racheal, just having a bit of fun with your mistake, but your trading attitude is right I got out long time ago as was doing all the wrong things. I think it was 78p my last sale. I wish a lot of others would do the same as too many just sit and sit untill they have nothing left to pay the bus ride home. |
Agree with all of that, and well traded! A consequential benefit is the broadening of the updated share register with a Brazilian fund, European ii's and hopefully improved trading liquidity. Hopefully some TR1's to follow. |
 Cinoib - call me ramper Rachael lol - tonnes or ounces potato pottatto - ya got me!
Turning to today’s interesting price action I just see Fratelli and greenstones moves as mirroring what we as private investors do - crystallise your profit and reduce your risk. Over the course of the last three years I have top sliced and sold out completely four times. The last complete sell out was at 112p and when the price rocketed up to 175p in March it did feel like I had missed out but the market gave me an opportunity to get back in at 125 and 134p - the recent rise up to above 180p was just too good so naturally I banked the gain and thanks to greenstone and Fratelli move I have been able to get back in at 143p today - the price is stupidly lower because 20% of the company changed hands but it is an opportunity for the little guy to get in at sale prices . Now if we could somehow convince the assay office we were rocking up with tonnes rather than ounces then I would have the money to join Katy Perry on the next moon trip lol! |
DPW good point to this morning news. |
Racheal. if any gold company produced 44,000 tons it would worth a mint. I doubt the whole world would produce that much in their life time. |
Chart analysis works best with large flocks of sheep but is not capable of predicting the reaction of sheep to wolves! |
Stan…
A double top on a 5-year stock chart is a bearish reversal pattern that forms after a long uptrend and suggests a potential long-term trend change from bullish to bearish.
Definition:
A double top is formed when the stock price:
1.Rises to a high (first peak) — marking strong resistance.
2.Pulls back — often retracing to a support level or neckline.
3.Rallies again to the same resistance level (second peak) — but fails to break higher.
4.Falls back again, breaking below the prior support (neckline), confirming the pattern.
On a 5-Year Chart:
The time between the two peaks may be several months to over a year, not just days or weeks.
It signals long-term investor exhaustion and a possible reversal in the multi-year uptrend.
Volume often declines on the second top and increases on the breakdown below support.
Key Traits:
Peaks are roughly equal in price, but don’t need to be exact.
The support line (neckline) is drawn at the lowest point between the two peaks.
A confirmed double top requires a close below the neckline on significant volume.
Implication:
Once confirmed, it often leads to a significant decline — potentially equal to the distance from the peaks to the neckline projected downward. |
It's not a double top....yet |
IIRC some years ago there were two funds simultaneously in redemption, and the overhang was ghastly..This time that they lined up UK/European ii's to take all the shares is notable, and (at least for me) bodes well. That feel-good factor was maybe why Classe Roca Magma came on board first? They have become the largest shareholder in 11 days, whilst there should be more trading liquidity too. |
It seems to me positive how Serabi have quickly managed to place the shares compared to the previous two times when a major share holder was selling out which both times took several weeks to clear the overhang and both times caused the share price to fall by more than 50%. |
Sold my last chunk today, I don’t like the double top |
Serabi is pleased to confirm the successful placing of approximately 20.7% of the issued capital of the Company with a selection of UK and European eligible institutional investors. |
Makes one wonder about a dash for (sterling) cash? Or is someone desperate to settle imminent liabilities elsewhere? |
Makes one wonder if there are any other large holdings to be sold. At least this sale has resulted in no overhang of shares to depress the share price If PoG stays strong - even in devalued $$$ - it is easy to see SRB top 200p soon. |
Major investors negotiated out |
22% of SRB shares just placed at 135p - ouch! Greenstone are now out. |
Yes R, it does seem truly Giddy - just top-sliced a few at 184.05 - 46% up in 9 days was just too tempting!.Starboard obviously think there is further to go: " We feel that with our local knowledge and experience we can bring a complementary perspective at the shareholder level". Fair enough! |
I know the price appreciation here feels giddy but if gold is going to hang around 3200 for an extended time and we do produce 44000 tonnes then revenue for 2025 would be 140M - greater than current market cap! Is it really too expensive ? |
Thanks for asking the question.I'm not convinced by the explanation given but maybe they haven't given all the details of why it makes sense. |
Question to Serabi:
With Serabi having such a good cash balance of $26.5mln, after paying off the Itau Bank in Brazil what was the companies reason for taking out a new loan for the same amount with Banco Santander?
Reply:
We use this local US$5.0 million loan to finance the purchase of some of underground fleet instead of entering into finance lease contracts.
It is very possible we will not renew this loan in 2026. |
Last time I saw a P.E. this stupid was Asc and look where that is now or Arm now bought out. |
I think anyone who bought in a couple of weeks back in the 120 region, should take their slice and sit back and wait for the next fall as this is going to fall as well over priced and unless that license comes through will crash back to Earth with a bump. |
Just idly wondering would the greenstone transaction have been above current market price and will we ever know what price 20% of the company changed hands at ? |
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