Serabi Gold Share Discussion Threads

[tightfist] 27/1/2021 08:02

Yes (apart from some crazy exceptions such as AAZ, ORR, GRL) the PM producers seem to be generally down 9-13% since early Jan across the board, whilst gold metal is down ~5% since 5th Jan. All part of the grand scheme of money rotating and gearing I guess - time to turn the screen off for a few days?!?

[borisjohnsonshair] 27/1/2021 07:52

45% profit.

[kennyp52] 26/1/2021 20:34

Cheers tightfist . I would like to think this is just a blip as all of my precious metals are down yet gold and PGM holding ... doesn’t make a lot of sense to me 🤷‍a94;️

[tightfist] 26/1/2021 18:42

Hi kenny, $3.00 according to Stockopedia - I presume this to be from Peel Hunt. There were some earlier posts about this from PPVN.
Goldies getting pasted seems like early March last year? Incidentally the Stockrank is 95/100 if that is your cup of tea! Cheers, tightfist

[kennyp52] 26/1/2021 18:30

Whose target price tightfist ? All miners getting a pasting at the moment by the looks of it and gold hasn’t budged 🤷‍a94;️

[tightfist] 26/1/2021 17:48

O/T: Hi tiger, suggest you PM me re: ALTN. Chalk and Cheese come to mind! , tightfist

[tightfist] 26/1/2021 15:14

Hi MWF, and the Target Price just got raised to 220p..... +140%

[bsg] 26/1/2021 14:38

Sort thing you do, then come back a couple of years later and it's gone up 10 fold. Just like AAZ!

meanwhile the thing you bought gone bust!!

[millwallfan] 26/1/2021 14:26

ALL those who invested prior to February 2020 are in profit, albeit some more than others. If the fundamentals of the company are accepted linked to the top independent analysts still bullish on gold and the fact we almost hit £1.20 last autumn mid covid then I see little reason to be panicking at these levels. The impact of the 3 majority holders was discussed at length on here recently with some decent background info and I for one concluded it brought more positives for the future than negatives.

[tiger60] 26/1/2021 14:09

Bizarre to say the least

[plat hunter] 26/1/2021 14:03

There's literally no volume though and a big spread. I'd be surprised if Boris has really sold on such soft volume, with gold holding onto 1850 like a boss.

[zzfritzz] 26/1/2021 13:59

Is BJsHair schizophrenic or is that a clever troll?

[plat hunter] 26/1/2021 13:55

Check HUM out Boris,Similar growth potential but a little further down the line with it than SRB.

[ppvn] 26/1/2021 13:55

Fair play bojo, you'll be missed!

Good luck with the investments!

[borisjohnsonshair] 26/1/2021 13:53

Don't forget we heard nothing about the mech failure, nothing about Cobid on site, nothing about 35% staff reductions and nothing about 20% output cut until the quarterly reports. All nasty surprises.

[tightfist] 26/1/2021 13:42

Why on earth would you do that, with Gold at $1,860 and so many options to invest that FCF at a high prospective IRR?

[tightfist] 26/1/2021 13:39

Agreed Cotton, there was a perfect storm in mid-2019 when ii's Garraway and Anker simultaneously rushed for the exit - the former was a logical forced fund liquidation - the latter was the vehicle of ex-NED Kingsman and I never comprehended why he needed to reduce in a hurry (whilst at the same time investing in Adept....)..Those were happy days - maybe we seeing a more of the same whereby someone (could even still be Anker/Kingsman) is grabbing the opportunity to sell in size into underlying good news of an illiquid stock?.We know the underlying fundamentals, so Patience! required! tightfist

[borisjohnsonshair] 26/1/2021 12:51

What's the risk? Covid? Why don't they just down production tools for 6 months and carry on exploration - or at least have that lined up. This cannot fail over a 24 month horizon. Civil war or forced nationalisation is the only risks. Not happening in Brazil

[borisjohnsonshair] 26/1/2021 12:48

MCAP GBP55M - are you effing kidding!!!! We owe US$3M on Coringa and it has a NAV of US$76M at a gold price well below today's. This is effing stupid!!!!!!

[ppvn] 26/1/2021 11:22

Conversely, if the market were right every time there wouldn't be much to make in stocks would there!

[tiger60] 26/1/2021 11:11

So basically we are back to the level prior to the latest RNS news! But to put it in context a lot of gold explorers and producers are undervalued based on their correlation to the gold price. The problem with thinking the market is wrong and you are right....

[millwallfan] 26/1/2021 10:48

As we have discussed, all the time over 65% of shares in 3 holders then we are not going to see ‘normal’ trading. Whilst there are positives in having fritelli et al it also means limited liquidity.