Serabi Gold Share Discussion Threads

[backinblack80] 26/1/2020 22:58

Other than perhaps copper and Iron, did SARS have any serious affect on commodities?

[trader365] 26/1/2020 19:00

Coronavirus got nothing to do with market volatility you silly inexperienced fool

[tiger60] 26/1/2020 18:00

Of course you are right.

[borisjohnsonshair] 26/1/2020 17:17

Ummmm not when you consider the reason!! Coronavirus and lots of dying old people!

[tiger60] 26/1/2020 15:51

Index Futures falling. Good for gold. Good for producers - should be a good week.

[tiger60] 24/1/2020 18:39

I look for companies with limited shares in issue, little debt and profits.

I don’t like AAU. AAZ looks better but not tempted. Nothing other than this at the moment but looking at the Canadian and Australian exchanges now - will let you know

I think the gaming stocks with deregulation in the US was a missed opportunity. I was in GAN but sold out mid 70s - very bad decision.

SYS1, formerly Branjuicer, is another hold but it is a grind but any sign their new Adrating system has been adopted will see it shoot up, although I am no longer convinced it is the innovative product it was billed to be.

Also like ABDP out of the small caps

[borisjohnsonshair] 24/1/2020 17:20

No sorry, for Tiger. What does he hold?

[kennyp52] 24/1/2020 16:17

Trader365 ... I don’t believe you . All you are here for is stalking Boris ! Deramping shares you don’t invest in is pretty pathetic . 🤡 POG rising late in the day .

[king suarez] 24/1/2020 16:06

Boris, was that question aimed at me? If so, sorry, I didn't understand the q..

[ironstorm] 24/1/2020 16:00

I am in AAZ and AAU for a trio of small cap miners. With an expectation that something could go horribly wrong for at least one. But one might hit the stars (my way of managing risk!!!!)

Also have a toe-hold in JLP but that will not replace SRB without much more visibility.

Here though I have a nagging doubt with this deal. An itch if you will that its being lined up to be taken off our hands. Hopefully not by a managed price decline.

Anyway my profits here give me some cushion to mull it over - and I don't yet have anywhere else - without spreading the money over a number of smaller riskier plays.

[borisjohnsonshair] 24/1/2020 15:59

Good post. What do you good?

[tiger60] 24/1/2020 15:29

Even today many of the minor producers are seeing gains. I feel the astute are positioning themselves. I may be completely wrong but time will tell. But you are right in terms of pointing out the risk of identifying just one company to carry my hopes.

I have holdings in Blackrock Gold and General which is a safe bet against large negative fluctuations but equally those multiples will never materialise. The money is in the small caps it is just having the courage of your convictions and identifying those with little appetite/need to take on debt and currently producing.

Any suggestions welcome but the sector is ripe

[loganair] 24/1/2020 15:27

The price of gold reaches yet another all time high in local BRLs and also is still holding above the all important $1,550 level.

[bsg] 24/1/2020 15:26

Rather a tight spread here at the moment, unusual. Something bad afoot I fear.

[ironstorm] 24/1/2020 15:22

Tiger you are correct of course. But is it this miner or a different one . . . .

Still holding here - but still undecided as to how much longer.

[tiger60] 24/1/2020 15:17

This board is not really a great advert for potential investors but reflective of so many unfortunately.

I think the micro story is OK. The funding, production levels and costs (althoughI note there is an outstanding declared short on Greenstone)

Value will be recognised via the macro story in my opinion. Indices at record highs and valuation stretched. Company balance sheets are healthy but retaining cash not investing. China with incredible level of bad debt undeclared and a bull market reaching levels that are unsustainable. The only factor in favour of continued equity progression is that we are in a US presidential year where there is a priority to keep markets high, even more so when Trump measures his success against Wall Street listings.

But even he may not be able to hold the flood of economic facts leading to a strategy of risk aversion. All of which benefits gold, all of which benefits gold producers. When the flight to safety becomes more than a trickle in the months to come then we we will see unrealistic valuations in favour of precious metals, ones that for the switched on will be a godsend. Gold producers will be in vogue in the months to come.

The Holy Grail being gold producers with low costs and little debt - any suggestions other than the ones I hold?

[trader365] 24/1/2020 14:23

Kenny the Clown - I posted my average price in post 4973, I have a few more than your 800 quids worth even after unwinding 80% of my position 142k shares at 90p. RSI is 48 how is that oversold you cluless clown

[borisjohnsonshair] 24/1/2020 10:16

500p target reiterated.

[trader365] 24/1/2020 09:10

Kenny the Clown - Look at my charts and my 42p average. 65p on dilution news is printed on the chart. I'm now waiting for 60p in Q1 before I start adding again

Your 80p buy when the spread was 10% and your ridiculous claim of making 3% a day daytrading is making you look like Billy Smarts head Clown. Its lucky you only got 800 quid to play with.

[borisjohnsonshair] 24/1/2020 09:06

Kenny you are correct. He's ridiculed on all boards and the few he's invested in, is down heavily. The least popular and successful investor in history. His mum hates him.