Serabi Gold Share Discussion Threads

[ppvn] 10/9/2019 17:11

Bad day for holders but I guess it needs a bit of a breather occasionally.

[littlepuppi7] 10/9/2019 10:55

Before I read your last paragraph mate I was just thinking when do rules ever get in the way of mainland Europe doing exactly what they want.. remember those fiscal stability pact rules that they all stick to?

[loganair] 10/9/2019 10:48

The biggest problem the ECB have is that under their current rules they can only buy up to 1/3 of a countries bonds and have already almost reached this amount with several countries. Shows how many Euro bonds the ECB have already purchased in the past.

I have been hearing, this percentage maybe raised to 50%.

[littlepuppi7] 10/9/2019 10:44

Ppvn.. good to see the major banks upgrading gold... usually completely against their interests for gold to be strong so it's significant. I think it's still on the low side but a welcome move. All eyes ECB Thursday. Will money printing restart. In saying yes and would suggest half a trillion euros on an annual basis... for starters.

[tightfist] 10/9/2019 10:44

Yes - and I like the prospect of rapid and solid support around 79p!!

[littlepuppi7] 10/9/2019 10:18

Idiot alert. It's called standard behaviour at srb. Stock is illiquid here and it moves fast... understand...? Ps that rule applies both directions..

[ppvn] 10/9/2019 09:54

Just seen Citi have updated their baseline gold forecast to $1,675 in 2020 and possibly exceeding $2,000. Coringa PEA looks pretty good there.

Article on bloomberg if anyone wanted to google it (posting links becoming more difficult!).

[ppvn] 10/9/2019 09:33

Exciting is certainly the word isn't it!

Shame that it seems you can either have a share that does nothing for ages but a good board for discussion, or a share that's heading northwards but a dross filled quagmire of rubbish for a board! Oh well.

[borisjohnsonshair] 10/9/2019 09:02

Stock short. Moves fast. It's not related to business fundamentals.

[kennyp52] 10/9/2019 08:51

Dear me .. wtf is going on . Something seems to be in play here . Has the mine collapsed ? POG still around the $150O . Even at $1400 it is transformational .

[borisjohnsonshair] 10/9/2019 08:46

How exciting. Isn't the market fascinating

[borisjohnsonshair] 10/9/2019 07:11

Ha - you got that spot on first time. Well done sir

[borisjohnsonshair] 10/9/2019 04:49

All good Kenny - I'm happy with CEY holding. Will keep for years as is. Will buy more at sub 125 and masses at sub 100, which I don't expect. I strongly recommend you take a close look at SRB. Simple case - 40,000 output annually now, set to double in two years. AISC around $1000 and set to drop to $900-950. MCAP35M. Stupid as it could make that annually in 2 years. PE of 2 at the moment, dropping to 1. Hence MASSIVELY undervalued. Other exploration going on to boot. All with zero priced in. This is under priced unless gold drops to $1100 or there's a political disaster.

[kennyp52] 09/9/2019 22:12

Hi Boris . You got me sussed . Had chance to close out a serious profit and took it . I am fairly new to SRB so have not got some of the other guys in depth knowledge of the share yet but have left a small holding in place and keeping my eye on it with a view to potentially coming back in . I hold JLP and that kind of share , with the jam always tomorrow , makes it hard to not take a profit . CEY is different Boris as you well know - we both think we know that share inside out and you are right ... a correction is an opportunity to keep buying . All the best . Getting loads of grief from Plat . He has told an 80 year old over on CEY that it’s good he is going to die soon . Unreal!
Littlepup7 .. I do not actively try to talk down shares that is simply not what I am here for but I do post my opinions , good or bad . If people had taken note over at FRES they could be buying back in sub 700 . Their loss . At CEY I am very supportive of the share but acknowledge the reality that it has been shorted so many times in the last 12 months that for no particular reason it could be dragged back . This is what could be happening here ... if you read my post I say that I see no reason why the share dropped back and I wish all longs every success . You know this share well obviously and have massive confidence . Unfortunately I don’t know you from Adam and there are some very dubious characters on these boards . Boris is top man .

[plat hunter] 09/9/2019 21:35

Looks like a pump and dump to me

[loganair] 09/9/2019 19:11

In the first 8 months of 2019, China has increased its gold holdings by nearly 2.89 million troy ounces (99 tons) bringing their total holdings to 2,141 tons as of the end of last month.

[littlepuppi7] 09/9/2019 15:52

Boris he is at it on fres and cey , similar comments, I would just ignore him.

[trader365] 09/9/2019 15:48

Lol Kenny the clown is not very popular on ADVFN

[borisjohnsonshair] 09/9/2019 15:46

Kenny is a good egg. My question was sincere and after his opinion, which I've respected on other boards.

[littlepuppi7] 09/9/2019 15:36

He clearly wants back in.. funny watching people trying to trade this. If you cannot see the clear value proposition here in the pea you should not be investing. Kenny has his own little agenda, sell talk it down then buy back.. just ignore him.. buy and hodl.. I've no sold a share yet and not have you Boris as far as I know and out holdings totally dwarf the likes of kenny. We are orient investors though who know what is coming here and you don't sell at the first opp. This will be over 100p very soon.

[borisjohnsonshair] 09/9/2019 15:00

Hi Kenny. What weren't you excited about with the RNS. Post 3931 sums up the value extremely well. The figures suggest the current MCAP is way way toooo low. Respect to you for taking profit however if you'd just found this stock and not made a good profit, wouldn't you be buying not selling. I'm 45% up at the moment but buying more.

[kennyp52] 09/9/2019 14:28

POG ....its up .... its down .... no stability or direction IMO . Glad I cashed in now but cannot justify such a drop in the share price . Did not think the RNS was that great myself but it confirmed what people wanted to hear . Could find myself back in if this keeps dropping .