Serabi Gold Share Discussion Threads

[tightfist] 01/8/2019 08:36

OMG! Crank-up the PEA printing press Clive!

[jeanesy] 01/8/2019 08:30

Predictable fall below 50p so far. How low are these going to go ?

[tightfist] 01/8/2019 08:08

Hi QS, suggest you take a look back to #2310/2311 to help with the question"why SRB?" (to which you need to add to the list the commissioning of the Ore Sorter, hopefully during Q4)..IMO there is a lot lot more to SRB prospects than PoG movement; the latest weakness in PoG may create another buying opportunity very soon, (before the Coringa PEA is published?).Cheers, tightfist

[jeanesy] 01/8/2019 07:25

Expect price to fall below 50p today with this fall in POG .

[gregpeck7] 31/7/2019 23:48

ECB will start printing money in September. Monetary policy is going one way. Looser. The fed still need to sell debt so they will delay the truth as long as possible.

[jeanesy] 31/7/2019 19:22

Some late trades reported but still not enough to warrant a fall today. POG fell on news and is now recovering . Now awaiting the conference which will tell us whether a further cut is likely in the near future..... sounds like not which is which POG is now falling again !

[gregpeck7] 31/7/2019 19:08

Sooner or later people wake up. They have nowhere to go from where they are. Money will be created and gold will rise. They will play the usual games though before it really starts rising strongly.

[gregpeck7] 31/7/2019 19:07

Fed have cut rates and the vote was 8-2 in favour so the momentum is there. I think 2 more cuts this year...

[ppvn] 31/7/2019 17:22

Ha! Don't tempt me. I already hold far too many of these as you know!

[gregpeck7] 31/7/2019 16:24

Yes PPVN, we just need this seller cleared out then we can move on to a sensible price. Take advantage...

[jeanesy] 31/7/2019 16:24

Still yet more buys and barely a reported sell. MM'S manipulation or delayed selling. Time will tell.

[ppvn] 31/7/2019 15:35

I'm fairly sure that this seller must be Garraway - they were sellers back in May and they stopped selling once Anker dumped a load and the share price went below the mid 40s.

As a reminder, Garraway acquired shares from City Financial that went pop back at the start of the year (I.e. so rather than having paid 72p as c&f did, garraway paid a lot less). We will I'm sure find out soon enough.

Annoying but there you go! At least these are really cheap again. I just worry I'm going to end up with even more of them.

[gregpeck7] 31/7/2019 15:29

Looks that way.. they have been working a sell for a while I think. Just need it to clear.

[jeanesy] 31/7/2019 15:16

Buys massively outweigh sells today and yet we are down ? ! Delayed sells to report ?

[qs99] 31/7/2019 11:24

thanks all for the gags and serious posts! have bought a few this am.....looking forward to the next update.

QS

[gregpeck7] 31/7/2019 10:56

I put this on LSE about a month ago, some points have moved on (positively) since.



Gold is making a nice comeback today, I am very bullish on the exit price for gold this year.

SRB having a dip before hitting new recent highs IMO. People trying to trade in and out...

Loads of good stuff coming down the tracks

1. Corninga PEA - Another resource upgrade?
2. Final Coringa payment - hopefully out of cash in bank - Looks almost certain now..
3. Strong gold price
4. Cinderella Shear - could be a huge new play
5. Increase in incumbant resource - based on current step out drill results
6. Mortoring towards 100,000 ounce per annum producer..

All in around a 30m package...

Just keep buying the dips and hold those shares chaps.. Every time I make some money on a trade I am just grabbing a few more!

[ppvn] 31/7/2019 10:00

Because it'll make your mortgage smaller and your appendage bigger.

Only joking. Their website has presentations and videos on there that are pretty good. Luckily this share doesn't appear to have too many breathless rampers on it either. And since they actually make money it would appear it's not an aim scam lifestyle miner either. But you have to make your own mind up.

[gregpeck7] 31/7/2019 09:57

Qs read the rns releases , look at the pog,and think where else you can get a 100,000 ounce producer, that's already doing 44,000 ounces per annum for 30 million ish quid valuation.

[qs99] 31/7/2019 09:29

Just looking at this now. Looks very interesting and am in heavy to CEY/SHG this year and last so like the gold sector. Have looked at RNSs, web-site etc, any good posts for more information on this thread please or would someone kindly post a "why invest" couple of lines? Many thanks
QS

[borisjohnsonshair] 31/7/2019 09:17

Very illiquid. Not sure why. Agree re spread but this is a big play. Lose 50% your money or gain 300-500% over two years. Spread not issue for long termers.

[jeanesy] 31/7/2019 09:14

The large spread doesn't help either !

[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.