Serabi Gold Share Discussion Threads

[divmad] 21/8/2019 07:52

Yes, as hiddendepth's post to you in reply on the eco BB shows, you have seriously misjudged one investment theme. Let's hope you haven't here as well.

[borisjohnsonshair] 21/8/2019 07:51

Oillies don't like to hear that!

[littlepuppi7] 21/8/2019 07:24

I suggested ( in another board ) that fossil fuels time was drawing to a close. Clearly not appreciated!

[tightfist] 21/8/2019 07:12

Agreed, this is a respectful and informative BB from a healthy variety of viewpoints - let's continue that way.......

[loganair] 21/8/2019 07:05

Catch - No need for hostile toxic personal attacks.

[tightfist] 21/8/2019 06:50

More to the point has the ~62p level (which was Resistance for 6 weeks) now been demonstrated as a new Support level by Monday's pullback - and the likely way forward is upwards?.Chartgazing IMO.....

[littlepuppi7] 20/8/2019 21:13

Serabi closed at 1.09 on the TSX, very close to all time high..

Gold closing at days high up 12... Looks like a gap up tomorrow coming.

[littlepuppi7] 20/8/2019 20:01

Gold pushing an 11 usd rise. Fed will cut rates as the rest of the world are and they cannot stand alone else all bond income will flood into the us ( and you get the inverted yield curve) so all good for gold...

[littlepuppi7] 20/8/2019 17:19

Nice after hours buy. I wonder if any more are coming through.

[littlepuppi7] 20/8/2019 16:41

Let's hope so.. gold still looking strong.

[ppvn] 20/8/2019 16:33

Yes funny that. I set my alarm clock to "extra early..."

[kennyp52] 20/8/2019 16:30

some buys coming in at last .... nice end of day rise . Might continue tomorrow .

[littlepuppi7] 20/8/2019 15:18

Tax pretty much at all time high for Srb.... 1.07

[tightfist] 20/8/2019 14:06

Hi Loganair, I think you are correct about disappointment and damaged sentiment IF one is investing in the mainstream. However, investing in SRB is far more adventurous and these folk answer to their forecasts and IMO there have been credible and reasonable reasons behind any (small) shortfalls. .Currently MH is (in my judgement) playing it close to the wire - hopefully he can in 2020 open up a gap and potentially under-promise, over-deliver, eg I have mentioned here several times the significant recent softening of the PH revenue forecast for next year. The cash generation may actually become more important than the production numbers in 2020..Cheers, tightfistPS: Maybe tell your investing friends to track SRB?

[littlepuppi7] 20/8/2019 13:46

Just watch when the us opens. I'm expecting the cash to start really coming back into gold stocks this week. They have taken a little break and it's time to move up again... got a feeling it might even be today..

[littlepuppi7] 20/8/2019 12:31

!!!!

Gold up another 12 USD as well to put the cherry on...

[borisjohnsonshair] 20/8/2019 11:15

It is stupid to have potential FCF of 18M and MCAP 30M. PE ration of less than 2!!!! YOU WHAT!!!

[loganair] 20/8/2019 11:09

Sadly most investors think short term, just as far as the next financial report rather then 5 to 10 years ahead.

[ppvn] 20/8/2019 10:57

I think they've generally been pretty fair with their guidance.

If you read about the issues they had in Q3 last year (think they produced some 37k oz from 38-40k guided) the sao chico ore was historically more difficult and fractured - but that issue has been resolved. They did a load of lateral expansion in that time which diluted the grades of ore which led to the slight miss for the full year.

AISC has been higher consistently but again the ore sorter should finally sort (pun intended) this out.

As an investor here I appreciate it's been an issue but I also understand the difficulties with setting up small and remote mines in the middle of the amazon. I also understand the considerable experience the company has gained from these issues and the fact they are now far better positioned to deliver on their various promises!

[borisjohnsonshair] 20/8/2019 10:52

There's still stock trying to be dumped. This will go NUTs when all gone

[borisjohnsonshair] 20/8/2019 10:29

Growth investors maybe but not value. Different mindset.

[loganair] 20/8/2019 10:22

Boris - For investors this is a big deal.