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Today's drop is a bit of a head-scratcher. Anyone identified a link?
Gold price means this is very much undervalued.With news around the corner expected to send the s.p. to over 120p ,in my opinion.This has been under the radar for too long and is only just gaining traction with investors.
Picked up a few more here on weakness today. Gold flying again today and some good news hopefully out here in the next few weeks / months on quarterly results and Coringa.
Hopefully with the likes of Kave Sigaroudinia starting to load up here also is showing a willingness for some IIs to start to come back to this sector, liquidity / momentum is desperately needed.
Bound to be a pullback at some time. Sold a third of my stock, but now content to wait for news and , hopefully, more gains in the SP. ATB
Looks like some of the money that came here from Shanta may be heading back…
It’s got to be bullish that after a near 100% rise over six months IIs are adding, not taking profits…
A combination of even higher POG alongside progress with Coringa and this really takes off. Big q1 in store.
Another very high volume day yesterday. 1.2 million to go with the 1 million on Tuesday.
It's not just Kave Sigaroudinia who is buying and increasing his holding. The buying is wide spread.
He's an investment manager at Baillie Gifford! That's a cracking endorsement of where SRB are going. ATB for today all.
Kave Sigaroudinia increased his holding to 4.2% yesterday. a 1.1% increase. ATB
Someone is buying SRB shares!
Its unclear. The trial license has expired. Production continues, which is legal, until an order to stop issued.
****goestheeasal re your post on the shg bb about srb and coringa license expiring in a month's time... i think you need to do a bit of research as that's simply incorrect.
Both yesterday morning and this morning the MM's have quickly run out of stock so buyers are restricted parcels of usually 5k or less until sellers come in to provide liquidity. Serabi is in big demand as we saw later in the day yesterday when the MM's found stock to sell. Volume reached 1 million plus which is the highest since April and the second highest in the last year..
It was 115p just over 2 years ago....It could go over that with so much going for it now....
Once 50 pence goes there is a gap up to 77.0p
Going up higher and higher daily. Large profits are pretty certain now with the high gold price.
This high Gold price goes straight to higher profits. Looking very good for a rising share price. 60-70p at least and perhaps more.
Only 75.73m shares are in issue so it only takes a few buys to raise the sp. Probably a rerating soon of £1-30 +. I reckon 2024 will be their year of exciting times. See that today's rise of 9 - 10% is showing no trades so maybe some news soon, or maybe it has been tipped. An interesting bullish news report follows. ..........
PRESS RELEASE 19 DECEMBER 2023
SERABI GOLD plc (“Serabi” or “the Company”)
SERABI GOLD PLC
The Long Barn, Cobham Park Road, Downside, Surrey KT11 3NE This document is not intended to and does
t +44 (0)20 7246 6830 f +44 (0)20 7246 6831 e contact@serabigold.com www.serabigold.com not amount to an invitation or inducement to
Registered Office 66 Lincoln’s Inn Fields, London, WC2A 3LH Company Number 5131528 subscribe for shares in Serabi Gold plc
“Additionally, the discovery of new potential porphyry systems at Ganso and Cinderela, in addition to the other
discoveries in the region, are advancing the Tapajos province as an emerging copper province in the north of Brazil,
and Serabi’s land package and quality data puts us in an ideal position to take advantage of this. Mike Hodgson CEO commented.
“We are excited about the positive results we have received from the Matilda prospect and to intersect porphyry
mineralisation in 12 out of 19 holes is a very encouraging indeed. The drilling has continued to expand our geological
understanding of the system.
“We believe that the Matilda prospect is still in its infancy and has much more to deliver. Typically, first stage drilling
into porphyry systems would be in the region of 15,000-20,000 metres, so we are delighted with these results after
just 7,500 metres. The drilling indicates the copper potential remains open along the strike and at depth, especially
because of results received for the recent holes MT-018 and MT-012. Matilda’s geological characterisation as an
Alkalic Porphyry style system helps guide our exploration strategy and suggests that further results can come from
deeper drilling.
Home - Serabi Gold
Share price is up 88%. Certainly broken out now. Heading back to 77 pence on the chart. Going higher and higher.
Up 11% now. Still got a lot further to go. With the worries in the world its not surprising people want gold and in this case the next best thing. A Gold mine. And certainly we have one.
It wants to be in the 50p’s..
Lovely Gold.
Another new one year high. Higher and Higher highs. Always a good sign.
Going much higher. Back to 60 pence and onwards from there. Super profitable outfit now at the current share price. Expect big uptick in profits...
I wouldn't call the cash pile huge for a producing goldie but it's growing day by day and coupled with the lack of debt means the balance sheet is incredibly clean. And against such a low market cap it's certainly significant.
The combination of (i) strong net cash position, (ii) gold above $2050, (iii) great strides forward on sorting Coringa licence, (iv) potential cash injection and new gold mining opportunities from Vale partnership means we really should be seeing the share price at/around the 5 year highs of ~110p.