Share Name Share Symbol Market Type Share ISIN Share Description
Serabi Gold Plc LSE:SRB London Ordinary Share GB00BG5NDX91 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 82.00p 80.00p 84.00p 82.00p 82.00p 82.00p 5,965 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 33.9 -3.8 -8.8 - 48

Serabi Gold Share Discussion Threads

Showing 7526 to 7549 of 9775 messages
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DateSubjectAuthorDiscuss
10/6/2019
15:40
It seems to me the gold price starting with 14... will only happen when the US$ weakens, which will not happen until the Fed starts cutting its interest rates.
loganair
10/6/2019
15:35
Re gold price, it looks and feels like a price spike is coming I cannot help thinking the new range will start 14...
gregpeck7
10/6/2019
15:34
Volume here really picking up nicely. That's all we need. 4 more days to agm ukdate. Be good to be solid on the 59 range by then.
gregpeck7
10/6/2019
15:08
curlly - not at the same time. 1. happens first, then 2. happens second....when the Fed funds rate hits '0' the stock market will then fall significantly.
loganair
10/6/2019
14:53
loganair So which one is it 2. stock market rise to record highs 4. stock market falls 30 -50% it cant do both
curlly
10/6/2019
14:28
Dont you think 1500$ is still a bit conservative I predict a bigger spike of 2000$ + beating 2011 all time high around the 1850$ mark
mick1909
10/6/2019
14:02
This is how I think things will play out. 1. Fed begins to lower interest rates 2. Stock markets rise to record highs. 3. Fed funds rate hit '0' Zero % and launches QE4. 4. US$ weakens further and the price of gold reaches $1,500 an ounce 5. Stock market falls by 30% to 50%.
loganair
10/6/2019
13:50
Agree, and gold has consolidated for a long time now, it's time for a breakout they won't be able to stop.
gregpeck7
10/6/2019
13:46
Fed funds rate, each time is a lower high followed by a lower low which most probably means this time round it will bottom out in negative territory with massive QE4, which will completely debase paper money - which is very good for the price of gold as the interest rate will be way under the rate of inflation.
loganair
10/6/2019
13:44
Does not matter. Negative interest rates are likely coming. The world is doing a Japan and it will need a super jolt. The banks had the warning shots in the financial crisis and they have modified product range to take account of negative rates... 2 to 3 percent in this day and age is a high interest rate. Ecb have nowhere to go either, bank of England the same. The world is waking up to this reality and looking at gold.
gregpeck7
10/6/2019
13:39
Rates can't go that high again. Corporate and personal leverage is so high everything will be a bust if they did. So they won't! I just wish I had an old base rate +25bp mortgage. Fairly sure in a few years the bank would be paying me money...
ppvn
10/6/2019
13:32
How can 2 1/2% Fed funds rate be over tightening, when 2 1/2% is still at historic lows. I remember having to pay 11.5% on my mortgage with 5.5% on my Instant Savings account and 6.5% on my 7 day savings account.
loganair
10/6/2019
13:29
50p for 5000 and no quote for more. The expectation seems to be that the fed will message a cut in June with it taking place July... fed have realised they have over tightened and Donald is causing big headaches for global trade.
gregpeck7
10/6/2019
13:24
The market is now expecting the Fed to cut interest rates in July... If the Fed do, I wonder how the markets will react??? If the Fed do not, I wonder how the markets will react??? As for gold, if the Fed cuts interest rates, would normally mean a weaker dollar which is positive for the price of gold.
loganair
10/6/2019
13:17
Caution Greg pumping this on every bb.
tidy 2
10/6/2019
12:49
Other point to consider is since they sold the outlook for gold looks significantly more positive. They may well be regretting that sale.
gregpeck7
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.
ppvn
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.
gregpeck7
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.
ppvn
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.
gregpeck7
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
tightfist
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.
gregpeck7
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.
mrfixituk
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