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Bullboard - Stock Discussion Forum Serra Energy Metals Corp C.SEEM

Alternate Symbol(s):  ESVNF

Serra Energy Metals Corp. is a Canada-based resource exploration company. The Company focuses on the acquisition, exploration, and development of green metal projects. It operates two gold projects, namely the Beaufort and Myrtleford projects located in Victoria, Australia. The Beaufort property is a granted exploration tenement located in the southwest of Victoria, approximately 145 kilometers... see more

CSE:SEEM - Post Discussion

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Post by ATP300 on Aug 20, 2021 11:59am

Lockdowns

Do the current lockdowns have anything to do with current correction I wonder.
Same pattern for OZ.
Comment by Stocks2Go on Aug 20, 2021 12:17pm
It's dropping steadily. Same with NFG, NFLD, FSX, and LAB. The golds are weak right now.
Comment by paydirtontario on Aug 22, 2021 2:06pm
hello ATP300 One would have to believe the obvious as Australia is locking down more and more daily that it is impacting all businesses in that region which would impact mining companies big and small.  Side Note : If you look at the gold price in the bank crises of 2008 and then notice it took until 2011 before we got real high gold prices then you can see a similar pattern forming in our ...more  
Comment by paydirtontario on Aug 22, 2021 3:07pm
The markets did sell off last week but your point is accurate as well. https://www.reuters.com/world/asia-pacific/australias-pm-morrison-defends-lockdown-strategy-until-majority-vaccinated-2021-08-21/
Comment by RawSienna on Aug 22, 2021 6:40pm
It's certainly possible that the drilling crews/geo team are allowed to work but the assay lab is shut down because it's in a city (more than likely,) Can't tell from Canada, anyone on the board from the Victoria area?
Comment by AlwaysLong683 on Aug 22, 2021 9:57pm
From the Reuters article kindly posted by paydirt: "The country set a record with 914 infections, its highest daily figure, as the southern and eastern states of New South Wales, Victoria and the Australian Capital Territory remain under a strict lockdown." It would be nice if ESNR put out a press release letting shareholders know what the curent status of their Phase 2 Drilling ...more  
Comment by RawSienna on Aug 23, 2021 12:59am
Thx for that. I get that they are in lockdown of some sort but at least in Canada that varies with each local government. An update for the company's side would be most welcome.