Serabi Gold Share Discussion Threads

[ppvn] 10/6/2019 12:05

I guess if they have nothing on their book they can't sell any. I had to get my broker to call a market maker directly a couple of months ago as I figured it was an unmissable price - but then Anker sold and I was able to buy plenty then online with no problems.

It'll be interesting to see if Garraway resume their selling now we are in the 45-50p range. Otherwise I don't see where any shares will come from.

[gregpeck7] 10/6/2019 11:41

Ppvn I agree. It is illiquid, but recently I have been unable to even buy 2 shares online. Added another thousand ish today and have to negotiate with the market makers for 44p. For 20,000 I made a query and they wanted 50p , that was half an hour ago. I think these are being hoovered up. Value seeps out of every vein here.

[ppvn] 10/6/2019 11:12

It's quite frequent you can't buy any. Believe that to be because it's a very illiquid stock.

I've been here for a couple of years and ended up with a rather outsize holding primarily due to the fact I believe that anything under the 72p that Greenstone et. al. paid last year is very cheap. Since that investment, Serabi have been more profitable than they expected, made what looks to be a few significant discoveries and are seemingly laying the blueprints for several c. 50k oz per annum mines that will be hopefully producing at around the $8-900 aisc mark.

I'm pleased the share price is rising, but it is only a reflection of just how far serabi fell. I have topped up and topped up until I can't really top up any more because frankly I'll have too many shares here. I'll take a look again when Coringa is up and running and with luck the market cap should be a few hundred million rather than the still pitiful £25m we are today.

[gregpeck7] 10/6/2019 11:00

Marked down but you cannot buy any... 47p for 10,000 shares...

[gregpeck7] 10/6/2019 09:40

Gold moving back a bit today but still solidly in an uptrend. Srb taking a small break before resuming upwards progress. Agm next week... tick tick.

[tightfist] 08/6/2019 13:14

Hi gregpeck7,IMHO the ore sorter may become a game-changer. A cost reduction of 50USD/Oz would be worth about $2-3m pa; if alternatively it can increase gold production from increased Palito ore throughput by, IMO, 10k Oz pa with only the incremental cost of mining, it would be worth ~$12m pa from my calcs.Is anyone else going to the London AGM next Friday afternoon? Hopefully the Coringa PEA and funding proposal will precede.....Cheers, tightfist

[gregpeck7] 08/6/2019 12:05

On this market and this stock we are AHEAD of the curve.. People are just starting to adjust to gold stocks, many are bombed out.. Gold has not been the place to be last 5 years or more.. It is now.. Agile investors moving now will reap the biggest returns... The herd will come, I do not see a "bad" scenario for gold at the moment, I think it will enter a 1350 - 1450 trading range.. Possibly higher... This will transform the likes of SRB on its own...

Throw in a ramp up to 100,000 ounces , an ore sorter lowering costs by 50 USD a tonne and a Coringa PEA thats imminent and this is the place to be...

I will be adding Monday...

I think / hope next week this breaks (and holds) above 50....

I think all gold shares will do well, this one particularly so... Can see a pound here before the year is out.

[mrfixituk] 08/6/2019 10:00

This seems like another which is going crazy! With market conditions right and a company in good shape it's easy to make money preferably get in at the bottom. This has just moved across the 200 day moving average on big volume. 70% increase in revenue and profits is all I look for now at the financials. Yahoo, MSM and Investing.com has a screener to find them.

[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.