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Re: STB - South Boulder Mines

Could a bottom have been formed for this one? Bounced nicely off 15c and then Sprott came out and said they have increaded their holding by 50%, now up to 12% total.

How about another chart Kennas? Im tempted at this one, but how do you techies tell when the downtrend has ended?
 
Re: STB - South Boulder Mines

One of the few commods to recover a bit recently, but not much. A few solid days, but God knows what's around the corner to put a spanner in the works.

That solid down trend looks broken for now and breaking up through some scrappy resistance. Looks promising but I'm not sure if the overall market can't make it's way lower.

Is on my watchlist for a re-entry along with MAK and RWD. Ag stocks have been unfairly treated recently, unless they're in a bubble and the market's anticipating dramatic sell offs in poo.
 

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Re: STB - South Boulder Mines

kennas said:
One of the few commods to recover a bit recently, but not much. A few solid days, but God knows what's around the corner to put a spanner in the works.

That solid down trend looks broken for now and breaking up through some scrappy resistance. Looks promising but I'm not sure if the overall market can't make it's way lower.

Is on my watchlist for a re-entry along with MAK and RWD. Ag stocks have been unfairly treated recently, unless they're in a bubble and the market's anticipating dramatic sell offs in poo.
Click to expand...

Hi all,

Just got back from a long holiday. I go away and the market gets sold. Nasty.

As a keen follower of STB and a few other Ag stocks, I'm very surprised to see how much these stocks have been sold / short-sold by investors / hedgies.

Looks like the change in substantial shareholder announcement, which identified Sprott A.M. increasing its share by 50% is good news, given their continued interest in the company and its prospects.

Closed at 0.195, up over 8%, after being up over 22% during intra-day trade.
 
Re: STB - South Boulder Mines

Well, this started to recover and then founds it's way back to the support again. Real poor performer since the commod selloff really kicked in.

I'd say the RWD Lake Very Disappointing and Martu stupidity has had an effect. I'm assuming Lake Very Disappointing East is Martu sacred sand also...

I'm not even sure if their Poo tennaments have cleared heritage approval yet (blue) let alone being granted for exploration (red) ..

I'm still holding off until the dust settles, and who knows when that's going to happen..

Market cap under $10m looks pretty low for the potential. Could be a long term bet at these levels. 'Bet', the opperative word righ now IMO.
 

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Re: STB - South Boulder Mines

kennas said:
Well, this started to recover and then founds it's way back to the support again. Real poor performer since the commod selloff really kicked in.

I'd say the RWD Lake Very Disappointing and Martu stupidity has had an effect. I'm assuming Lake Very Disappointing East is Martu sacred sand also...

I'm not even sure if their Poo tennaments have cleared heritage approval yet (blue) let alone being granted for exploration (red) ..

I'm still holding off until the dust settles, and who knows when that's going to happen..

Market cap under $10m looks pretty low for the potential. Could be a long term bet at these levels. 'Bet', the opperative word righ now IMO.
Click to expand...


- Jeez 0.12 is incredibly low given the highs between 0.3-0.38 seen in June 08

- Looks like the stingy Martu people that temporarily derailed RWD's access agreement (because of the size of earnings the Martu people were seeking) has had the knock on effect here as you say Kennas.

- Lets hope South Boulder Mines avoid this situation. An update by management soon, re: Heritage consultation / the granting of the Lake Disappointing East tenement will be nice (according to the schedule - September 2008 is when the grant is expected).

- I'll be waiting for the JORC resource by the end of the year! Management has stated that it plans to prove up resources by the end of the year. Let's see how that goes!

- The decline can also be attributed to a declining oil price ~ 40% off since June, as well as continued uncertainty in credit markets. I guess the argument would be that if oil comes down, demand for biofuel production would trend downwards (since oil would become a cheaper alternative), hence less demand for fertiliser (potash, phosphate etc)...However, given the extent to which biofuel rich nations such as Brazil have invested in such activities, as well as policy considerations e.g. self-sufficiency, biofuel activities imo are likely to remain on a growth path. On the demand side of biofuels, record high rock phosphate prices in the light of a wider commodity fallout further supports the view of continued strength in this sector...share prices reveal a different story tho...:eek:

- In the long run, oil will trend upwards. Massive changes in Asian diets have bolstered demand for enrichment products to boost farm yields. In China, people are now eating better food, as stupid as that may sound. The underlying fundamentals are still solid imo.

*** Kennas, as you have said before, South Boulder needs to start drilling!!!
 
Re: STB - South Boulder Mines

I don't know if this has featured in any investor presentations / company announcements, but this information appears new to me:

Google Alerts alerted me of some South Boulder Mines activity in Africa (Eritrea to be precise - to the west of Saudi Arabia across the Red Sea) :D:

(Extracted from: http://www.africaintelligence.com/A...sommaire_aia&service=gra&codeaffilie=a_indigo)

"Firms Queue Up for Mining Permits"

" In 2008, the country’s first mining permit was granted to Bisha Mining Share Co to develop the Bisha gold mine. Today there are around 15 requests awaiting a response, including: Red Sea Minerals Ltd, Crescent Resources, South Boulder Mines Ltd and G & B Central African Resources for potash at Danakil;"

More information of Danakil: (courtesy: www.wikipedia.org/Danakil_desert):

"The Danakil Desert lies in north eastern Ethiopia and in southern Eritrea and much of Djibouti. The homeland of the Afar people, it is known for its heat and for the Afar Depression, lying up to 100 m below sea level. Its main industry is salt mining, while it is also home to wildlife, including African wild asses.":D:D:D

This is news to me...and sounds very interesting...in an interesting location on the world map! Has this been announced prior? I never knew management had plans for potash in Africa...somebody said in an earlier post that at the rate South Boulder is acquiring tenements, they'll own the planet. :D Africa is a good point to continue I guess haha

We need drilling!!! Come on South Boulder!
 
Re: STB - South Boulder Mines

STB holders been given a right royal pinapple right where it hurts, with a twist! Ouch!

I think the RWD Martu idiocy has contributed along with the general market free fall.

Their other problem is that they haven't lifted a shovel on their Poo prospects.

What the heck do the management of this company do all day? Obviously the chess board and pack of cards are getting a work out.

The chart is diabolical, and their Sept Qtly highlights .... lowlights.

If they every get their act together, and stop playing monopoly and start playing sand castles, they might get somewhere...

:banghead:
 

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Re: STB - South Boulder Mines

Presentation from AGM out today.

They admit they are running way behind schedule on most things. IMO they dont really seem to know where they are at at this stage in terms of future timelines, which is disappointing.
 
Re: STB - South Boulder Mines

Still seem to be cruising along aimlessly unfortunately. Nothing is going to happen until they get a clear focus.

Whatever happened to a JORC by the end of last year?? :confused:
 
Re: STB - South Boulder Mines

STB up 50% today, when news came out that RWD has not yet got Native Title approval for their mine, which is next door to STB's. Doesnt make sense :confused:
 
Re: STB - South Boulder Mines

Ann out that they have been granted a potash licence in Eritrea.

To be totally honest i hadn't even heard of that country before :eek: This company is going downhill fast in my view, it will be years before they ever achieve anything :mad:
 
Re: STB - South Boulder Mines

prawn_86 said:
STB up 50% today, when news came out that RWD has not yet got Native Title approval for their mine, which is next door to STB's. Doesnt make sense :confused:
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Up 50%?

Yeah, I thought they would get smashed as well. They announced the granting of another EPL for potash somewhere I think. That must be the catalyst.

I'm surprised by the Native Title title decision to some extent. I thought that the Martu would eventually come to the party. Perhaps it REALLY is sacred land? Although, there ere will to sell it for a price (which was unreasonable to RWD) so it's only sacred up to a certain $ figure.
 
Re: STB - South Boulder Mines

prawn_86 said:
That was 2 months ago Kennas (been drinking have you? :p:)

See my latest post for todays ann, not good imo :(
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Yeah, but not that much. Ooops. :eek:

I'm surprised RWD hasn't come off more that 20%, it was their main play.

Michael Ruane is having a hard time of it. :eek:
 
Re: STB - South Boulder Mines

Ann out today regarding their Terminator gold drilling in the Duketon area. Some nice length hits from only about 1m depth with grades over 1g/t.

Not sure if it will ever be economical, but they are doing more drilling now to see what else is there
 
Re: STB - South Boulder Mines

Came out of their halt today with more news about a new nickel and platinum area discovered in the Buldge prospect. This along with the gold results from yesterday has sent the price up nearly 70% on volume well higher than anything seen in the last year.

Current Market Cap is circa $11m with $4mill in cash and listed investments, so an EV of $7mill.
 
Re: STB - South Boulder Mines

Has moved up over 50% since September, more news on Terminator with the following highlights:

TBAC 024
64m @ 1.24 g/t from surface;
including 12m @ 4.13g/t from surface;

TBAC 025
28m @ 2.68 g/t from 52m;
including 8m @ 7.40g/t from 72m;

TBAC 031
6m @ 7.84 g/t from 48m;
including 2m @ 22.10 g/t from 52m (EOH);

TBAC 019
60m @ 0.70 g/t from surface;
including 8m @ 2.00g/t from surface;
and 4m @ 3.17g/t from 56m


and today have announced that further drilling has commenced at the Duketon Nickel JV. Any opinions?
 
Re: STB - South Boulder Mines

I have held these for some time.

Starting to gain some momentum across a few fronts:
1. the nickel JV with IGO, including the discovery of a new prospect;
2. the new gold prospect which STB have 100% rights too. They must like it as they have appointed an exploration manager.
3. the smokey is the Eritrean potash prospect. On the site of a former war zone but it is close to port and has seen some positive historical exploration.

Also has a shareholding in a few other up and coming juniors.

So worth holding IMO, DYOR.
 
Re: STB - South Boulder Mines

Has hit an all time high today. The Bulge C2 assay results are now over due, perhaps they are going to be released sometime this week?
 
Re: STB - South Boulder Mines

Are these guys serious? :confused:

High grade??? Huh??? :confused:

Sorry, I thought 'high grade' was like 5 g/t plus.

And 'extensive' means more than 50m ish...

huh???

Extensive High Grade Shallow Gold Mineralisation Outlined at Terminator

Highlights include;
TBAC 013
10m @ 1.16g/t from 1m;
TBAC 014
31m @ 1.07g/t from 1m including; 8m @ 2.68g/t from 1m;
TBAC 019
41m @ 0.61g/t from 1m including; 6m @ 2.18g/t from 1m;
9m @ 1.59g/t from 55m including; 2m @ 5.85g/t from 56m;
TBAC 024
60m @ 1.3g/t from 2m including; 10m @ 4.25g/t from 3m;
TBAC 025
6m @ 1.0g/t from 1m;
7m @ 2.01g/t from 52m;
14m @5.13g/t from 70m including; 8m @ 8.38g/t from 72m;
TBAC 029
20m @ 1.01g/t from 1m including; 8m @ 1.98g/t from 1m;
TBAC 031
3m @ 12.24g/t from 51m (EOH);
TBAC 034
7m @ 0.98g/t from 2m
17m @ 1.24g/t from 48m including; 2m @ 5.66g/t from 48m.
 
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