Serabi Gold Share Discussion Threads

[cotton4] 26/1/2021 10:24

There was 50,000 sold after the close last night. Don't know if the seller is clear.
As for the price being at 30p I believe this was due to a holding by Winnifred which was dumped onto the market. Once the holding was cleared the price rebounded.

[ppvn] 26/1/2021 10:16

Not sure Boris. But doesn't help does it!

The solace i take is that back in June 2019 the share price moved from c.30p to 80p in about a month and I couldn't figure out at the time or since what drove the move. I was confident then that the share would rerate and it did (though not entirely sure why it happened at that precise moment) - and I strongly suspect a similar sort of move will happen again. Whether that is near term or medium I just don't know though!

Agree with the posters yesterday that it seems there is a seller active at the moment. Once they conclude we should see a jump again.

[borisjohnsonshair] 26/1/2021 09:51

Why is the price quoted at 94p. It's 92-93.5.

[borisjohnsonshair] 26/1/2021 09:19

Buy at 93.5

[borisjohnsonshair] 26/1/2021 08:58

Not if they believe in the potential. As PPVN mentions this could easily be worth US$250-500M, within 1-2 years and without dilution. Any dilution would be associated with massive good news.

[plat hunter] 26/1/2021 08:40

Spread and stamp duty will put a lot of PI's off.

[borisjohnsonshair] 26/1/2021 08:27

Fill yer boots now. Easy to buy, unlike toilet paper during lock down - why?

[tiger60] 26/1/2021 08:13

Off topic: Tightfist I have been looking at ALTN. Over the last couple of months there have been a number of single digit trades each day keeping the share price back. Are you not concerned that the owners may take the firm private based on a price which reflects the last 3 month average?

[ppvn] 26/1/2021 08:11

Haha. I'm not sure its depressing tightfist! The only thing I find really frustrating here as I've mentioned many times is the fact that its not usually possible to deal electronically in any size whatsoever unless you place orders and then have to wait for fills; I think that probably impacts a lot of potential investors when they are looking to get into serabi. It certainly frustrates me when I'm trying to buy! But then I remind myself I wouldn't have the shares I do unless there was this seeming apathy at the moment towards the company. I'd rather buy a company I fundamentally believe to be well undervalued and then be patient than buy a hot money stock and chase higher. Not the recipe for a good night sleep!

P.s. thanks for the vote of confidence BiB20, but I think our BOD here are doing a fine job- there was a Brr interview, a crux interview, and those numbers in the RNS! You can lead a horse to water etc etc.

P.p.s. Serabi couldn't afford me... yet... haha

[tightfist] 26/1/2021 07:38

Depressing isn't it? Hopefully 18th Jan printed the "higher low", we can clear the seller, and then break and hold above 102p in the next couple of weeks - the chart would then look a lot brighter. Wishful thinking - we shall see!

[backinblack80] 25/1/2021 23:53

PPVN, may be you should be SRB's marketing manager? After all, you seem to have much more positive energy, belief in the Company, motivation and enthusiasm than the BOD!
News worthy Stellar grades gone to waste, thanks to the BOD. All sanctioned by BOJO who has obvs lost his MOJO....

[backinblack80] 25/1/2021 23:43

The share price here has been bouncing around since circa Sept 19 trying to keep above 80p plus. Pretty poor imho..doesn't give any confidence, does it...
What will be the catalyst? Especially when the Company seems to ignore major marketing opportunities....

[backinblack80] 25/1/2021 23:34

hmmm, maybe in time and if they do some positive promotion.
Yep, it's a damp squib, at the moment.
Stellar news barely even caused a ripple.....no audience.
Bojo, simply reporting news obviously doesn't suffice...does it...
Plat Hunter, suggest you stick to watching Neighbours, matey...I'm over 100% up here and still very disappointed.....

[ppvn] 25/1/2021 19:17

£250-500mm valuation seems eminently achievable to me. Why not?

Without meaning to sound too over-optimistic (and this also takes into account my own view that gold is going to perform very well for the next few years) if they can get to producing 100k oz it should justify at least a £250mm value. Tack on the exploration that I also think (and early indications are favourable) will be a success it could easily propel the company to £500mm; that's still small.

There is of course the possibility of great success and other surprises from the exploration drills that could do even more. Serabi's tenements are huge; there is a lot of scope for positive surprise here.

[borisjohnsonshair] 25/1/2021 18:51

Yes 500-1,000p

[kennyp52] 25/1/2021 17:27

Still think 500 Boris ?

[bsg] 25/1/2021 15:02

It's damp squib.

[tightfist] 25/1/2021 14:58

When they are finished......

[borisjohnsonshair] 25/1/2021 12:06

They'd be an announcement.

[cotton4] 25/1/2021 11:50

Tightfist
It looks like that to me as well.

[tightfist] 25/1/2021 11:48

Thoughts: its as though someone significant is moving to reduce (R&M? Greenstone CLN shares?) whilst there is a substantial buyer (ii?) slowly accumulating in the background? All IMHO.

[borisjohnsonshair] 25/1/2021 11:30

All I can say is damp squid!!! Massive news and a titchy rise.

[tiger60] 25/1/2021 11:26

The trades are interesting over the last two business days. Today two 25K and one 10K sell but share price slightly up. Even on the news on Friday there were chunky sells. I am not sure if these are part of reduction by one of our stakeholders or not. Interesting. Anyone any ideas or just simply PIs?

[tightfist] 25/1/2021 10:37

O/T; Yes, I am in lite too - CMCL is just 10% of my SRB. It was watching a Proactive? video with Learmonth last year and getting my head around it that finally got me on-board.

[kennyp52] 25/1/2021 10:18

Not gone heavy tightfist .. 500 shares . That’ll do for starters .