SBM - St Barbara Limited
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Re: SBM - St. Barbara Mines
with POG rising...looks as if it will be margin calls for shorters...typical bear trap..buy below 60cents...and looks as if this stock will start moving...hoping for release of news may now come after xmas..no matter..experts at kitco saying a big buyer just bought 750million US$ of Gold Stocks...word is Gold will shine in 2007.....I believe we will see $1+....after news release...that Nickel news will be the catalist.....
with POG rising...looks as if it will be margin calls for shorters...typical bear trap..buy below 60cents...and looks as if this stock will start moving...hoping for release of news may now come after xmas..no matter..experts at kitco saying a big buyer just bought 750million US$ of Gold Stocks...word is Gold will shine in 2007.....I believe we will see $1+....after news release...that Nickel news will be the catalist.....
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Re: SBM - St. Barbara Mines
Looks like POG keeps re-testing the $615 level & holding, with the nice re-bound to $622 today. SBM has a similar base now about .55c. What is encouraging is how little gold stocks have sold off with these corrections, especially the $11 fall a couple of days ago.
I'm tending to disregard any tech analysis of the POG these days as there are too many factors at play, from a commodity angle to currency angle to geopolitical angle, each one primed to favour gold, although commodities may be a drag on the price in the short term.
I'm waiting till the end of this year after which I think things will start to happen, both with the US recession(s), the $US resuming it's 'correction' and middle east (oil) tensions.
Then load up on gold & short the rest
Looks like POG keeps re-testing the $615 level & holding, with the nice re-bound to $622 today. SBM has a similar base now about .55c. What is encouraging is how little gold stocks have sold off with these corrections, especially the $11 fall a couple of days ago.
I'm tending to disregard any tech analysis of the POG these days as there are too many factors at play, from a commodity angle to currency angle to geopolitical angle, each one primed to favour gold, although commodities may be a drag on the price in the short term.
I'm waiting till the end of this year after which I think things will start to happen, both with the US recession(s), the $US resuming it's 'correction' and middle east (oil) tensions.
Then load up on gold & short the rest
Re: SBM - St. Barbara Mines
57cents seems to be the bottom...that is if you want any size parcel...you might get 8 shares for 56.5 cents..but any price below 60cents is a good buy....I now hold 300k....for long term gain.....Dr Doom said:Looks like POG keeps re-testing the $615 level & holding, with the nice re-bound to $622 today. SBM has a similar base now about .55c. What is encouraging is how little gold stocks have sold off with these corrections, especially the $11 fall a couple of days ago.
I'm tending to disregard any tech analysis of the POG these days as there are too many factors at play, from a commodity angle to currency angle to geopolitical angle, each one primed to favour gold, although commodities may be a drag on the price in the short term.
I'm waiting till the end of this year after which I think things will start to happen, both with the US recession(s), the $US resuming it's 'correction' and middle east (oil) tensions.
Then load up on gold & short the rest
Sean K
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Re: SBM - St. Barbara Mines
This has had an ordinary run of late, probably in line with POG slight correction.
It should find some support here at $0.55, also hitting 200d ma, but the MACD looks ominous. Breaking through there is bad news. Next support $0.50 ish. Could be a buying opp shortly depending on how it responds to the $0.55 area.
What news is due Chicken? Any upside surprises to come you think, or is everything in the market?
This has had an ordinary run of late, probably in line with POG slight correction.
It should find some support here at $0.55, also hitting 200d ma, but the MACD looks ominous. Breaking through there is bad news. Next support $0.50 ish. Could be a buying opp shortly depending on how it responds to the $0.55 area.
What news is due Chicken? Any upside surprises to come you think, or is everything in the market?
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Re: SBM - St. Barbara Mines
I told you before yes there is news coming.....Nickel results from the Sullivans...and you will find that its going to be big news....mind you SBM have been very busy over the last 12 months but any holders like myself will get the benefit....the SP should rise again over the next 12 months ..over 100% we will see as far as 55cents...I like to buy more for that price but cant see it 57cents is the bottom here at present....also more updates from the Gwalia in the new year....and inclusion in the ASX200 will see this SP rise....SBM are adding and are growing more...all good news for this Aussie goldie...SBM have and these are Mr Tim Treadgolds words which were published 4 operating goldprocessing plants,a number of mines and a 10000sqKM land bank that covers some of the most prospective mineralised structures in Australia,if not the world...so if you think its a ramp...well get SHARES MAY 2005 its ALL there in black and white...andf read it for yourself....after all SBM is a PRODUCER....not burning $$$ for looking...its all therekennas said:
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Re: SBM - St. Barbara Mines
kennas, I'm no TA guru but I've looked at the weekly chart for SBM and while it looks a bit shaky it still might just be getting ready to break out after this pennant formation?. I think the logic is that the strength of the previous gains are indicative of the breakout strength, what do you think?. If so we're looking at somewhere near 80c or so? All depends on POG as well. Comments on the analysis? Weekly may show longer trend instead of daily noise?. And the MACD still ok.
kennas, I'm no TA guru but I've looked at the weekly chart for SBM and while it looks a bit shaky it still might just be getting ready to break out after this pennant formation?. I think the logic is that the strength of the previous gains are indicative of the breakout strength, what do you think?. If so we're looking at somewhere near 80c or so? All depends on POG as well. Comments on the analysis? Weekly may show longer trend instead of daily noise?. And the MACD still ok.
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Sean K
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Re: SBM - St. Barbara Mines
Looks ok on the weekly. Good that there was a higher high in Oct/Nov compared to Jul ish. Makes it look like it's consolidating sideways rather than any downward momentum. This short term downward action may be just more consolidation before the next move. up. And you are right with POG. Is the start of the recent decline equate to the decline in gold from the $640ish high? I'm sure it might. POG has consolidate arounf $615-$620 now which seems to have turned into a decent support line, as hoped. POG seems to be closely related to $US the past few weeks as opposed to geopolitics and POI. Once they all get in sync (geopol bad, POI up, $US down) then I'd expect POG to climb back through $630s and on....SBM might be set then to climb back through $0.65/70 and beyond.Dr Doom said:
Re: SBM - St. Barbara Mines
Read what I said about the Sullivans....this could be larger than the Cosmos...Mr Ed Eshuys thinks that this could be indeed the case....expanding company with the best land in the Golden mile....Read what Mr Tim Treadgold had said about SBM...as far as the SP its manipulated by the big boys 75.48% of ALL shares are owned by 20 shareholders...and the big boys and brokers are buying ALL the time...selling as well to keep the stock from rising..its being caped at present....SBM are a PRODUCER not burning $$$ and the upside is hugh...and a safe stock as it is in Australia..not in another place such as Philipines or Africa...Fab said:
Re: SBM - St. Barbara Mines
What do you mean by the big boys are manipulating the price? Wouldn't it be better for them to let the stock rise?chicken said:Read what I said about the Sullivans....this could be larger than the Cosmos...Mr Ed Eshuys thinks that this could be indeed the case....expanding company with the best land in the Golden mile....Read what Mr Tim Treadgold had said about SBM...as far as the SP its manipulated by the big boys 75.48% of ALL shares are owned by 20 shareholders...and the big boys and brokers are buying ALL the time...selling as well to keep the stock from rising..its being caped at present....SBM are a PRODUCER not burning $$$ and the upside is hugh...and a safe stock as it is in Australia..not in another place such as Philipines or Africa...
Re: SBM - St. Barbara Mines
Big boys, when they know (read "think") a stock will go up, they often cap the price so they can accumulate cheapies. Iv seen this plenty of times.
Usually very small sell parcels always dumping to the bid every few, say 10-15mins, and its the same parcel size, usually something like 1000 shares, very small, and u wouldnt do this unless you were a broker, then every couple of hours, when the offer is a few levels down because of the constant bot selling, a big player comes in and cleans up.
Manipulation at its very finest
Of course it works the other way as well, if the big players want to get out, they put in several times small buy orders, bring the price up, then dump.
Gotta love the market
Fab said:
Big boys, when they know (read "think") a stock will go up, they often cap the price so they can accumulate cheapies. Iv seen this plenty of times.
Usually very small sell parcels always dumping to the bid every few, say 10-15mins, and its the same parcel size, usually something like 1000 shares, very small, and u wouldnt do this unless you were a broker, then every couple of hours, when the offer is a few levels down because of the constant bot selling, a big player comes in and cleans up.
Manipulation at its very finest
Of course it works the other way as well, if the big players want to get out, they put in several times small buy orders, bring the price up, then dump.
Gotta love the market
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Re: SBM - St. Barbara Mines
Chicken, stop ramping or you wil make me very cranky. You shouldn't be calling stocks "buys" or "sells" unless you are a licensed financial advisor. I am assuming you aren't so please don't do it. Future posts calling stocks "buys" or "sells" will be removed.
chicken said:Whoever removed the last post just has not got a clue...I said that SBM is a buy below 60cents..watch it this year as Nickel will come into play....
Chicken, stop ramping or you wil make me very cranky. You shouldn't be calling stocks "buys" or "sells" unless you are a licensed financial advisor. I am assuming you aren't so please don't do it. Future posts calling stocks "buys" or "sells" will be removed.
Kauri
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Re: SBM - St. Barbara Mines
Bit of an overhang to work through for a takeover???
chicken said:Yep..its going north....following the Gold price....could at such a low price become a takeover target....hope not as I can see a much HIGHER PRICE ON THIS ONE....
chicken said:
Bit of an overhang to work through for a takeover???
Re: SBM - St. Barbara Mines
Kauri..no overhang here...if the big shareholder decide to do a deal with Barrick as an example..its easy as long as the money is right and as I said before 75.45% owned by 20 shareholders....whatever they decide we little fellows have to go along....Kauri I see a MUCH larger SP in the near future as this stock has formed a fantastic base around the 57cents and breakout is iminent....and the move to Melbourne and the inclusion of SBM in the ASX200 in 2007 will all play a part in this stock marching to new heights......Kauri said:
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Re: SBM - St. Barbara Mines
Hey Chicken, i cant find any info about a sullivans nickel prospect in their announcements... can you give me a link or something?
Hey Chicken, i cant find any info about a sullivans nickel prospect in their announcements... can you give me a link or something?
