Serabi Gold Share Discussion Threads

[tightfist] 22/3/2017 14:53

PoG on a roll and not a single SRB trade all day! Comatose, or what?

[kinloch] 20/3/2017 20:43

could they be short of stock looks like trades to-day were buys but marked as sells.
we shall see.

[kinloch] 16/3/2017 20:04

Could get a move up as the tsx has moved up twice this week.

[tightfist] 16/3/2017 07:10

Maybe the overnight strength of PoG (and GDXJ) will see SRB finally break this 8 month downtrend? Here's hoping...Guess the results are still two weeks away?

[rajaster] 14/3/2017 18:00

Moved up today again..sells are all buys..but cant see any large tradea above 100k.

[hraj] 08/3/2017 14:43

they were as of yesterday tightfist.. today its back to the same old

[tightfist] 07/3/2017 09:04

Good....seems that Buyers will now pay 5p or 5.2p, hopefully the start of increasing awareness/confidence? Or just that results are probably only three weeks away?I thought the latest Corporate presentation was rather good, clear vision of the organic opportunities - and thankfully seemed to down-play the M&A aspirations we heard of last year.Cheers, tightfist

[bigdazzler] 06/3/2017 16:32

Still 3/4 of a million shares so far in batches of 1/4 million is very positive.

[kinloch] 06/3/2017 15:33

Seems our buyer will pay 4.8 hence the holding back of the price.

[bigdazzler] 06/3/2017 11:23

Yes I'm liking the look of Srb as well.

Certainly long term aiming for a run back up towards the July 16 high of almost 7p

[kinloch] 06/3/2017 11:17

Some big buys coming in is the message getting through.

[loganair] 03/3/2017 08:31

The U.S. Mint has sold 27,500 ounces of gold in various denominations of American Eagle gold coins, its lowest sales record since December 2015, when the Mint sold 500 ounces of bullion. Gold coin sales fell 67% compared to sales seen in February 2016, according to the latest sales data from the U.S. Mint.

Surging gold prices since the start of the year created significant weakness in the physical market, with bullion coin demand falling to its lowest levels in 14 months.

Comex April gold futures settled February at $1,253.90 an ounce, up 9% since the start of the year. Going forward, higher gold prices, growing market uncertainty and higher market volatility will continue to weigh on demand.

Phillip Streible, senior market analyst at RJO Futures, said to Kitco that he is not surprised that coin sales were weak last month. He added that expectations that the Fed will raise interest rates three times this year could continue to keep bullion demand muted.

“It is a lot of money to put up for a one-ounce coin. As interest rates rise, investors might be thinking that it is more attractive to that money and invest it in a yield-baring asset,” Streible added.

Simona Gambarini, commodity economist at Capital Economics, said that weak bullion demand is not just a North American phenomenon as higher prices and market regulation take their toll on demand in India and China.

“In India, we expect the effects of demonetization and efforts to increase transparency in the gold market to curtail demand. For China, a slowdown in economic growth and a change in consumer preferences away from gold will likely weigh on consumption of the yellow metal,” she said in a recent report.

She added that in current market conditions, investors are probably looking for more liquid assets than gold coins.

“In times of high volatility and market uncertainty, I think investors will turn more to gold exchange-traded products as they are more flexible than bullion,” she said.

Weak bullion demand is one of the reasons, Capital Economics remains bearish on gold, expecting prices to fall to $1,050 an ounce this year.

[bsg] 03/3/2017 08:26

I can see gold slowly drifting down, a couple of rate rises in USA will see to that. Plus AISC of 950-975 isn't great.

[cotton4] 03/3/2017 07:37

Would tend to agree kinloch but still feel there are short term head winds.
The pog is not helping nor is the strength of the real v dollar. I am dissappointed that they are not quite debt free given that we now in March which indicates they may be having short term cash flow problems. I will wait and see on this one meantime.

[kinloch] 02/3/2017 20:13

Excellent presentation given in the last few days well worth reading as regards future plans.

[cotton4] 22/2/2017 13:37

Always possible. However too many unknowns for now.
Outcome of drilling. Strenghtening Real. Are we debt free or do we need the cash.

[kinloch] 22/2/2017 13:32

Is there a placing coming.

[kinloch] 09/2/2017 19:44

Our friends are at it again to-day with a big sell at days end are we ever going to see an end to these amounts and do we have any idea who the seller is the share price will not recover until we see an end of this supply.

[hraj] 08/2/2017 15:32

nice find rame

[rame4] 08/2/2017 15:12

hxxps://www.ig.com/uk/market-insight-videos?CHID=9&SM=TW&REF=IGTV&bctid=5315453050001&bclid=3671160850001

[hraj] 08/2/2017 09:32

hi tightfist, the real is trading higher than it should be and economists and the brazilian gov are looking to implement measures to weaken the real:




should be trading somewhere in the region of 5.45 vs the dollar rather than 4 vs the dollar right now.

although i admit this doesn't mean a whole lot to me.. trading gold for direct dollars or gold for real and then dollars??.. how does it work?.

[tightfist] 07/2/2017 15:23

This is slow motion compared with most Gold miners at present; SRB always seems that way. I guess it's PoG action that has stirred it a little today.The Results are still about seven weeks away, and there is ongoing uncertainty about expansion plans and acquisitions? Also the Real continues to gain strength, up about 5% compared with the average in H2 - not helpful at all. The AISC always feels a little disappointing, although they generally hit their forecasts.Cheers, tightfist

[hraj] 07/2/2017 12:41

slowly slowly.. charts looks a little bit better again.. if 5p can be broken i expect 6p pretty quickly.

[sleveen] 26/1/2017 16:24

Agree multifactorial valuation measures that combine to derive a MC.

Add to that stamp duty is payable too!

[hraj] 26/1/2017 10:32

hi sleveen yes i have £28 million can be seen as a little high vs some peers.. but not long ago a company like this would be worth somewhere in the region of £100 million.. there multiple avenues to look at the valuations.. e.g. net debt.. AISCs.. actual profits,size of resources, and assets..i think with serabi the market has valued this quite fairly.. if they can confirm debt repayment then i can expect £40 million mc, that would be around 7p again if my maths is correct.

abit frustrated by the lack of brr this time.. the board have been quite and i wonder why and what their planning. they did say they wish to pay down debts by year end .. there hasn't been any confirmation..

ps note the debt of both aaz and sgh , but potentially much bigger projects and debts will be paid down fast if they maintain their low AISCs ie aaz is only $700, so much better profits.. their debts something like £28 million. i forget all the details as im not invested.