Serabi Gold Share Discussion Threads

[ppvn] 01/8/2019 17:25

The problem with that is 10 years of house price increases have been built on the back of low rates.

Also, the Gov't debt may become a little problematic going forward!

Low rates are here to stay unfortunately. If and when they do rise significantly it'll be because everything is blowing up, and not in a good way! Well, apart from gold!

[jeanesy] 01/8/2019 17:25

Its hard to decipher buys from sells today. Hopefully the seller is nearly done. I am not even going to try and predict/ say if that is the case though. I have tried with STCM and been badly burnt !!

[loganair] 01/8/2019 17:20

If I was in the Bank of Englands shoes, I would think outside of the box and raise rates. This would mean savers earn more interest on their saving so have more money to spend in the shops. Bond prices will rise which means pensions are worth more and pension deficits would fall.

The only people who would complain are those in debt, the rest of us would be far better off.

[gregpeck7] 01/8/2019 16:54

ECB cutting and printing, fed cutting , UK will do something, everyone cutting , money printing coming and gold fell. It's recovering today but they don't half mess with it.

[ppvn] 01/8/2019 16:52

Have just seen that they cut rates in Brazil by 50bp (more than expected) so the Real should weaken. Gold up at 5,450 in local currency which is pretty much an all time high.

[borisjohnsonshair] 01/8/2019 16:22

Yeah - sitting pretty here. Hang on in peeps. This could be 80p in a matter of days.

[king_baller] 01/8/2019 16:20

Gold rebounding. Nice chance for a top up :)

[spooky] 01/8/2019 16:19

Highest volume ever according to what i'm looking at on Sharescope.

[ppvn] 01/8/2019 16:16

Yes fingers crossed!

Perhaps I can upgrade my trade timing from "woeful" to "wonderful"!

Won't know I guess until a large trade is published and potentially an RNS though I guess?

[qs99] 01/8/2019 16:15

Looks like seller gone then IMO? Just bought a few quid and buying at full price shown for even a small amount...DYOR and hopefully the turn.

[loganair] 01/8/2019 16:10

There is no RNS out as there was last time and SRB haven't said any thing like they did last time when the Sp dropped from the mid 40ps to the mid 20ps.

[gregpeck7] 01/8/2019 16:08

Someone heavily buying now. I think seller has gone.

[ppvn] 01/8/2019 16:02

Garraway bought City Financials position at the beginning of the year. I assume they bought it at a discount (from memory we were around 35p at the time) and are just selling as a profit rather than as a view on the company. When Anker disposed of their shares, garraway stopped selling (there was an RNS on it - it was released quite some time after they had gone below 5% so I took that to mean they were still trying to work the sell order and had to abandon their effort) so think it's rather to turn a quick buck rather than a negative view on the company.

That's my interpretation though. And it does assume Garraway are indeed the seller.

(Edit: city financial were the fund that went belly up so had to dispose of all their shares)

[borisjohnsonshair] 01/8/2019 15:56

Do we know the reason the seller is getting out?

[ppvn] 01/8/2019 15:53

Blimey you have even more of them than me.

Let's hope a nice big trade is reported at or around close. That marked the end of the selling back whenever it was that Anker left. It has only ever been easy to buy size in this share when a seller has been actively disposing, when they arent you can only buy in tiny little pieces.

[loganair] 01/8/2019 15:51

When the SRB share price dropped from the mid 40ps to the mid 20ps was very easy to buy as many as one wished compared to before the drop.

[borisjohnsonshair] 01/8/2019 15:48

Gold bouncing nicely. News out tomorrow I predict.

[borisjohnsonshair] 01/8/2019 15:42

Bit perturbed how easy it was to buy!!! Could be more dropping but it's not time to focus on share price, best look at value. This company could be making more than its current MCAP in profits a year in less than two years!!! That being the case you could be looking at x 10 increase

[borisjohnsonshair] 01/8/2019 15:40

Just got another 100,000. No more. 500,000. I'm dam sure I'll be very pleased in 1-2 years.

[space_dust] 01/8/2019 15:39

£29m m/cap too cheap for a producer circa 40k-44k oz of GOLD plain and simple - if there is a seller once out it will bounce fast.

Only 59m in issue, the lower it goes the faster the stock will get cleared.

[goldry] 01/8/2019 15:32

Seem to be being hammered across the whole portfolio today. Why is it red days always seem to have bigger numbers than blue days...

[ppvn] 01/8/2019 15:28

Hey BJH,

This does remind me of May time when we dropped from the mid 40s down to the mid 20s. I can't pretend I know where the bottom could be but I'm hoping it isn't too far. I bought loads back then however the share price kept dropping as it is now - and it culminated in the very large (c.1mm share) transactions that marked the bottom when Anker had exited.

So I figure it could possibly drop a bit more, but then the PEA on the horizon meant I decided to buy a few more. My trade still hasn't shown up so I guess there must be more in the pipe to come.

[borisjohnsonshair] 01/8/2019 15:23

Confused.comI've brought loads and now in red but gunna get more. Seems too good to be true which is the only concern.

[goldry] 01/8/2019 15:01

I'm also not concerned about short term fluctuations. This has been on my watch list for a while and release of funds from a sale prompted the buy. I seem to be making a habit of buying in the teeth of a big seller and it generally works out pretty well if the fundamentals are good, even if you don't call the bottom!

[ppvn] 01/8/2019 14:56

Too true.

Unfortunately (or fortunately, in the long run) when there is a seller about it's never really clear where the bottom might be.

At this price though (£28mm market cap) with them having north of $12mm cash on hand plus any unsold gold inventories - well it's a bargain whichever way I look at it.

Yes they have the Coringa balance to settle which will take most of their cash on hand, however they have alluded to using debt to finance next years build out. Since I'm not here for a quick trade it's really neither here nor there that its dropping a bit.