

SRB exciting lol

Great insight into your sad frustrated life and your one share portfolio

[borisjohnsonshair] 10/7/2020 10:28

Ha - not in CEY but certainly not all in here. This one is my most exciting play but that because most is boring.

[kennyp52] 10/7/2020 08:42

No worries here Boris... just trying to work out why it is where it is and flat . I guess no one these days works with fundamentals 🤔
Out of interest ... did you stay in CEY or are you all in here ?

[borisjohnsonshair] 10/7/2020 08:38

Don't worry. We are producing and paying off Coringa. The license is overdue so any day. Was expecting in June. By the end of the year well be able to at off Coringa completely.

[kennyp52] 10/7/2020 08:25

41,541 new cases and 1,187 new deaths in Brazil [source]

I fear this will go nowhere until Brazil get the virus under control . Excellent production RNS might shift it but that is doubtful and forecast in region of 8,000 Oz When is this transformational license going to be granted ?

Long term not fussed , short term the share price seems to be dragging badly .

[ironstorm] 10/7/2020 07:36

Sherry I am seeing this across my holdings. It feels like the calm before the storm. There may be some wild moves coming our way.

[sherry35] 10/7/2020 03:09

tightfist - My MND.TSX put out some great production news today. MND is on track for $92M US profit for 2020. They are upgrading one of their mills to increase Au recovery by 3% or more. Yet the market yawned at the production numbers. What the @#$% does the market want? Are you finding that the miners are trading counter intuitive to POG?

[loganair] 09/7/2020 16:26

The traditional safe haven asset, gold, topped $1,800 this week – the highest level in more than nine years. Analysts say the yellow metal’s rally is just getting started.

“I guess gold is the real bitcoin,” Boris Schlossberg, managing director of FX strategy at BK Asset Management, told CNBC. “Ultimately I think what’s happening is the market is taking implicit bets that inflation is starting to pick itself back up, and I think there’s a really good reason why the market thinks so.”

The stimulus from global central banks that has fueled a fiscal expansion is going to make its way into the economy and drive inflation higher, Schlossberg said.

“Central banks are still going to have to keep rates very, very low, because their first and foremost priority right now in a post-Covid world is to maintain momentum, to maintain expansion as much as possible,” he said. “So, they’ll suppress interest rates, inflation will go a little bit higher, and of course gold loves nothing more than real interest rates going lower and lower and lower.”

He added that this environment is setting gold up to test its $1,920.30 all-time high reached in 2011.

[tightfist] 09/7/2020 08:24

Me too, despite PoG, not a single mover here either!.My five goldies are all LSE, low PE and under £100 MC. The goldies on my tracker are going great guns, often larger and a few Canadian - maybe that's a clue!.Or is the SC interest/money funnelling into EUA this morning......

[ironstorm] 09/7/2020 07:55

Gold price over 1800 and not Much of a whimper from all my goldies. Hey ho.

[sherry35] 09/7/2020 03:53

'We still like gold at these levels': Prices can move another $500 by end of next year - Wells Fargo

Gold has been on a sprint since last year, breaking all kinds of residence levels, including $1,300, $1,400, $1,500, $1,600, $1,700 and now $1,800 an ounce. And for those wondering whether it is too late to get in, Wells Fargo has a reassuring answer: "We still like gold at these levels."

Gold is currently trading at fresh nine-year highs at above $1,820 an ounce. August Comex gold was last seen at $1,827.40, up 0.97% on the day.

"In May 2019, gold finally and definitively broke above the $1,300 per ounce resistance level—after six years of trying. In the year since that time, gold has made comparably quick work of the next major resistance levels," wrote Wells Faro investment strategy analyst Austin Pickle. "With our 2020 year- end target of $1,800-$1,900, we have been asked whether we still like gold at these levels. The short answer is a resounding, 'yes'."

The reason for that is that Wells Fargo sees gold rising all the way up to $2,200 - $2,300 by the end of next year, which means there is still a lot of upside potential — up to $500 worth to be precise.
'We still like gold at these levels': Prices can move another $500 by end of next year - Wells Fargo

"Gold has a host of drivers working in its favor, and [we] believe that gold is on its way to new highs," Pickle wrote on Monday.

However, it won't be a straight line higher in terms of future price moves. "Gold could take a breather in the short term," said Pickle.

Sustainably breaking above $1,900 an ounce will not be an easy task for gold.

"Sizeable positioning and powerful market sentiment often are anchored at milestone prices. It can take time to clear out those positions and convince market participants that conditions exist for even higher prices," Pickle explained. "In the chart below, we can see examples of this process at each of the recent major price resistance levels. The chart shows the price of gold in purple and the relevant resistance levels in orange. Notice that at each major resistance level, gold has struggled for months before decisively breaking out."