SBM - St Barbara Limited

[chicken]

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?

Read what I posted in 2005...about the 56 thread....its all there re what Mr Ed Eshuys had said...re magnetic print and all.....the Sullivans are ready to rock and roll....someone just bought big at 59cents....

 

[chicken]

Re: SBM - St. Barbara Mines

One sale of 2million shares at 59cents...price$1180000..one hit...and a few more big sales...someone wants them....capper is having troubles in keeping price down....

 

[noirua]

Re: SBM....St BARBARA MINES

Has nothing to do with ramping...I shall come back to what you just said...and then I will point out I TOLD YOU ALL.....I said do your research..now have you I bet you have not even looked.....DO YOUR RESEARCH....and read what I posted..nothing to do about ramping..they are talking about 400000 oz per year production...this will be a much larger company...read their website....

I bought some shares in SBM this morning and I must say I haven't a clue which way the gold price is going for 2007, nor would I care to guess. The shares trade at a reasonable price, IMHO, though I'm not expecting much in the short term.
Once EE and his fellow Directors are settled in Melbourne, they may let us know what all their expansion plans are for the future. Probably not any cheap buys in this sector and unlikely to be any Sons of Gwalia's going begging.
SBM look solid enough and will probably do quite well even if the waters get a bit choppy.

 

[chicken]

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?

Read no 68 post....I posted that on this board....

 

[chicken]

Re: SBM - St. Barbara Mines

Reading on another forum.....Chinese are selling $1 Trillion US....no wonder the GOLD is rising....US are having problems now.....with the US Dollar....also the Chinese are not prepared to hold onto large US currency as the US has depreciated by 30% and the Chinese lost $300billion.....this is heavy....Gold and Euro prefered currency.....

 

[Fab]

Re: SBM - St. Barbara Mines

Close over 0.60 in good volume. This must be a good sign.

 

[Kauri]

Re: SBM - St. Barbara Mines

Reading on another forum.....Chinese are selling $1 Trillion US....no wonder the GOLD is rising....US are having problems now.....with the US Dollar....also the Chinese are not prepared to hold onto large US currency as the US has depreciated by 30% and the Chinese lost $300billion.....this is heavy....Gold and Euro prefered currency.....

Not quite so heavy when you actually read the article though..

However, China which presently holds more that $1 Trillion dollars in FX reserves, remains a critical contributor to dollar stability going forward. A newly elected Democratic Congress and more belligerent attitude from Fed Chairman Ben Bernanke, who in a recent speech in China suggested that the country’s currency policy resulted in an effective export subsidy, could spur a diplomatic as well as a financial conflict with one of the US’s largest trading partners. Should China simply stop purchasing new US government and agency debt obligations, the safety margin between the TICS surpluses and the trade deficits could narrow dangerously and reignite worries about future US financing capability. Therefore, the US China relationship may well be the single most important geo-political factor facing the US dollar next year. As long as Chinese and Persian Gulf countries continue to recycle their surplus dollars into US securities – a process some analysts have dubbed “Bretton Woods II” - the dynamic should generate global growth and relative stability in the currency market. However, if this process is somehow compromised for political reasons the greenback could face serious turbulence in the year ahead.

 

[chicken]

Re: SBM....St BARBARA MINES

The assets bought from Sons of Gwalia are turning out to be indeed worldclass assets with a potential which will propel SBM into a much larger producer....and it took great management...which SBM enjoys...to revitalise these assets...and as Mr Ed Eshuys said it took a while to bed it down...the company is enjoying spectacular growth due to all the company workers and managment pulling together...as I understand Mr Ed Eshuys has got a great team now....it takes time to do that...Mr Ted Treadgold wrote about it, and a lot of changes had to be implemented...It looks as if SBM indeed has achieved these ends....The company is in a hugh growth stage now...in 2007 inclusion in the ASX200...and by 2010 SBM are aiming to produce 1 million ozs of GOLD...not bad from 2 companies which came back from the abyss...see my first posts....After all its only 2 years since this has happened and I feel that their shift to Melbourne will create another plus for SBM...I think we will hear a lot more in 2007 of what SBM future in the commodity cycle will be..Nickel from the Sullivans will be their next big headlines...their landbank of 14000 sq Km will play an important part in propeling SBM into a much larger mining house...check the volume spikes.. I noticed 4 or 5 in the last 3 months...I think the 300% increase is achievable because of their track record in the last 2 years..after all 9cents to 60cents that is 500% increase last year alone...and one only has such an increase if the market believes in them..SBM has 20 shareholders holding 75.45% of all shares and they holding tight on to the stock as payday will be here soon...it takes longer in the mining industry but once the wheels are turning..like now with SBM...a lot of money will be made...and I like to be there to collect as well. SBM was lucky to get the Sons of Gwalia assets - this was once in a lifetime opportunity for them and that is why I am sitting tight on the shares I own...what a ride in this stock....

 

[GreatPig]

Re: SBM - St. Barbara Mines

Hey Chicken, you don't happen to work in SBM's PR department by any chance?

GP

 

[Dr Doom]

Re: SBM - St. Barbara Mines

Go chicken!. SBM has been hinting at a major acquisition also, announcement soon I think. Also, Croesus tenders down to a handful of hopefuls. SBM has the potential to be the next OXR, and commensurate share price increase. Oh, and more share buybacks, meaning value per share rises!!??
I'm holding for the long term, absolute minimum of $1 per share short term. Could also be target of further industry consolidation.

 

[Ken]

Re: SBM - St. Barbara Mines

By 2010 it is forecasting 1 million ounces of gold.

What would this equate to in share price?

How much do oxr, lhg, newcrest mining do?

I noticed volumes were up 60 cents.

And all the analysts are bullish on gold...

SBM also got a mention in Smart Investor magazine for December.

What sort of dates are we looking at for it to run?

 

[nizar]

Re: SBM - St. Barbara Mines

And all the analysts are bullish on gold...

I wonder if this is a good thing....
"Analysts" dont tend to have the best track records...

 

[Fab]

Re: SBM - St. Barbara Mines

I wonder if this is a good thing....
"Analysts" dont tend to have the best track records...

I tend to agree with on this comment having said that I just bought this one based on some Eureka report analyst recommendation.
SBM was recommended by 2 of their analyst to perform well for next year and so far I have to say Eureka report has been a very valuable report for me to read and use to make buying and selling decision. Hopefully they got it right with SBM.

 

[chicken]

Re: SBM - St. Barbara Mines

I tend to agree with on this comment having said that I just bought this one based on some Eureka report analyst recommendation.
SBM was recommended by 2 of their analyst to perform well for next year and so far I have to say Eureka report has been a very valuable report for me to read and use to make buying and selling decision. Hopefully they got it right with SBM.

FAB...look at my earlier posts....I bought after Mr Tim Treadgolds recomendation and his comments...its been a first class winner for me...hold now 300k shares and what will it be worth for the fundmangers who will be buying as SBM will go into the ASX 200..as per SBM news...as Gold rises so will SBM...but at present there is drilling in the Sullivans and if it is indeed a huge Nickel deposit as sugested by Mr Ed Eshuys then this goldie will indeed lay the golden egg for us shareholders.....

 

[Fab]

Re: SBM - St. Barbara Mines

FAB...look at my earlier posts....I bought after Mr Tim Treadgolds recomendation and his comments...its been a first class winner for me...hold now 300k shares and what will it be worth for the fundmangers who will be buying as SBM will go into the ASX 200..as per Sbm news...as Gold rises so will SBM...but at present there is drilling in the Sullivans and if it is indeed a hugh Nickel deposit as sugested by Mr Ed Eshuys then this goldie will indeed lay the golden egg for us shareholders.....

Who is Mr Tim Treadgold?

 

[chicken]

Re: SBM - St. Barbara Mines

Who is Mr Tim Treadgold?

Mr Tim Treadgold is a Perth based business journalist...has a degree in Geology to the Perth University....knows western Australia..who has written for BRW and Shares magazine since they were founded..he studied geology but switched to journalism in 1969 during the Poseidon Nickel boom....Mr Tim Treadgolds opinion and publishings are well researched and well respected by the investments comunity...he knows his subject well....

 

[Fab]

Re: SBM - St. Barbara Mines

Mr Tim Treadgold is a Perth based business journalist...has a degree in Geology to the Perth University....knows western Australia..who has written for BRW and Shares magazine since they were founded..he studied geology but switched to journalism in 1969 during the Poseidon Nickel boom....Mr Tim Treadgolds opinion and publishings are well researched and well respected by the investments comunity...he knows his subject well....

Thanks for that Chicken

 

[Ken]

Re: SBM - St. Barbara Mines

i dont know why.

but today i bought 3500 shares in SBM,

I held AGM from 33 cents to 40 cents and am kicking myself...

I think SBM could have more to offer than them, and 10 million gold ounce resource just says buy to me... I bought today at 59.5 cents. 2Ks worth.

I may have missed the boat and boat at wrong time but in 5 years time, whats a coupe of cents here or there if they do really kick some goals....

I had some faith in COE and had a nibble at them aswell at 46.5 cents. I am so in debt on the margin loan... T3 doing the job though...

 

[hitmanlam]

Re: SBM - St. Barbara Mines

I am so in debt on the margin loan... T3 doing the job though...

That doesn't sound too good Kenny. Just remember mate not to over expose yourself with too much risk. Don't want a stock to collapse with money you don't have.

 

[chicken]

Re: SBM - St. Barbara Mines

i dont know why.

but today i bought 3500 shares in SBM,

I held AGM from 33 cents to 40 cents and am kicking myself...

I think SBM could have more to offer than them, and 10 million gold ounce resource just says buy to me... I bought today at 59.5 cents. 2Ks worth.

I may have missed the boat and boat at wrong time but in 5 years time, whats a coupe of cents here or there if they do really kick some goals....

I had some faith in COE and had a nibble at them aswell at 46.5 cents. I am so in debt on the margin loan... T3 doing the job though...

Ken,...You said SBM could more to offer.....read what is written and you will find SBM has indeed a lot to offer but IT ALL TAKES TIME TO MATURE...I own now 300k in shares as I can see a huge upside...the stock is forming a great base on the graph...and the on volume is rising further which is a great sign..I also own AGM shares also a great company in the making..SBM will start soon showing its colours...just think 20 shareholders are holding 75.45% of all the shares in SBM...and I surely know for a good reason the company is expanding rapidly....non of those 20 shareholders are selling any.....and I am holding as well as our payday will surely come....POG is rising