Serabi Gold Share Discussion Threads

[cbeadle] 05/8/2019 07:43

Come on it’s only 20, I would say 50 or 80 would be flying though

[gregpeck7] 05/8/2019 07:36

Considering in the previous 8 odd tears gold was locked in a 100 usd range. I would say up almost 20 is flying... all time high now in many currencies.

[ppvn] 05/8/2019 07:32

Hi BJH, spot prices are $1,456 - are you looking at futures?

[cbeadle] 05/8/2019 07:30

Not exactly flying but rising a bit which should be good for SRB

[richyf3] 05/8/2019 07:26

Gold is flying!!! Srb will follow suit

[borisjohnsonshair] 05/8/2019 07:24

Where do you get your price from. You always seem behind the curve. 1470 now.

[gregpeck7] 05/8/2019 07:09

Heading for 1455 now. No reason for gold to be weak. Finally getting the message. I can see these having an absolute stormer today.

[sherry35] 05/8/2019 04:06

Poked above $1450 on HK market around 11 PM EST.

[gregpeck7] 04/8/2019 15:05

As long as gold goes up and Brazil is stable. I'm easy :-)

[borisjohnsonshair] 04/8/2019 12:34

Yeah but we don't want the scenario that it's bullish for tinned food, guns and gold!!

[gregpeck7] 04/8/2019 11:16

Iranians nicked another oil tanker it seems. All looks very bullish for gold tomorrow.

[borisjohnsonshair] 04/8/2019 09:32

Correct but I think 1475 is another hurdle. Close on Friday above resistance. I expect 1470-1475 soon

[loganair] 03/8/2019 22:48

I understand if the current resistance level goes, then it is blue sky all the way up to the next resistance level of $1,520.

As most of a miners costs are fixed costs, then most of any rise in the price of gold goes straight down to the bottom line as profit.

[gregpeck7] 03/8/2019 21:56

1457 seems to be a pivotal price point based on my readings this weekend for pog. If that breaks then it should really start to motor.

[borisjohnsonshair] 03/8/2019 19:53

Perfect storm - PEA, high gold, low liquidity, seller gone. This could easily go to 75p.

[jeanesy] 03/8/2019 19:46

If the sellers have gone and the PEA due next week is good then surely this will see some substantial gains.

[loganair] 03/8/2019 15:45

Gold price surges to record high in 73 currencies:


[GBP] joins no less than 72 other currencies, including the Canadian Dollar, The Australian Dollar and perhaps most significantly, the Indian Rupee.

In short, there has been a stealth bull run in gold and by simply watching the dollar gold price, some investors are missing out.

[bomber13] 03/8/2019 11:01

I would totally agree that both Anker and Garraway are history as sellers of Serabi .

Since both of their last holding announcements at the end of April , 14m shares of Serabi have traded or 24% of the company , which is quite remarkable when you consider that 58% of Serabi is tightly held by just two shareholders , Fratelli Investments and Greenstone Resources . Of those 14m shares , 4m were traded in the last 3 days , nearly one third of the 3 month total . As of end April , Anker held 1.698m shares ( less than 3% ) , and Garraway held 2.847m shares ( 4.85% ) , a combined total of 4.545m shares .

Anker last reduced their holding in Serabi by 828/- shares at around 30p per share in late April near to the share price low . Given this level , and the subsequent run in the share price to 70p on good volume , it would seem highly likely that Anker are now out completely . Of course , they would not have to inform the market either .

Garraway last reduced the 5% holding they inherited from City & Financial by 100/- shares only at around 40p in mid-April . Given the share price has been holding well above this level since early June , and as high as 70p on good volume , it is also highly likely that they too have managed to exit their holding entirely . In fact , the delayed trade yesterday of 1,041,500 shares at 45p has all the hallmarks of being the final tranche .

We therefore have what is potentially a tremendously bullish technical and fundamental confluence in Serabi shares . Two large sellers are more than likely history , the Brazilian gold price is at record levels , and the Coringa PEA is hopefully about to transform the IRR .

[richyf3] 02/8/2019 22:23

Seller cleared imho . They could have delayed the print longer but they haven't clear indications now that's it's done . Huge week next week. Potential here is fantastic can't believe it's still a £30mc complete bargain

[jeanesy] 02/8/2019 19:43

News on PEA due next week. Hopefully the seller is now done . Time will tell.

[ppvn] 02/8/2019 19:16

I think the dramatic move was moving to 48p from 72p over the course of the last few weeks!

We all knew that it was a seller. Hopefully they are now done!

[loganair] 02/8/2019 19:05

Over the past 2 days 2% of SRB has been sold with the largest sell being delayed by over 24 hours which suggests to me the seller has finished selling.

The seller would have had to report the sell to the stock exchange, however is allowed to delay the public reporting of their sells in order not to have too dramatic effect on SRBs share price.

[ppvn] 02/8/2019 18:26

It's good news. So I figure a holdings RNS should come out relatively soon then?

[loganair] 02/8/2019 17:43

In the scheme of SRB it is a big sell, over 1% of SRB.