SBM - St Barbara Limited
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Re: SBM - St. Barbara Mines
After reading the report well, I am quite happy with it as SBM is still trying to keep a low profile after all its only since last April2005 SBM took over the Gold assets..the next news in March re Nickel in the Sullivans will tell a different story..after all the SP has appreciated 400% so far and Edshuys runs a tight ship...once the 12 months have gone by we will see more coming out of SBM...as far as their production..they said it was in line of 175000 ozs of Gold...and Nickel will come in 2007 in the equasion...easy does it....one has to read the report a few times before it all filters in..also there is $38million coming to SBM in february from assets sales....which was only mentioned briefly...I am quite prepared to hold as I can see a much better price for the shares....
After reading the report well, I am quite happy with it as SBM is still trying to keep a low profile after all its only since last April2005 SBM took over the Gold assets..the next news in March re Nickel in the Sullivans will tell a different story..after all the SP has appreciated 400% so far and Edshuys runs a tight ship...once the 12 months have gone by we will see more coming out of SBM...as far as their production..they said it was in line of 175000 ozs of Gold...and Nickel will come in 2007 in the equasion...easy does it....one has to read the report a few times before it all filters in..also there is $38million coming to SBM in february from assets sales....which was only mentioned briefly...I am quite prepared to hold as I can see a much better price for the shares....
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Re: SBM - St. Barbara Mines
oh well, it looks like the quarterly report doesnt seems to 'impress' most as it doesnt quite live up to the 'expectation' eh?
nonetheless it is still a fairly decent report if you take out this 'expectation' from the equation. production is still on schedule, asset sales is due by mid Feb, cost is slightly higher but not blown out, Leonora feasibility study is on the way to bring forward production from Tarmoola and Gwalia deeps to Jan 2007, etc.
so it appears that SBM is taking a rather conservative approach here and taking it easy. it still probably has an upside potential in 2006 since we are only one month into this year.
so, to hold or to move on, it all depends on your trading style and expectation ahead i guess.
cheers!
oh well, it looks like the quarterly report doesnt seems to 'impress' most as it doesnt quite live up to the 'expectation' eh?
nonetheless it is still a fairly decent report if you take out this 'expectation' from the equation. production is still on schedule, asset sales is due by mid Feb, cost is slightly higher but not blown out, Leonora feasibility study is on the way to bring forward production from Tarmoola and Gwalia deeps to Jan 2007, etc.
so it appears that SBM is taking a rather conservative approach here and taking it easy. it still probably has an upside potential in 2006 since we are only one month into this year.
so, to hold or to move on, it all depends on your trading style and expectation ahead i guess.
cheers!
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Re: SBM - St. Barbara Mines
Well the party is over for the time been it seems .No fastening of seatbelts or 1.2.3.take off or hang on and enjoy the ride is taking place at present.Poor old SBM is on the back burners after being the star for so long,it seems no one wants to be associated with SBM .Although the report wasnt what we expected .As Saichuen said it was rather conservative but the main thing is it wasnt negative so instead of bursting through the $1 mark we must have patience & slowly progress forward .Also well done chicken on your drive with SBM most of us are sitting on a healthy profit ,I JUST KNOW THE SNIFF OF GOOD NEWS AND YOU WILL BE OFF AGAIN.
Well the party is over for the time been it seems .No fastening of seatbelts or 1.2.3.take off or hang on and enjoy the ride is taking place at present.Poor old SBM is on the back burners after being the star for so long,it seems no one wants to be associated with SBM .Although the report wasnt what we expected .As Saichuen said it was rather conservative but the main thing is it wasnt negative so instead of bursting through the $1 mark we must have patience & slowly progress forward .Also well done chicken on your drive with SBM most of us are sitting on a healthy profit ,I JUST KNOW THE SNIFF OF GOOD NEWS AND YOU WILL BE OFF AGAIN.
saichuen said:oh well, it looks like the quarterly report doesnt seems to 'impress' most as it doesnt quite live this stock take a less it is still a fairly decent report if you take out this 'expectation' from the equation. production is still on schedule, asset sales is due by mid Feb, cost is slightly higher but not blown out, Leonora feasibility study is on the way to bring forward production from Tarmoola and Gwalia deeps to Jan 2007, etc.
so it appears that SBM is taking a rather conservative approach here and taking it easy. it still probably has an upside potential in 2006 since we are only one month into this year.
so, to hold or to move on, it all depends on your trading style and expectation ahead i guess.
cheers!
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Re: SBM - St. Barbara Mines
the back burners of the aussie stock forum not the markets
the back burners of the aussie stock forum not the markets
Narkov said:
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Re: SBM - St. Barbara Mines
tony 2252 theres no sour grapes Ive just noticed how the bullish nature of this thread has fizzed out since the report.i dont think 47c is to much for this stock especially when there is no negativeness around SBM but Tony you know patience is one of my best qualities
tony 2252 theres no sour grapes Ive just noticed how the bullish nature of this thread has fizzed out since the report.i dont think 47c is to much for this stock especially when there is no negativeness around SBM but Tony you know patience is one of my best qualities
tony2252 said:
Re: SBM - St. Barbara Mines
The party has just started imo. I closed my position today to take profit but I have been trading SBM way back from 9cents. SBM has been very good to me with all trades profitable so far. So SBM will always be on my watchlist. I'm sure there will be an opportunity to buy in again.
Cheers!
The party has just started imo. I closed my position today to take profit but I have been trading SBM way back from 9cents. SBM has been very good to me with all trades profitable so far. So SBM will always be on my watchlist. I'm sure there will be an opportunity to buy in again.
Cheers!
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Re: SBM - St. Barbara Mines
So is anyone brave enough to hold on to SBM for now with the hope of more upside in months to come?
....or is everyone jumping ship here?
If you are jumping ship, where are you reinvesting your money - I would assume it would be somewhere with a greater perceived upside than SBM.
I'm going to hold myself.
There will be another report in 3 months....
So is anyone brave enough to hold on to SBM for now with the hope of more upside in months to come?
....or is everyone jumping ship here?
If you are jumping ship, where are you reinvesting your money - I would assume it would be somewhere with a greater perceived upside than SBM.
I'm going to hold myself.
There will be another report in 3 months....
GreatPig
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Re: SBM - St. Barbara Mines
Hi Doc,thought it might have gone higher BUT 30% for the months great...I am still holding as GOLD rises so willSBM...I have done very well with this stock..and Sons of Gwalia are squeeling that those assets were sold I still maintain we were lucky to have got them...the company was at the right place at the right time and the maijor shareholder had a hand in it as well to facilitate the transaction...they are doing very well after they sod down there 6% and the rest is profit..and looks as if they are not selling..so I can see a higher SP...and I have send an Email asking when we get an update re the Sullivans....as Nickel will cost a lot more in 2006..and will certainly propel it higher.....IMHOBraceFace said:
Re: SBM - St. Barbara Mines
Their cash cost have gone up from $346.00 to $488.00 that means that gold
grade has massively decreased also production has dropped below forecast.
Now their forecast for next quarter is even worse with cash cost going up
to $520.00 per oz.This quarter they lost aleast 3 million dollars so next
quarter their loss will be even higher.Things get better by June if their
forecast is right and that is really what you are betting on. As for the short
term maybe they will release some positive news and that might have an
impact on share price but as far as I'm concerned not holding much anymore
and can see much better short term prospects ( brought 200,000 ags shares )
But everone needs to do the own research.
PS don't count on them getting to much cash from their assets sales I think
$9 million in total
BraceFace said:
Their cash cost have gone up from $346.00 to $488.00 that means that gold
grade has massively decreased also production has dropped below forecast.
Now their forecast for next quarter is even worse with cash cost going up
to $520.00 per oz.This quarter they lost aleast 3 million dollars so next
quarter their loss will be even higher.Things get better by June if their
forecast is right and that is really what you are betting on. As for the short
term maybe they will release some positive news and that might have an
impact on share price but as far as I'm concerned not holding much anymore
and can see much better short term prospects ( brought 200,000 ags shares )
But everone needs to do the own research.
PS don't count on them getting to much cash from their assets sales I think
$9 million in total
Re: SBM - St. Barbara Mines
The sales of some assets is good as SBM cannot mine everything and having shares in these assets is a positive as should they wish the assets can be bought back as SBM as largest shareholder is fully advised what is happening..I keep holding why..as stated before NICKEL looks to be a play this year and in any news SBM sp will rise....chicken said:After reading the report well, I am quite happy with it as SBM is still trying to keep a low profile after all its only since last April2005 SBM took over the Gold assets..the next news in March re Nickel in the Sullivans will tell a different story..after all the SP has appreciated 400% so far and Edshuys runs a tight ship...once the 12 months have gone by we will see more coming out of SBM...as far as their production..they said it was in line of 175000 ozs of Gold...and Nickel will come in 2007 in the equasion...easy does it....one has to read the report a few times before it all filters in..also there is $38million coming to SBM in february from assets sales....which was only mentioned briefly...I am quite prepared to hold as I can see a much better price for the shares....
