SBM - St Barbara Limited

[regatwests]

Re: SBM....St. Barbara Mines

I reckon it was important to someone that SBM didn't drop lower than
0-47 and they were prepared to buy parcels at the rate of $5k - $10k per hour every 3 minutes to ensure it.

I'm paying $32 / trade at Etrade, at that rate on $150 trades they would need to sell at .57 to recoup the initial cost.

 

[powwww]

Re: SBM....St. Barbara Mines

I reckon it was important to someone that SBM didn't drop lower than
0-47 and they were prepared to buy parcels at the rate of $5k - $10k per hour every 3 minutes to ensure it.

I'm paying $32 / trade at Etrade, at that rate on $150 trades they would need to sell at .57 to recoup the initial cost.

I always find it more pleasing someone keeping the price down but sometimes its better not trying to guess what the big boys are doing. If I understand what your saying correctly, it would be a broker doing the buying so they wouldn't have to pay a cent for the trades...probably some kind of bot doing the buys. Could be a sign of acumulation, buyer could be the seller, list goes on.

Personally I think SBM is a rock solid operation and the upside is huge. a drop to 045c wouldn't be unhealthy before breaking through 0.50 decisively on the next release (some financials) later in the month!

Put it this way they have 9.6m oz gold and with the current gold prices the financials will be much better than expected.

 

[regatwests]

Re: SBM....St. Barbara Mines

It was probably something like a 'bot - regular 3 minuntes, at 40 sec's past the minute.

It even seemed to pay o.47 a few times after the market had gone to 0.465

It seemed to increase the buy when it went to 0.465

I discounted accumulating because of the cost of the trades but if they are getting them gratis, different matter ...

 

[trader]

Re: SBM....St. Barbara Mines

Maybe will drop to 45 cents today

 

[smuggler]

Re: SBM....St. Barbara Mines

Volume seems light when it drops. I expect a big thrust up in coming weeks.

 

[trader]

Re: SBM....St. Barbara Mines

Wrong about it dropping to 45 cents brought some more at 47 cents now
back up to 48 cents, maybe quarterly out already on tuesday which will
surprise market - huge profit and even bigger cash position with maybe
major nickel discovery.

 

[Ann]

Re: SBM....St. Barbara Mines

Geez no way can you call Chicken a ramper. I have the lovely Krisbarry doing the ramp over where I mostly live. UUUUUNNNNNbelievable!!

Anyway, it is probably time for a chart...looks OK to me. Doing a bit of consolidation....always good to see..

 

[Ann]

Re: SBM....St. Barbara Mines

Sorry guys, that comment about Chicken being a ramper must have come from a comment on an early post I was reading on this thread I think I didn't turn to the last page when I came in so ahh well ....dill. Anyway

 

[crackaton]

Re: SBM....St. Barbara Mines

Well done chook. You've just graduated from the class of 2000 with straight dwe lol

 

[chicken]

Re: SBM....St. Barbara Mines

Well done chook. You've just graduated from the class of 2000 with straight dwe lol

i THINK WE ALL SHOULD THANK MR TIM TREADGOLD AS WITHOUT HIS ARTICLE IN THE sHARES MAGAZINE i WOULD HAVE MISSED aLL CREDITS GO TO THAT MAN he after all rubbed my nose in SBM...at first I did not beliefe..but as some one posted...SBM is SWG without the hedgebook..and better qualified Geologists..after all Mr Edshuys the CEO knows what we have got...and may I point out SWG was as high as $10 in 2001.....and with the Gold going UP.....SBM is on a roll.....like ZFX......Zfx the article was also written by Mr Tim Treadgold....he is a beauty.....and who ever bought here...we are all going for a great spin here..so hold tight the best part is coming...

 

[Ann]

Re: SBM....St. Barbara Mines

Chicken,

How very ethical of you to give credit to your source, well done.
Most would probably take the applause themselves.

Ann

 

[crackaton]

Re: SBM....St. Barbara Mines

ZFX a definite winner. Too bad for all those sods that lost mulla on PAS.

You are correct though, SBM is a winner, especially given recent share buy back etc.

Maybe one day it will see 10$ just like ZFX.

 

[crackaton]

Re: SBM....St. Barbara Mines

Chook is OK. He posts over at Ozestock and hotcopper as another name, but he is a genuine person who tries to help out.

 

[chicken]

Re: SBM....St. Barbara Mines

ZFX a definite winner. Too bad for all those sods that lost mulla on PAS.

You are correct though, SBM is a winner, especially given recent share buy back etc.

Maybe one day it will see 10$ just like ZFX.

AS Seabrooth posted SBM IS swg without the hedgebook...does that make sense...took me a while and you know we could go all the way to $10...after all GOLD is going higher and so is SBM.......

 

[clowboy]

Re: SBM....St. Barbara Mines

Is it going to break through that magical barrier today?

Heres hoping

 

[jet-r]

Re: SBM....St. Barbara Mines

SBM got a nice open today with high of 50.5 cents. Hope it will close at over 50cents today...

 

[MalteseBull]

Re: SBM....St. Barbara Mines

too many sellers at .485 - .505 at the moment..
so it's stuck..

but chicken was right should've held on to it, i sold out ages ago and have no cash on hand to purchase it

 

[jet-r]

Re: SBM....St. Barbara Mines

Hi Maltesebull, where do u find out the numbers of bidders and sellers at different prices?

 

[MalteseBull]

Re: SBM....St. Barbara Mines

Hi Maltesebull, where do u find out the numbers of bidders and sellers at different prices?

www.comsec.com.au

 

[Narkov]

Re: SBM....St. Barbara Mines

Is news still expected today?