SBM - St Barbara Limited

[brerwallabi]

Re: SBM....St. Barbara Mines

sbm always had dodgy management in the past how radical were the changes - i have not followed this for about 12 months- were always full of promises- see they sold completely out of nustar do they need some money because of cashflow???

 

[chicken]

Re: SBM....St. Barbara Mines

sbm always had dodgy management in the past how radical were the changes - i have not followed this for about 12 months- were always full of promises- see they sold completely out of nustar do they need some money because of cashflow???

No they dont need money...its just why have investments when you got 5 Billion $$ worth of gold to work with by selling these shareholding they are concentrating on their Gold production which if you read what SBM said will grow rapidly....in fact 375000000 shares are owned by 20 shareholders only 150000000 shares are public...and as from today they are buying back 56000000 million shares so only100 million are freely available....their assets are 300million$$ and the share price is 13.5cents...so hugh upside...DO YOUR FIGURES....it was all in Sharemagazine READ IT

 

[chicken]

Re: SBM....St. Barbara Mines

SBM management....ALL BEEN GIVEN THE BOOT>>>All new management....the old team are all picking their unemployment cheque from centre link LOLOLOL

GET SHARES MAGAZINE MAY ISSUE...TIM TREADBOLT wrote GWALIAS GOLD GRABBED.....page 22...its all there for everyone to read.....MAY 2005....issue

 

[Caliente]

Re: SBM....St. Barbara Mines

done it, picked up a nice little package of 20000 at 0.13

Lets hope for the best

 

[sam76]

Re: SBM....St. Barbara Mines

Welcome aboard, Caliente.

I agree with Mr. Chicken

I think this stock has a lot more upside as well.

Sam.

As the (in)famous 80's pop group, Yazz once sang;

"The only way is up"
:

 

[pickup]

Re: SBM....St. Barbara Mines

SBM, tightens share base, providing value

With SBM commencing a buyback of approx 55.5 million of its own shares, the management, consider that their shares are better value than anything else in the market. They have already sold approx. $6 million of SED and NMC shares they owned to put the money into their own company shares. Thats a hint of what they think of their own product.
They are tightening the share base, its the opposite of a lot of other companies that keep diluting their share base placing millions of shares and burning money. Most companies in the USA + ASX i can remember doing this, their share price has gone up afterwards.
Being 71 years of age myself, and traded half my life i cannot recall a company of this small capitilisation around 13 cents ever been involved with a buyback. Please correc me if i am wrong
They have $28 mill in cash, and performance bonds
A resource base of 9 mill ozs of gold.
Millions of dollars worth of SGW plant to either use, or sell off, increasing cash reserves
Steadily increasing gold removal, with forecast gold production of 150,000 ozs for 2005/6 at Southern Cross. Their medium term objective, at Southern Cross, Meekatharra, and Tarmoola, which is dependant upon exploration success is aprox 550,000 ozs per annum.
Huge ground area [approx 10,000 square kilometers] purchased from SGW,with significant exploration potential for the future.
SBM Directors Colin Wise and Ed Eshuys buying SBM shares.
Top ceo-geologist Ed Eshuys now in charge,[ Well respected by the market], he helped make Joseph Gutnick most of his money, in Joe`s gold mining companies.
And its all politicaly risk free, in australia.

 

[chicken]

Re: SBM....St. Barbara Mines

SBM, tightens share base, providing value

With SBM commencing a buyback of approx 55.5 million of its own shares, the management, consider that their shares are better value than anything else in the market. They have already sold approx. $6 million of SED and NMC shares they owned to put the money into their own company shares. Thats a hint of what they think of their own product.
They are tightening the share base, its the opposite of a lot of other companies that keep diluting their share base placing millions of shares and burning money. Most companies in the USA + ASX i can remember doing this, their share price has gone up afterwards.
Being 71 years of age myself, and traded half my life i cannot recall a company of this small capitilisation around 13 cents ever been involved with a buyback. Please correc me if i am wrong
They have $28 mill in cash, and performance bonds
A resource base of 9 mill ozs of gold.
Millions of dollars worth of SGW plant to either use, or sell off, increasing cash reserves
Steadily increasing gold removal, with forecast gold production of 150,000 ozs for 2005/6 at Southern Cross. Their medium term objective, at Southern Cross, Meekatharra, and Tarmoola, which is dependant upon exploration success is aprox 550,000 ozs per annum.
Huge ground area [approx 10,000 square kilometers] purchased from SGW,with significant exploration potential for the future.
SBM Directors Colin Wise and Ed Eshuys buying SBM shares.
Top ceo-geologist Ed Eshuys now in charge,[ Well respected by the market], he helped make Joseph Gutnick most of his money, in Joe`s gold mining companies.
And its all politicaly risk free, in australia.

Pickup, you got the facts as I see them so on the 8th August there is a presentation at the DIGGERS AND MINERS forum in Kalgorlie....so I wonder what they will say TOM TREADGOLD said exactly what you posted..I own 500K of shares and I feel if everything goes to plan...here is my retirement fund....good post as I see it as you posted......also check your May issue of SHARES MAGAZINE....TOM TREADBOLT wrote the article

 

[chicken]

Re: SBM....St. Barbara Mines

SBM, tightens share base, providing value

With SBM commencing a buyback of approx 55.5 million of its own shares, the management, consider that their shares are better value than anything else in the market. They have already sold approx. $6 million of SED and NMC shares they owned to put the money into their own company shares. Thats a hint of what they think of their own product.
They are tightening the share base, its the opposite of a lot of other companies that keep diluting their share base placing millions of shares and burning money. Most companies in the USA + ASX i can remember doing this, their share price has gone up afterwards.
Being 71 years of age myself, and traded half my life i cannot recall a company of this small capitilisation around 13 cents ever been involved with a buyback. Please correc me if i am wrong
They have $28 mill in cash, and performance bonds
A resource base of 9 mill ozs of gold.
Millions of dollars worth of SGW plant to either use, or sell off, increasing cash reserves
Steadily increasing gold removal, with forecast gold production of 150,000 ozs for 2005/6 at Southern Cross. Their medium term objective, at Southern Cross, Meekatharra, and Tarmoola, which is dependant upon exploration success is aprox 550,000 ozs per annum.
Huge ground area [approx 10,000 square kilometers] purchased from SGW,with significant exploration potential for the future.
SBM Directors Colin Wise and Ed Eshuys buying SBM shares.
Top ceo-geologist Ed Eshuys now in charge,[ Well respected by the market], he helped make Joseph Gutnick most of his money, in Joe`s gold mining companies.
And its all politicaly risk free, in australia.

I just had a thought....SBM sold surplus assets from their buy out of SWG..received over $2 million they produced over 86000 ozs of Gold....from these assets in 3 months...their profits possibly say $15 to $18 million $$$ from the sales of gold...so basically the rest is for very little money...so the value is hugh....as they said the SWG assets they valued at $250million....must be all good for us shareholders....and we been told they have 9.2million ozs of GOLD in the ground....so what value will the market put on these asset in the coming months...and I did not even mention they are now investigating how much or how big the Nickel deposits are....also I noticed the CEO joining MT GIBSON IRON ORE MGX...live is getting intresting....

 

[chicken]

Re: SBM....St. Barbara Mines

I just had a thought....SBM sold surplus assets from their buy out of SWG..received over $2 million they produced over 86000 ozs of Gold....from these assets in 3 months...their profits possibly say $15 to $18 million $$$ from the sales of gold...so basically the rest is for very little money...so the value is hugh....as they said the SWG assets they valued at $250million....must be all good for us shareholders....and we been told they have 9.2million ozs of GOLD in the ground....so what value will the market put on these asset in the coming months...and I did not even mention they are now investigating how much or how big the Nickel deposits are....also I noticed the CEO joining MT GIBSON IRON ORE MGX...live is getting intresting....

I meant to say the CEO from SWG....NOT SBM CEO....my apology...they are looking for a CEO for SWG....pity it was once a great little company...

 

[Caliente]

Re: SBM....St. Barbara Mines

5/8/05 SBM/WOSS Litigation

Anyone know whats going on?

 

[chicken]

Re: SBM....St. Barbara Mines

5/8/05 SBM/WOSS Litigation

Anyone know whats going on?

No, I wish I knew but we should know soon enough as litigation could be anything.....I am sure SBM will weather it quickly....but I am not concerned as by looks of thing they want to do SBM into the eye...I am sure the lawyers will fix it...and sort it out....SBM is now a large concern and we will have to get used to people trying to screw them...I am sure that Eshusy knows what he is doing

 

[chicken]

Re: SBM....St. Barbara Mines

No, I wish I knew but we should know soon enough as litigation could be anything.....I am sure SBM will weather it quickly....but I am not concerned as by looks of thing they want to do SBM into the eye...I am sure the lawyers will fix it...and sort it out....SBM is now a large concern and we will have to get used to people trying to screw them...I am sure that Eshusy knows what he is doing

Looking at the announcement.....SBM announced it .

 

[Caliente]

Re: SBM....St. Barbara Mines

looking at the announcement.....SBM announced it .

The header of the report has Westgold Resources NL written over it however, with not like it matters tho.

i just hope whatever's happening is dealt with swiftly.

Hmm...

For further information please contact Andrew Chapman (08) 9326 5700 or visit the Westgold Resources NL website www.westgold.com.au.

Might check it out!

EDIT: i just sent an email to Chapman, the company secretary. hopefully, this sheds more light on the situation.

 

[chicken]

Re: SBM....St. Barbara Mines

Just to say I contacted ST. BARBARA MINES....go to www.stbarbara.com.au and have asked them please explain....one way of buying stock cheaper.....

 

[chicken]

Re: SBM....St. Barbara Mines

Just to say I contacted ST. BARBARA MINES....go to www.stbarbara.com.au and have asked them please explain....one way of buying stock cheaper.....

This litigation is against a past director Mr Woss for the sum of $7.6 million $$$ and was filed in 2000 so 5 years ago....so its older than my hat...if it had anny substance it would have been decided long ago...someone thinks after all this time they are getting paid..LOLOLOL

 

[Caliente]

Re: SBM....St. Barbara Mines

hehehe, cool stuff chicken!

Westgold sent me this totally vague reply

Dear Sir

I cannot comment on what St Barbara may or may not explain but I believe
there should be reference to this matter in their last annual report. If
you are able to obtain a copy of the last Westgold Resources annual
report there is some description of the matter there. A copy is
available on our website www.westgold.com.au

Yours Sincerely

 

[chicken]

Re: SBM....St. Barbara Mines

CALIENTE....on Wesgold they said as I said before it was filed in 2000 so 5 years ago...I think there is a bit of brown stuff being thrown around and they are trying to get back at SBM...the amount called for is for $7.6 million....I wonder who is up who....and Eshuay will take this little matter in hand ....I feel that it will blow over quickly...more a nuisance than anything....I thought it was something more serious.....

 

[chicken]

Re: SBM....St. Barbara Mines

Trudy Lawrence just sent an email from SBM...and she said there were an article re the litigation in the 2004 report...on page 58...and if something comes of it its questionable...I wonder why and who is behind trying to pull SBM down...even for $7.6 million..I think Wesgold is trying to make mileage out of SBM emerging gold producer...and popularity ,that now ,with their purchase of SWG gold assets.....I think thats their play and its 5 years old now and as I said if their was ANYTHING IN THIS IT WOULD HAVE SETTLED LONG AGO.....

 

[chicken]

Re: SBM....St. Barbara Mines

Trudy Lawrence just sent an email from SBM...and she said there were an article re the litigation in the 2004 report...on page 58...and if something comes of it its questionable...I wonder why and who is behind trying to pull SBM down...even for $7.6 million..I think Wesgold is trying to make mileage out of SBM emerging gold producer...and popularity ,that now ,with their purchase of SWG gold assets.....I think thats their play and its 5 years old now and as I said if their was ANYTHING IN THIS IT WOULD HAVE SETTLED LONG AGO.....

Just going through the 2004 SBM report....the litigation was Wes bought shares in SBM....then sold lost money and wants to sue for its losses....well no wonder its all a farce if I could sue everytime I lost money on shares,,,that is what it is all about...Mr Woss sold these shares and they are trying to claim their losses...I think the company has everyright to defend the claim.....and after 5 years their claim is just about out the door...what a farce

 

[Singh]

Re: SBM....St. Barbara Mines

Just going through the 2004 SBM report....the litigation was Wes bought shares in SBM....then sold lost money and wants to sue for its losses....they are trying to claim their losses...I think the company has everyright to defend the claim.....and after 5 years their claim is just about out the door...what a farce

'Chicken', was there any false announcements by SBM!!! I wonder how someone can just claim a loss on shares unless any false reports or promises were made by SBM.I hope there's nothing serious.Wish you the best for your retirement plans.