Serabi Gold Share Discussion Threads

[borisjohnsonshair] 31/7/2019 09:11

Yep, I'm trying. 40k so far but after another 60k

[jeanesy] 31/7/2019 09:07

Added a few ahead of the expected PEA in next few days.

[borisjohnsonshair] 31/7/2019 08:50

Agreed this is on course to be 100-200p but has several hurdles to jump and also needs no nasty surprises. Solid time to get in and those that do could sit pretty for very good income in 2 years.

[gregpeck7] 31/7/2019 08:37

Agree everyone has to do their own thing. The next move here will be over 100P just need to wait for it.

[tightfist] 31/7/2019 08:24

A Risk averse climate? Some folk are sat in a ~80% profit in two months - A Profit is a Profit as the saying goes!

[jeanesy] 31/7/2019 08:21

A few more selling this am. Strange when news is imminent !

[gregpeck7] 31/7/2019 07:20

Logan, gold is up again ;-). .. in all seriousness it is Up again. Last time it did 5 or more days of consecutive trading rises was when it went from the low 1300's first above 1400. There is a big move brewing imo. It won't be the interest rate cut that does it but the post meeting signalling. Some very interesting articles worth reading about golds reaction historically to cuts in rates and when they feed through to the price.. also map the last financial distress period to the gold price and you will see we could be in for a huge rise here.

[tightfist] 31/7/2019 06:57

Hi jeanesy,I too thought it looked a little strange, but those 4 delayed reported trades (15k, 12.5k, 15k, 15k) were quite confusing; (I assume they were all yesterday). But when worked through on a timeline it seems to make sense to me based on current reports.A couple of fortunate Buy trades appear IMO to have gone through at 51.9p at 14:05.Cheers, tightfist

[gregpeck7] 30/7/2019 23:21

"With approximately 20,000 ounces produced for the year to date, I believe we can improve further during the second half of the year, most notably with the additional ounces the tailings treatment is now bringing. With gold prices very much in our favour as well as exchange rates, it is a good time to be a producer in Brazil. With this very encouraging first half of the year, along with the forthcoming PEA on Coringa and further positive progress on licencing and permitting, I look forward to reporting further positive news in the coming months". Firing on all cylinders here... particular attention to the last sentence and the positive reference. They know we have great news coming up...

[suncanaria] 30/7/2019 22:21

Almost time to resume buying here

[gregpeck7] 30/7/2019 20:41

The gold price looks as if it's breaking out to the upside. It's been a long time coming. If folks truly understood the concept of fiat currency, the price of gold would go through the roof.From a guy I follow on Twitter. And yes I agree with him!

[jeanesy] 30/7/2019 20:27

looking at the price chart i would have expected to see more buys than sells when the price recovered , but i dont see that. Perhaps there are some buys not yet reported ?

[gregpeck7] 30/7/2019 19:47

Last 4 trading sessions it's up every time.

[borisjohnsonshair] 30/7/2019 19:12

True, it's in a consolidation range. Cooked spring that could rocket to 1600-1750-2000. GDXJ a very geared punt on POG. High volatility but high risk / reward. If more cautious GDX a good fund.

[loganair] 30/7/2019 19:03

I do not understand where you are getting "gold just keeps going up" when gold has remained in a range of $1,410 to $1,430 an ounce for the past month?

[gregpeck7] 30/7/2019 18:55

Gold through 1430 an ounce. Gold just keeps going up. Srb must have a big day coming. I think the seller was substantially cleared today.

[gregpeck7] 30/7/2019 15:22

I think those days are long gone. Available stock is now a lot less based on what I can see. Pea comes in positive and 55p will look like the steal of the century

[borisjohnsonshair] 30/7/2019 14:49

Tempted but kinda hoping for much bigger drop!! I'd like 50% drop now to double up.

[gregpeck7] 30/7/2019 14:31

Interesting price action. Added a few more.

[gregpeck7] 30/7/2019 12:59

Cmon gold.. 1430 needs taking down :-)

[gregpeck7] 30/7/2019 12:21

Yep a token 1c per share could unlock further interest... SRB have said there is significant interest in their projects, I was not clear if that was from partners or financial institutions. There appears to be a real pivot towards gold going on, and we are way ahead of the curve here. Just wait for the herd.

[gregpeck7] 30/7/2019 12:13

Yep a token 1c per share could unlock further interest... SRB have said there is significant interest in their projects, I was not clear if that was from partners or financial institutions. There appears to be a real pivot towards gold going on, and we are way ahead of the curve here. Just wait for the herd.

[ppvn] 30/7/2019 12:02

They have always said they are going to expand rather than pay divs. I personally think that's not necessarily the worst plan as the area they operate hasn't been explored to any significant degree.

Once Coringa is up and running they'll have plenty of cash to expand but I do rather hope they pay some sort of div just to attract other investment funds. Some can't buy shares that don't pay anything.

[tightfist] 30/7/2019 11:49

Let's wait and see what marginal ROCE they can generate. My guess is that any dividend would be low/nominal and they would plough the FCF cash into expansion and/or acquisition. The BoD have minimal shareholding's.... IMO there in lies the clue?