SBM - St Barbara Limited

[chicken]

Re: SBM....St. Barbara Mines

'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.

Singh....read the 2004 SBM report its ALL there....as I posted all OLD HAT with little substance..read it on page 58.....not a big deal....lawyers loving it....but for the total equasion of SBM...very little effect...just brown stuff being thrown around......READ IT YOURSELF

 

[chicken]

Re: SBM....St. Barbara Mines

'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.

SBM promised nothing its all in the report 2004 page 58...and made no false statements read the 2004 report...just a small hitch..WES are trying to capitalise on SBM rise of fortune.....

 

[Singh]

Re: SBM....St. Barbara Mines

Thanks Chicken,

I just read that, I don't find any weight in their claims.I own some SBM shares, i myself got abit worried.Thanks for all the research you are doing. Lets see when the train gonna start.

 

[sam76]

Re: SBM....St. Barbara Mines

Your estimates on SBM's worth could be undervalued, Chicken.


Gold could hit $US725 on China demand
By Xiao Yu and Matt Chambers
August 9, 2005


China's growing demand for gold jewellery will drive up global prices of the metal in the next five years.

Prices may reach $US725 an ounce by 2010 from the current level of $US437 and China may overtake India as the world's largest consumer of gold jewellery, said Graham Birch of Merrill Lynch in London. Five other analysts and traders surveyed by Bloomberg said Chinese demand would bolster prices.

Jewellery demand in China, the world's fastest-growing major economy, rose 13 per cent in the first quarter and investment demand rose 36 per cent, according to the World Gold Council, a producer-funded group. Chinese incomes in urban areas rose 9.5 per cent in the first half and are forecast to surge further by the end of the decade.

"It's possible that we'll see a significant increase in demand for gold jewellery [in China]," said Darren Heathcote, head of trading at NM Rothschild & Sons in Sydney. "Rising incomes and government plans to boost domestic spending" may expand sales, he said in an email.

AdvertisementGold prices need to climb 5 per cent more to match a 16-year high of $US456.89 reached in December. Higher prices may buoy shares of Newmont and AngloGold, the two biggest goldminers. Newmont's stock has increased 4.4 per cent in the past week and AngloGold shares have risen 13 per cent so far this year.

Buying gold also protects investors against a decline in the US dollar. The metal's price usually rises as the dollar falls.

China's consumption of gold and jewellery will keep growing quickly as the economy expands and living standards rise, the Ministry of Commerce said in a report this month. The country's 1000 leading gold, silver and jewellery companies increased retail sales by 14 per cent in the first half.

"This trend is likely to continue in the medium term," said Tim Spencer, analyst with GFMS, a London research company.

China's 1.3 billion consumers are already the world's biggest users of steel, cement, copper, tin and iron ore.

An increasing number of young city women are spending more on gold jewellery from luxury brands as incomes rise. They prefer white gold, which has a silvery color and is 75 per cent pure.

Rebecca Wang, a bank clerk at HSBC Holdings in Beijing, prefers white gold to other metals such as platinum because it is cheaper and trendier. "I love it. It looks stylish and sophisticated," said Wang, who bought herself earrings and a necklace for her 29th birthday this year. "I used to think gold was dull and old-fashioned. Now I find the colour and designs attractive."

A gradual revaluation of the Chinese yuan after the country loosened the peg to the dollar last month may also increase jewellery consumption by making gold imports cheaper. "The purchasing power of the Chinese for dollar-denominated commodities has clearly gone up," said George Albino, senior analyst at Orion Securities in Toronto.

Chinese retail sales of gold jewellery rose more than 11 per cent to 224 tonnes in 2004, said GFMS. Sales might rise to as much as 600 tonnes within five years, said Merrill Lynch's Graham Birch, leading China to surpass India as the biggest consumer.

Bloomberg

 

[chicken]

Re: SBM....St. Barbara Mines

Thanks Chicken,

I just read that, I don't find any weight in their claims.I own some SBM shares, i myself got abit worried.Thanks for all the research you are doing. Lets see when the train gonna start.

Singh...this train should leave the station very soon... as this stock without SWG assets was once as high as $2....looking at figures SBM assets are in the vicinity of $300 million...maybe even higher the shares at 13cents are $75 million so just think we have a lot of upside..do your research.....and with GOLD rising....and SBM working the assets there is money for everyone.....it was just luck for the company to have bought the SWG assets so cheaply.......unreal thats all I can say.....and for us shareholders a great bonus.....

 

[chicken]

Re: SBM....St. Barbara Mines

Mercator enthused by MEEKATHARRA NORTH..in partnership..say there are more than 500000 ozs of GOLD.....read it in mining newsnet.....got an email from SBM saying there is an upgrade at Hercules to 180000ozs Gold and now GWALIA upgraded to 2.5 million ozs of gold....looks as if the 9.2 million ozs are still conservative......

 

[chicken]

Re: SBM....St. Barbara Mines

NOW, today we got the announcements I have been talking about...just got mine in colour from the company in an email...I am inpressed with the line up of directors this company has got and their qalification...very impressive....and the up dates of hercules....yes this company is going to go places with this CEO...I think he got the handle of things...but of cours the SWG deal was just unreal....SBM will now have a much brighter future having secured these assets at bargain basement prices.....MAKE YOUR OWN RESEARCH PLEASE

 

[chicken]

Re: SBM....St. Barbara Mines

From Diggers & Dealers....the horses mouth.....SBM is about to start drill testing a NICKEL sulphide target north of LEONORA that said to have similarities with JUBILEE MINES BONANZA COSMOS deposit......ST BARBARA CEO ED ESHUYS told diggers & dealers that the company believed its SULLIVAN prospect had a similar signature to the unique magnetic anomaly that indicated COSMOS....The 8 km trend comprising SULLIVAN has been lightly drilled previously, returning assays in the weathered zone close to the ultramatic contact of up to 0.5% nickel and 400ppm copper.....
St. Barbara produces gold from the southern cross operations previously owned by SONS of GWALIA acquired in MARCH. Forecast production in 2005/2006 is put at 150000 ounces at cash cost of $415/oz with the company working on significantly improving those numbers in future years.

 

[sam76]

Re: SBM....St. Barbara Mines

whoah!

sbm @ 14.5 cents

go you good thing!

 

[Singh]

Re: SBM....St. Barbara Mines

Looks like the train has left the station for good

 

[Caliente]

Re: SBM....St. Barbara Mines

looks like some really solid buying pressure at .14 so we may see the close at .145 today

Great end to the week! Thanks for the tip Chicken

BTW - is anyone else in this thread watching OXR? Looks solid, and is good news overall for the Gold Sector.

 

[chicken]

Re: SBM....St. Barbara Mines

looks like some really solid buying pressure at .14 so we may see the close at .145 today

Great end to the week! Thanks for the tip Chicken

BTW - is anyone else in this thread watching OXR? Looks solid, and is good news overall for the Gold Sector.

Caliente.....as I posted re their Nickel assets..as soon as SBM indicates how much nickel we have got this BABY could growe to $1 a share...its all the way north at present......after all they now indicated that the company has 9.2 million oz of gold as their assets so if the Nickel find is as high as indicated by the CEO at DIGGERS & DEALERS we can be confident that ED is indeed a genius as some people have said.......good luck to all who are holding...might buy even some more if gold keeps rising

 

[Caliente]

Re: SBM....St. Barbara Mines

this stock continues to surprise me, in a good way
The shining beacon in my portfolio right now, along with Oxiana.

 

[chicken]

Re: SBM....St. Barbara Mines

this stock continues to surprise me, in a good way
The shining beacon in my portfolio right now, along with Oxiana.

There should be not such a big supprise when I posted everyone knew SWG assets were sold to the group this is stock which will appreciate a lot jet due to, I value their assets at $300million and the share price is only $80million or 15.5cents....as 67.5% is owned by 20 shareholders there is a squeeze on the remaining shares...it will just go higher thats the way I see it and also they are producing from the mine....which I like as they are making $$$ not burning it....this company will become rather profitable over time and gold rising what more do we want...Zinifex might even get involved as soon as the Nickel is confirmed but they will have to pay a lot more than the present share price....Thats the way I see it...anycomments

 

[It's Snake Pliskin]

Re: SBM....St. Barbara Mines

There should be not such a big supprise when I posted everyone knew SWG assets were sold to the group this is stock which will appreciate a lot jet due to, I value their assets at $300million and the share price is only $80million or 15.5cents....as 67.5% is owned by 20 shareholders there is a squeeze on the remaining shares...it will just go higher thats the way I see it and also they are producing from the mine....which I like as they are making $$$ not burning it....this company will become rather profitable over time and gold rising what more do we want...Zinifex might even get involved as soon as the Nickel is confirmed but they will have to pay a lot more than the present share price....Thats the way I see it...anycomments

It's questionable as to why they paid such a low figure for the assets.

 

[chicken]

Re: SBM....St. Barbara Mines

It's questionable as to why they paid such a low figure for the assets.

WHY, QUESTIONABLE...just GOOD business sense of SBM....they were there at the RIGHT TIME AT THE RIGHT HOUR and they knew their stuff simple..go to any auction...and you can be very lucky...as SBM said they estimate their purchase to be worth $250million $$$$ so lucky us and others....we got the price which is a company maker 5 smelters,14000square km land bank,producing mine vehicles etc.and I meant to mention lots and lots of GOLD now estimated to be 9.2 millon ozs,,ah ALSO a Possible hugh NICKEL deposit......make your research...look at Zinifex when I told everybody I was rubbished a few times but low behold...What I said was right and a few lucky people are now well rewarded....SBM will produce the goods...I own quite a few of these...my target price is $1,,,what do you say to that not only that GOLD is going HIGHER,,,so with a producing gold mines and smeltering facility...its just going to be fine for shareholders...dont buy just watch the price rise..its all going to happen...

 

[chicken]

Re: SBM....St. Barbara Mines

It's questionable as to why they paid such a low figure for the assets.

SBM ACQUIRED THE SONS OF Gwalia GOLD ASSETS EARLIER THIS YEAR FOR $2.3 MILLION CASH AND $35.7 MILLION IN ENVIRONMETAL BONDS, so say $38 million...that is what it was bought for.....read what was said in shares magazine by Mr Treadgold May issue...page 22

 

[It's Snake Pliskin]

Re: SBM....St. Barbara Mines

SBM ACQUIRED THE SONS OF Gwalia GOLD ASSETS EARLIER THIS YEAR FOR $2.3 MILLION CASH AND $35.7 MILLION IN ENVIRONMETAL BONDS, so say $38 million...that is what it was bought for.....read what was said in shares magazine by Mr Treadgold May issue...page 22

I did read that repective issue that's why I asked the question. It stated investors were slow buying. It's been a while and the market itself could be only pushing the price a bit.

 

[chicken]

Re: SBM....St. Barbara Mines

I did read that repective issue that's why I asked the question. It stated investors were slow buying. It's been a while and the market itself could be only pushing the price a bit.

The market is not pushing the price but the underlying fundamentals of the company...show me a gold producer with the assets SBM got at 15.5 cents you have a lot of gold companies but they are NOT producing and burning up cash higher in share price than SBM....this one will go up all the way to a $1 plus mark my word...and as soon as the nickel assets become clearer it will fly...St Barbara flags big exploration effort....the exploration budget for fiscal 2006 is likely to be around $10 million....and production 150000 plus oz of GOLD...so by 2006/2007 there is talk of 300000 to 500000 ozs of Gold to be produced.....this share years ago was over $2...and that was without the assets they now posess...do you see that....make your research after all 20 shareholder bought 67.5% of SBM...they saw what I have been telling this forum long before that SBM is now up 200 % in a year..and check this graph....its just being discovered by the market a stock with hugh potential

 

[Fleeta]

Re: SBM....St. Barbara Mines

Chicken, you are an absolute gun! I am 30% up after taking this info on board from you a couple of weeks ago and bought at 13.5c. Pretty soon, you should be up there with baglimit as my favourite person on this forum. Keep up the good work and GO SBM!!

In the words of Chicken - Make your own research! Make your own research!