SBM - St Barbara Limited

[trader]

Re: SBM - St. Barbara Mines

Something going on, 95 million shares traded in one order. Price jumps up
2 - 3 cents and a hugh increase in buyers . Takeover ?

 

[Narkov]

Re: SBM - St. Barbara Mines

Somethings a brewing...

Time Price Quantity
1:34:09 PM 0.500 15500000

 

[trader]

Re: SBM - St. Barbara Mines

Somebody has just brought 18 % of the company .

 

[Narkov]

Re: SBM - St. Barbara Mines

Somebody has just brought 18 % of the company .

19.99% is the magical number isn't it? I.E. takeover?

 

[crackaton]

Re: SBM - St. Barbara Mines

Special crossing. Very interesting. Not sure it is a takeover. Worth watching.

 

[Narkov]

Re: SBM - St. Barbara Mines

Forgive my ignorance...that would mean one existing substantial holder has sold a parcel (possibly all their parcel) to someone else.

The only substantial holder with 18%+ of the company is Resources Capital Fund according to my data. So they have sold out...but to who I wonder?!!

 

[crackaton]

Re: SBM - St. Barbara Mines

Good question. An announcement may be imminent??

 

[trader]

Re: SBM - St. Barbara Mines

Well I'm back in just in case, they brought 110,000,000 shares at 50 cents
I would have thought they would have got more of a discount. SBM have
hardly ever traded above this figure, so they must know something that we
don't.

 

[Narkov]

Re: SBM - St. Barbara Mines

Does anyone know how long they have to produce the substantial holding notice?

 

[crackaton]

Re: SBM - St. Barbara Mines

Also noticed the daily share buy back notice day before. Something is a foot.

 

[trader]

Re: SBM - St. Barbara Mines

ANN coming now.

 

[crackaton]

Re: SBM - St. Barbara Mines

Should be interesting

 

[Narkov]

Re: SBM - St. Barbara Mines

110.5M shares bought by "institutional investors".

 

[justjohn]

Re: SBM - St. Barbara Mines

it must be the chicken trying to get sbm moving again :fan

110.5M shares bought by "institutional investors".

 

[crackaton]

Re: SBM - St. Barbara Mines

What a dud. Think I might sit on the sidelines with this one

 

[crackaton]

Re: SBM - St. Barbara Mines

Including the 95 million shares issued SBM only have 619 million shares on issue.

PLUS, they are chasing 100 million + in the buy back.

So today nearly 20% of the scrip has changed hands.

Anyone smell something corporate happening?

 

[Narkov]

Re: SBM - St. Barbara Mines

I may be reading a little too much into this but if institutional investors are buying in there must be some value there??!!

 

[crackaton]

Re: SBM - St. Barbara Mines

Nice little dip to .505 let the games begin!!

 

[Narkov]

Re: SBM - St. Barbara Mines

Nice little dip to .505 let the games begin!!

Your not wrong. Was up 7%, then 0%, then 1,3,4%. All in the space of an hour or so.

 

[chicken]

Re: SBM - St. Barbara Mines

it must be the chicken trying to get sbm moving again :fan

Come on you technicals..THIS IS A VOLUME SPIKE>>>>>>Another words..a hugh BUY signal....what more can I say...friend of mine a Techno said..all the way to $1 now.....blue sky ahead....great.....