SBM - St Barbara Limited

[It's Snake Pliskin]

Re: SBM....St BARBARA MINES

I emailed the company asking when we would get an update on the company...reply was promt and it said ST BARBARA is due to release its JUNE 2005 report by the end of july regards TRUDY LAWRENCE So we should see what they bring us..I have a feeling with high gold prices ,its all good....I hold 200k shares now and will see where they are going from here....this stock cannot be shortsold.....bound to be solid if they got it together.....

Did you tell them your name was Chicken?

 

[chicken]

Re: SBM....St BARBARA MINES

Did you tell them your name was Chicken?

TinaUNDERTHEBRIDGE....Read and make your research before you post your reply...20 SHAREHOLDERS are now holding 67.5% of ALL shares in SBM...the year before it was 55%...and the year before that silch...so I wonder if 67.5% of all shares are taken by 20 SHAREHOLDERS...they must know more and bought because as I said before they are now talking a lot more GOLD than before as soon as their anouncements come out..as GOLD is rising....a lot of people will want some of this action I can see it it is hinted 8 million oz. of gold is their reserves could even be higher...and they are getting up to speed...the 10.5c you are paying now will be peanuts of what they will go up to...I bought..not trading in 12 months at least 100% increase you will see

 

[It's Snake Pliskin]

Re: SBM....St BARBARA MINES

TinaUNDERTHEBRIDGE....Read and make your research before you post your reply...20 SHAREHOLDERS are now holding 67.5% of ALL shares in SBM...the year before it was 55%...and the year before that silch...so I wonder if 67.5% of all shares are taken by 20 SHAREHOLDERS...they must know more and bought because as I said before they are now talking a lot more GOLD than before as soon as their anouncements come out..as GOLD is rising....a lot of people will want some of this action I can see it it is hinted 8 million oz. of gold is their reserves could even be higher...and they are getting up to speed...the 10.5c you are paying now will be peanuts of what they will go up to...I bought..not trading in 12 months at least 100% increase you will see

Hi Chicken,

I found this and thought you might like to read it. Shaw stockbroking site - http://www.egoli.com.au/egoli/egoliOpenBriefing.asp

Go to columns - Open briefing - Santa barbara interview.

Enjoy!

 

[chicken]

Re: SBM....St BARBARA MINES

Doc I hope you kept SBM on your radar screen.....things arw now on the move....LOLOLOLOLOLO

 

[chicken]

Re: SBM....St BARBARA MINES

SBM have already recovered their cash outlay for SWG through the sale of surplus plant and equipment....over $2million......Produced over 85000ozs of gold at a $76 oz below budget{thats well over $6million extra on the bottom line...niece bonus }....Cash position up $14millon in 3 months.SBM have got to be doing something right to accumulate that sort of money.Even without the extra $6million from lower production costs they have over $10million in the bank. The closing cash position of $16.2 million JUNE 30 excluding cash backing of bonds,compares with $2.2 million as at 31march 2005...

 

[chicken]

Re: SBM....St BARBARA MINES

SBM have already recovered their cash outlay for SWG through the sale of surplus plant and equipment....over $2million......Produced over 85000ozs of gold at a $76 oz below budget{thats well over $6million extra on the bottom line...niece bonus }....Cash position up $14millon in 3 months.SBM have got to be doing something right to accumulate that sort of money.Even without the extra $6million from lower production costs they have over $10million in the bank. The closing cash position of $16.2 million JUNE 30 excluding cash backing of bonds,compares with $2.2 million as at 31march 2005...

Today the lates SBM have sold their shareholding in both Companies they held and another $6million Dollars are now in kitty....so SBM are now ready to expand of what they are doing....read their announcements as things are happening...this will be a niece little earner....they produced 86000 ozs of Gold for 3 months....so what will they produce for 12....just a thought...there is talk by the company that within 2 years somewhere of 450000 ozs will be produced,,,make your own research as I feel this one will be a goer...I am still waiting to hear from Share magazine to print the article they wrote as soon as I have it will post it here....not my words but written by a GEOLOGIST....as they know what they are talking about.....

 

[chicken]

Re: SBM....St. Barbara Mines

I just had a look at the graph at YAHOO technicals ...most intresting...the share is trending higher since MARCH when the purchase from SWG was announced...I hope to post what this Geologist said in Shares...should get the OK on friday....do your research.......but check out this graph....on SBM

 

[chicken]

Re: SBM....St. Barbara Mines

I just had a look at the graph at YAHOO technicals ...most intresting...the share is trending higher since MARCH when the purchase from SWG was announced...I hope to post what this Geologist said in Shares...should get the OK on friday....do your research.......but check out this graph....on SBM

The stock rose by 30% this months...Tim Treadgold is a Perth based business jounalist who has written for BRW and Shares magazines since they were founded.He studied geology but switched to journalismin 1969 during the Poseidon nickel boom...the article he wrote was headed GWALIAS GOLD GRABBED...and he wrote There is no doubtthat St BARBARA has aquired a potential company changig range of ASSETS, including 4 operating gold processing plants, a number of mines and a 10000 square kilometer land bankthat covers some of THE MOST PROSPECTING MINERALISED STRUCTURES IN AUSTRALIA<IF NOT THE WORLD..then in the last paragraph he said...The next few monthswill show whether ST BARBARA got the bargain it believes,or whether buying a business out of a failed corporate structure remains a game of trying to catch a falling knife.If ESHUYS..CEO,Geologist...and his team can stich together a coherent picture of continuing gold production,rationalisation of surplus assets and exploration on the very impressive land bank...THEN ST BARBARA COULD BE A SLEEPER WAITING FOR A WAKE UP CALL....since they took over in 3 months they produced 86000ozs of GOLD...sold assets and received more than $2 million...started exploration on their nickel acreage...where we are waiting for their announcements....and have forecasted that their gold production will be more than 150000 ozs for the year.....after all they vauled SWG gold assets at $250 million $$$...but bought it with $2.3 million and the other $36 million is for taking over enviromental and performance bonds...they are now saying they got 9.2 millon known ozs Gold... so for 13c...the company is capitalised at $60million.....as I am not an advisor,I am also not a rocket scintist...just a humble person who understands figures it makes sense the company is well undervaled.......work you figures....after all the 20 shareholders who hold 67.5%..know this has a potential..He also said STBARBARA is a revival story in the waiting....I bought as I am conviced...after all the big boys bought and spent millions on these shares....and they are now buying on monday for 1 year at least 56 million shares back...as some one said this one is going to be a niece little earner.......make your research.....www.stbarbara.com.au

 

[sam76]

Re: SBM....St. Barbara Mines

Hey Chicken,

Check out www.miningnews.net

some good articles about SBM there.

 

[chicken]

Re: SBM....St. Barbara Mines

Hey Chicken,

Check out www.miningnews.net

some good articles about SBM there.

Thanks for the information...I also understand that on the 10th August..the CEO from SBM will give a presentation at the Diggers and mining confrence ion Kalgorlie ...also once our SP breaches 13c....it will go much higher as the market are becoming aware of this stock.....Their assets say around $300 million....and the shareprice at 13c...means its only capitalised at $63million....so if they sold uo we would get 50cents per share....does that make sense..I wonder?????

 

[It's Snake Pliskin]

Re: SBM....St. Barbara Mines

Thanks for the information...I also understand that on the 10th August..the CEO from SBM will give a presentation at the Diggers and mining confrence ion Kalgorlie ...also once our SP breaches 13c....it will go much higher as the market are becoming aware of this stock.....Their assets say around $300 million....and the shareprice at 13c...means its only capitalised at $63million....so if they sold uo we would get 50cents per share....does that make sense..I wonder?????

Chicken,

...if they sold uo... What is uo?
Could you elaborate more on that please?

Snake Pliskin

 

[chicken]

Re: SBM....St. Barbara Mines

Chicken,

...if they sold uo... What is uo?
Could you elaborate more on that please?

Snake Pliskin

Sorry it should read ,SOLD UP...or liqudated or dissolved shareholders would receive 50cents a share.....because of the assets which are now present in the company.....work it out what 9.3 million ozs of GOLD are worth...once you do that you will know that SBM is sitting on a goldmine....if I had been an SWG investor I would buy SBM to get my money back...I own 500k shares in SBM now......

 

[chicken]

Re: SBM....St. Barbara Mines

Sorry it should read ,SOLD UP...or liqudated or dissolved shareholders would receive 50cents a share.....because of the assets which are now present in the company.....work it out what 9.3 million ozs of GOLD are worth...once you do that you will know that SBM is sitting on a goldmine....if I had been an SWG investor I would buy SBM to get my money back...I own 500k shares in SBM now......

SBM said in the year 2006 they hope to be producing 300000ozs....and 2007 550000 ozs a year....the indication they give that they have 9.2 million oz of gold in reserves....I did a multiplication at todays price and I am astounded how much in Dollar term it is....annyone who is intrested just do the sums and you will see what I mean..I do not want to ramp so do your research and sums and you will see at present price its just cheap...if I was NEWCREST MINING I would buy this company as the gold in the ground of 9.2 million ozs work it out,SBM is very cheap ...and would represent hugh value....

 

[chicken]

Re: SBM....St. Barbara Mines

Breakout alert was as high as 14cents..going through at 13.5 cents...will go a lot higher than that...make your research

 

[It's Snake Pliskin]

Re: SBM....St. Barbara Mines

Breakout alert was as high as 14cents..going through at 13.5 cents...will go a lot higher than that...make your research

Chicken,

I enjoy your passion for stocks. In English we say "do your research" though.

 

[Caliente]

Re: SBM....St. Barbara Mines

Hi, I'm interested in SBM, but does it represent expensive buying where its at right now, about .135 to .14
???

Cheers!

 

[Caliente]

Re: SBM....St. Barbara Mines

just to clarify, the reason why I say this is because of the rapid burst in the stock price (approx. 20% last week!!!)

I've just sold out of JHX at a very tidy profit and am considering investing in this raging bull on the assumption that the report on Aug 10 will draw it higher.

 

[chicken]

Re: SBM....St. Barbara Mines

just to clarify, the reason why I say this is because of the rapid burst in the stock price (approx. 20% last week!!!)

I've just sold out of JHX at a very tidy profit and am considering investing in this raging bull on the assumption that the report on Aug 10 will draw it higher.

CALIENTE......will go higher quickly....do your research...undervalued since taking over assets of Sons of Gwalia GOLD reserves....Read what has been said

 

[Caliente]

Re: SBM....St. Barbara Mines

SBM said in the year 2006 they hope to be producing 300000ozs....and 2007 550000 ozs a year....the indication they give that they have 9.2 million oz of gold in reserves....I did a multiplication at todays price and I am astounded how much in Dollar term it is....annyone who is intrested just do the sums and you will see what I mean..I do not want to ramp so do your research and sums and you will see at present price its just cheap...if I was NEWCREST MINING I would buy this company as the gold in the ground of 9.2 million ozs work it out,SBM is very cheap ...and would represent hugh value....

The 9.3Moz reserves figure quoted on the report. is that gold only or does it also account for their nickel/copper because you're right, the company holding this much gold is a bonanza!

 

[chicken]

Re: SBM....St. Barbara Mines

Gold only any other reserves are seperate from the 9.2 million ozs...bonanza yes you are right the market is just waking up to this fact....I saw it as soon as I read the article back in MARCH...also trying to awake people to the fact that this one is going to go...like Zinifex...this one is even at 14cents CHEAP...should be worth a lot more....the market is waking up here as Gold is going higher...