Serabi Gold Share Discussion Threads

[borisjohnsonshair] 05/8/2019 12:08

You should unless you think they are going to rise 300% in next 18 months.

[cinoib] 05/8/2019 12:02

Am sorely tempted to sell some loss making stock and put here but fear and greed are holding me back, will see what this aft brings.

[1kiwi] 05/8/2019 11:46

Gold at $1460 again, SRB will get very interesting should it break and start tracking towards the next major resistance. 100K ounce per year and £32 million market cap says it all folks

[littlepuppi7] 05/8/2019 11:43

Gold just popped through 1460. Is this the 1500 run?

[jeanesy] 05/8/2019 10:47

Sadly not .. just moved down. Cant see this moving until we hopefully get some good news on the PEA .. could be any day now.

[littlepuppi7] 05/8/2019 10:26

10,000 shares available online. Looks like it's getting ready to move up again.

[borisjohnsonshair] 05/8/2019 10:01

Thought it was....I meant

[borisjohnsonshair] 05/8/2019 10:01

Ha - this it was or a twin!

[littlepuppi7] 05/8/2019 10:00

And remember every dollar on the gold price is pretty much 40,000 usd per annum to srb. It almost all goes straight through. They are now getting almost 200 more per ounce than last year which is highly significant. Even if they didn't raise production.

[littlepuppi7] 05/8/2019 09:56

Ps it's Greg here. Had to open a new account to get w better deal on my l2 subs!

[littlepuppi7] 05/8/2019 09:53

Just keep letting them do whatever they want.. This goes up long term as its just too much of a screaming buy at these levels... Some painful days last week but I think its behind us now and we will soon be seeing the 100p level breached.

[bomber13] 05/8/2019 09:34

Market-maker(s) may well be cashing in the stock bought on Friday at 45p , so it does not necessarily mean the 2 declared sellers are still at large , and , if the share price holds its rise today , that will give me added confidence that they are gone .

Lots of imminent news due , and not just the Coringa PEA . Serabi interims were on 14th August last year , so they will be out shortly , and given the recent high volumes in the shares , we may not only get confirmation that Garraway are gone , but also confirmation that there are new or larger shareholders on the register ? We are also due soil geochem results from Cinderella etc , which could be highly exciting , and it is worth noting that Serabi recently confirmed an Autumn drilling campaign around Sao Chico , so they must be confident .

[borisjohnsonshair] 05/8/2019 09:33

Reporting small sales, not larger buys.

[borisjohnsonshair] 05/8/2019 09:24

Nope - just did 20k and 30k. Easy. Big seller still got stock.

[richyf3] 05/8/2019 09:17

Shares are tightly held aren't they so any little selling and buying swings both ways quickly. When real buying volume hits I expect big moves .

[borisjohnsonshair] 05/8/2019 09:03

Seller still he buying is easy.

[ppvn] 05/8/2019 08:22

Overlay the 3 day DXY and XAU.

It was a big deal that gold was stable when the DXY was rising so much...

[loganair] 05/8/2019 08:07

All the talk seems to be about the Chinese currency weakening which is only balancing out any trade tariffs.

Also being reported yesterday their is trade tension between Japan and South Korea.

[borisjohnsonshair] 05/8/2019 08:04

Can we read between the lines on Coringa......taking more time as it's a super massive awesome update.

[qs99] 05/8/2019 08:02

Decent RNS on the back of POG going nuts, should send this sharply higher given recent movements, glad to be on board! DYOR

[borisjohnsonshair] 05/8/2019 07:59

Where's the resource news. End of July stated, updated in interview to be perhaps shifting slightly in early August.

[ppvn] 05/8/2019 07:59

Agree to disagree.

That's where Greg is getting his price from though; spot.

[borisjohnsonshair] 05/8/2019 07:54

If no change then you pay more for your gold in Dec as you'd pay 1470 but price would remain 1456 (today's spot)

[borisjohnsonshair] 05/8/2019 07:53

Nope it's just the premium you pay to have a future contract to purchase.

[ppvn] 05/8/2019 07:50

Ah. That's why then. Futures have the cost of carry built into the price so implies if gold was to stay constant until the contract expired, the small difference is due to storage/insurance etc.