Serabi Gold Share Discussion Threads

[borisjohnsonshair] 30/7/2019 11:37

I've got a lot of these but will top up.

[borisjohnsonshair] 30/7/2019 11:36

Very wise words. Nice potential earner in a not too distant time.

[loganair] 30/7/2019 10:57

I can see in 2021 Serbai will be able to start paying a dividend which could easily come in at 5p per share, giving me a yield of 15% on my purchases. This is exactly what I did with Highland Gold Mining (HGM) which is now giving me a yield of around 30% on my purchase price.

[loganair] 30/7/2019 10:49

Serabi did say that their share price fell to below 30p because there was a forced seller and that the fall had nothing to do with the fundamentals of the company. With so few shares in the open market any forced seller would cause an unwarranted dramatic fall in Serabi's share price. This is why at 31p/32p I quadrupled my holding in Serabi.

[gregpeck7] 30/7/2019 10:43

Boris also seems to be a seller present, they have a diminishing pile. I'm looking at another 30,000 currently... there is not a better play on the market at the moment. Corninga pea literally any day.

[tightfist] 30/7/2019 08:40

Research time is well spent here. IMHO lots to like and plenty of potential news flow events and communicative CEO/CFO.There will doubtless be some execution slips along the way; hope the eagerly awaited Coringa PEA is not one of them!Cheers, tightfistNB: An interesting handle - not an association I would choose, but each to their own!

[loganair] 30/7/2019 08:23

Goldman Sachs - Further Fed easing risks further asset bubbles.

2 Fed rate cuts of 0.25% this year - insurance cuts as US economy does not need further Fed rate cuts.

Gains in S&P 500 driven by earnings growth (personal note - over past 4 years over 80% and since 2009 70% of S&P 500 earnings growth come from share buy backs)

[borisjohnsonshair] 30/7/2019 08:01

Tempted to pile in here. Need to research leaders.

[borisjohnsonshair] 30/7/2019 05:26

Resource upgrade late July early August. Interesting.

[borisjohnsonshair] 30/7/2019 05:25

It's possible their profits post 2021 could exceed their MCAP today, with limited debt. This could have an MCAP of 125-200M in a few years.

[gregpeck7] 29/7/2019 22:47

Back to gold, pushing 1430 - very exciting.....

If the US pushes rates down by 0.5 this week (which I dont think they will)..

I think we will see 1500 gold v quickly.

[ppvn] 29/7/2019 13:22

Consensus seems to be gold is in its 2001 baseline wrt where the US rates were as well as the stock market value vs. Oz of gold.

Really does look promising - gold stocks in general should do very well over the next few years. Particularly if they have significant upcoming growth and exploration prospects!

Edit: sorry tightfist, hadn't seen your message! I was unfamiliar with the gold thread but thanks for drawing it to my attention! Lots of the usual suspects on there, though I do sometimes find hard metrics tricky to apply to some juniors. I fell into a couple of traps previously when underestimating development costs, geographical locations as well as debt loadings. I'm a little more arbitrary with my selections these days but yes from a cursory look most of the names I have are indeed on the list!

[gregpeck7] 29/7/2019 13:08

Gold continuing to firm up over 1420... and the dollar is stronger

[tightfist] 29/7/2019 08:02

Hi PPVN,Belated thanks for your post #2602, it's interesting to see how far away from conventional wisdom we are both prepared to diverge! Obviously one has to make a good fundamental call and then your point about patience is critical. There is another market wisdom (from Warren Buffett?) about backing your best ideas in size which I sense we both believe in. In this case it's PM's and then SRB.O/T: I am not prone to talking about other stocks but IMO it's worth looking at and understanding Phillipines gold miner MML quoted on ASX. I expect you are already aware of the Small Gold Miner thread/dataset where Chip has been a long term stalwart.All the best, tightfist

[gregpeck7] 27/7/2019 22:11

Pea this week or next. Should make stonking reading.

[loganair] 26/7/2019 08:56

Positive for the price of gold going forward:

Bank of Canada - Even with negative interest rates, will keep buying European bonds as long at there is ECB QE.

Even with such easy money around why is there such poor growth this time round??? This may be the longest growth cycle in history, how ever the actual growth has been less then 50% of a growth cycle that is 1/2 as long.

There is talk of the Euro zone going into recession when there is already negative interest rates.

[ppvn] 25/7/2019 18:04

So the ECB has given cause for DXY to rise.

Ball is in the FEDs court. Only question remains is will it be 25 or 50bp?

[loganair] 25/7/2019 13:05

Gold up:

1. ECB looking at new assets to buy.
2. ECB leaves interest rates unchanged at -0.4%.
3. Record new lows on German Bunds rates.

[ppvn] 25/7/2019 13:01

Trump isn't going to like that, is he.

Oh dear. Haven't the talking heads made quite the pickle for themselves with all this loose monetary policy.

[gregpeck7] 25/7/2019 13:00

ECB saying money printing, let's call it what it is will likely restart in September. Gold should fly now

[ppvn] 25/7/2019 12:33

People say that don't they - but why did it go on a bull run for ten years after 2002 if that is really the driver?

What has caused it to rise from $1200 more recently too?

Inflation is less than half the story imo.

[loganair] 25/7/2019 12:20

I understand the price of gold is driven by the difference in the nominal interest rate and the inflation rate to give a real interest rate.

[ppvn] 25/7/2019 12:02

Quite interesting isn't it. The real metric here though isn't imo the EUR - it's the DXY.

Gold is still up comfortably in the $1400s yet the DXY has gradually been grinding higher - in June the jump in gold was driven by DXY falling from 98 to 96 - throughout July this has climbed back up to 97.7 yet gold is still way up there. If Mario does his usual dove act it'll potentially drive DXY higher - but then the FED will presumably respond in kind next week.

Next move in gold imv will be driven by the dollar move rather than anything else. And if the fed do cut by 50bp gold will be well into the $1500s.

[gregpeck7] 25/7/2019 10:29

Gold moving up nicely... ECB could really make waves today.

Watch the price of gold at 1.45PM

[tightfist] 25/7/2019 06:36

Thanks for that slide 4 reminder, it looks as though PH have taken Coringa potential top-up out of next year's forecast - prudent?. Note: it's presented as a chart of production RATE not annual production - maybe we have to wait a little longer for that!?The uplift for 2020 is presumably the last half of the tailings/scrubber supplement plus the ongoing Ore Sorter enhancement.