Serabi Gold Share Discussion Threads

[plat hunter] 29/1/2021 13:21

SRB or the Reddit boiler room?

[tiger60] 29/1/2021 10:55

It is just a variation on the Pyramid scheme.

[cotton4] 29/1/2021 10:34

Wonder if the Redditt crowd will have a go at silver today.

[plat hunter] 29/1/2021 10:19

Not far behind them...Seriously questioning why I bought tbh. Only stuck 3.5k in... and control 5% of the market on these volumes.They need a new broker

[cotton4] 29/1/2021 10:17

Looks like our day traders are off to green pastures.

[tiger60] 29/1/2021 10:14

Gold up to 1850 but FTSE has had a terrible run and when that happens people look to cash in to cover elsewhere. It is irrational but also predictable. SRB are in a better position post last weeks RNS but we fall to short term lows. We will be back up.

A 10 and 13K sell has not helped. We need a gold price surge to focus the minds.......

[tightfist] 29/1/2021 09:30

We live in strange times PH....

[plat hunter] 29/1/2021 09:08

Really.... not a single share traded...Watched this for a year and got slapped on my first effort. 4 days a holder and already can't wait to sell.

[tightfist] 29/1/2021 08:56

Thanks for that Cotton, it's encouraged me to go back and study in more depth last Friday's RNS and I see to the SW the area you mean - Grota do Sangue. The 513 g/t is a rock chip result (which I have seen others query on another stock - is it truly representative of the immediately surrounding rock or just a freak result from a well-aimed hammer?). Hopefully the planned nearby drilling will confirm. I was more impressed by the rock-chip average of 95 g/t; excluding the 513 g/t result the other 12 samples from Toucano to the NE still average 60 g/t......I am also impressed by the SD diamond drilling results, particularly 5.00m @ 24.09g/t Au including 1.5m @ 67.69g/t (Hole 20-SD-003) which is at a depth of 70m and highlighted by MH..An interesting year ahead, me-thinks. Cheers, tightfist

[cotton4] 28/1/2021 12:44

I was looking at the new drill results, in particular the 513 g/t result.
It appears to be out on its own, away from the centre of kirk, so to speak, with planned drilling nearby. Just wondering if this was virgin territory.

[tightfist] 28/1/2021 12:21

Agreed, that was what I meant by exploration and geophysics expense - around SC and new tenements to the West within SD..I am also intrigued about the area on a straight-line between SD and SC; I am wondering what may be lurking there? I think the rights in that area were indicated on a map to be with Anglo American?

[tiger60] 28/1/2021 11:13

I was thinking on top of Coringa - concurrent activities on their tenements

[tightfist] 28/1/2021 11:08

Yes, they have already said they will take-on debt, term sheets are already in their post box! They need some fresh debt to augment FCF and fund the building of Coringa ASAP whilst simultaneously undertaking accelerating geophysics and exploration drilling. .They talk of drilling 32,000m this year - does anyone have a recent comparative number?

[cotton4] 28/1/2021 10:52

Tiger60 - They have to do that eventually for Coringha.

[tiger60] 28/1/2021 09:51

85.5 to buy - what can you say other than come back when sanity prevails.

5.5% down on volumes of circa 70K on top of falls yesterday. It seems the illiquidity of this share only kicks in on bad days! I think there has been some shifting of investor sentiment over the last few weeks. Gold has not really carried on towards highs. Some might say it is consolidating at 1800-1850 ready for the next push up whilst others may see persistent signs of weakness. I must confess concerns but there are signs of some support returning. Lets hope both Gold and SRB can turn the tide.

This fall is definitely not company related however the two things that gave SRB all the free cashflow was the record gold price and favourable FX rates. It is now the turn of the company to pull its weight and again I am more positive on this than any time in the last year. Although there is a constant call for production to increase and yes this is crucial if we can firm up the exploration results and the viability of some form of open pit extraction a predator cannot be too far off and with it we should see a ramp up in the share price Lets keep the expo news flowing but also detail next steps to turn expo potential into added value. Maybe there is an argument to take on debt to increase the workforce.

[imastu pidgitaswell] 28/1/2021 09:33

Which is sensible - it's not (I don't think) one to go big on.

[plat hunter] 28/1/2021 09:23

Thankfully Stu, I only stuck 3.5k inAs you say the spread and the stamp duty meant I was 7% down just to start with.

[imastu pidgitaswell] 28/1/2021 09:21

Just sit on them - with that spread it's a guaranteed loss as soon as you buy if you just do the standard stop loss thing (which I just do not and will not do).

It's a valuation thing - at some point, and no-one knows when - it will be valued appropriately.

I have 'traded' a few over the past 12 months, but only for profits - it's not a stop-loss share.

[plat hunter] 28/1/2021 09:17

Well I've been well truly slapped up here

[tiger60] 28/1/2021 09:03

Frustrating times to say the least

[trader536] 27/1/2021 13:56

400% profit at GRL 👍

[tiger60] 27/1/2021 09:42

End of FMOC meeting today will be the next driver for gold. If signal no change then this will drive gold up but we need to wait until this afternoon/evening our time. 7.30pm onwards

[kennyp52] 27/1/2021 09:35

Imastu .. FRES very like CEY ... could just as easily get hammered . The market just doesn’t seem able to make its mind up whether to go risk on or off IMHO . Gold consequently has no direction but at least holding around the $1850 enabling all GMs to staying hugely in profit but then no share price reaction . Risk on stocks too high to invest in IMHO .. a bubble ready to burst it seems to me .

[imastu pidgitaswell] 27/1/2021 08:39

Only after POLY report production on Friday - I reckon that will be the turn, although FRES today might mark the low point; I think they have misread it marking it down. But I would say that, wouldn't I?

POLY will be reporting increased production which with PM prices will mean (massively) increased, revenue, profitability, dividends - everything. And the others will benefit.