Serabi Gold Share Discussion Threads

[loganair] 07/6/2019 22:14

In terms of time, we may be in the longest economic growth/expansion in history however it has been such shallow, low, weak growth the actual growth/expansion in percentage terms has been over 50% less, less real GDP, less industrial production, less real income growth then in other shorter periods of growth/expansion.

And to get this less growth/expansion the major central banks have had to slash their interest rates down to around ZERO and print trillions of dollars in QE.

In the next down turn I can see interest rates needing to be cut/slashed to at least -1%, leaving a huge negative real interest rates with absolutely ginormous amounts of QE and money printing that will debase the value of money even further. As gold is a maintainer of wealth means that the price of gold will rise significantly....well, my thoughts any way...

[ironstorm] 07/6/2019 19:01

That kind of strong performance today bodes well for Monday.

The economics here make more and more sense. After this rise still so very cheap and got a long way to catch up.

If operations push on then the differential is greater still.

[loganair] 07/6/2019 15:59

If non-farm payrolls are poor will mean a higher liklihood of the FED reducing interest rates to produce negative real interest rates which is very positve for the price of gold.

[gregpeck7] 07/6/2019 15:30

Gold up almost 12 usd now. Non farm payrolls not looking good.

[loganair] 07/6/2019 13:44

Gold in the local Brazilian currency is down.

[gregpeck7] 07/6/2019 13:32

Gold up another 8 dollars now. No stopping it.

[gregpeck7] 07/6/2019 13:19

Also gold looks to be trending higher.. up another 2 usd as I type. Which changes everything...

[loganair] 07/6/2019 12:34

It seems to me when Serabi share price was trading at between 30p & 40p was correct for this year.

Now we're halfway through the year the market is able to start to look at next years forecast earnings which means initially trading around 60p to 70p the lower end of revenue multipuls. When there is more insight to the 2020 earnings then the share price will be able to trade accordingly.

[gregpeck7] 07/6/2019 12:20

Thanks for that mate.. and with a rising gold price... and with their costs dropping after bringing the ore sorter online... it does look like volume and interest is finally coming here.

[loganair] 07/6/2019 11:56

It seems to me the average multipul for gold miners is around 6x earnings per share, for a growing miner is around 8x.

Year ending with forecast earnings per share/price per share at 6x & 8x earnings:

2019 - 04.5p = 27p/36p
2020 - 11.2p = 67p/90p
2021 - 15.7p = 94p/125p

[gregpeck7] 07/6/2019 11:46

Indeed.. this was 120p 18 ish months ago... development has continued and this is finally coming into focus as a vastly undervalued miner.

[loganair] 07/6/2019 11:43

SRB are doing what Trans Siberian Gold (TSG) did about a month ago. A very undervalued gold miner that suddenly took off and doubled in price in just a week.

By 2021 SRB will be in a position to start paying a dividend.

[curlly] 07/6/2019 11:04

Or it could be just a good old pump and dump

[gregpeck7] 07/6/2019 11:02

We need to crunch the numbers for 100,000 ounces with gold in a 1350 to 1400 per ounce range.

[cinoib] 07/6/2019 11:00

Sell 10k at 51.5 buy 5k at 52.1. Just rang through and got a shock as was going to buy but not after 40% rise will sit and wait.

[gregpeck7] 07/6/2019 10:59

To be honest this has been brewing a while, steady production, improving gold price, Coringa online date getting closer. Where else can you get a 100,000 gold ounce production company with a mkt cap of 25m. This has been much higher in the past with much less done. Is Coringa pea in the post??

[curlly] 07/6/2019 10:57

We never move like this is something up?

[gregpeck7] 07/6/2019 10:55

Ill sell some of mine at 100p

[gregpeck7] 07/6/2019 10:44

Large buys showing up from earlier as sells... got to love the mm's

[gregpeck7] 07/6/2019 10:40

Looks like negotiated trade for more than about 5000.

[gregpeck7] 07/6/2019 10:34

No stock available at these prices. Gold is where you need to be at the moment.

[catsick] 07/6/2019 10:31

This thing moves on nothing 25k shares and its up 10pct .....

[gregpeck7] 07/6/2019 08:47

Gold price turning higher again...