SBM - St Barbara Limited

[Dr Doom]

Re: SBM - St. Barbara Mines

Director buying
-------------------------------------------------------

Name of entity St Barbara Limited
ABN 36 009 165 066
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the
director for the purposes of section 205G of the Corporations Act.
Name of Director Mr Saul Jonathan Colin Wise

Date of change 31 December 2006
No. of securities held prior to change 3,747,679
Class Fully paid ordinary shares
Number acquired 51,724
Number disposed Nil
Value/Consideration
Note: If consideration is non-cash, provide details and estimated
valuation
$30,000.00
No. of securities held after change 3,799,403
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment plan, participation in buy-back
On-market purchase pursuant to Non
Executive Director Share Plan.

 

[noirua]

Re: SBM - St. Barbara Mines

Director buying
-------------------------------------------------------

Name of entity St Barbara Limited
ABN 36 009 165 066
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the
director for the purposes of section 205G of the Corporations Act.
Name of Director Mr Saul Jonathan Colin Wise

Date of change 31 December 2006
No. of securities held prior to change 3,747,679
Class Fully paid ordinary shares
Number acquired 51,724
Number disposed Nil
Value/Consideration
Note: If consideration is non-cash, provide details and estimated
valuation
$30,000.00
No. of securities held after change 3,799,403
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment plan, participation in buy-back
On-market purchase pursuant to Non
Executive Director Share Plan.

The price has slipped 3 cents on the news, hmmmm?

 

[chicken]

Re: SBM - St. Barbara Mines

Director buying
-------------------------------------------------------

Name of entity St Barbara Limited
ABN 36 009 165 066
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the
director for the purposes of section 205G of the Corporations Act.
Name of Director Mr Saul Jonathan Colin Wise

Date of change 31 December 2006
No. of securities held prior to change 3,747,679
Class Fully paid ordinary shares
Number acquired 51,724
Number disposed Nil
Value/Consideration
Note: If consideration is non-cash, provide details and estimated
valuation
$30,000.00
No. of securities held after change 3,799,403
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment plan, participation in buy-back
On-market purchase pursuant to Non
Executive Director Share Plan.

Great sign..usually it means we get some news a week later and the SP going higher....SBM ITS graph looking good..on volume increasing

 

[BraceFace]

Re: SBM - St. Barbara Mines

So why the price drop now?

I don't get it....

 

[Sean K]

Re: SBM - St. Barbara Mines

Chicken, can you help me out please. (never thought I'd say that)

I'm trying to work out how much gold reserves SBM actually have.

They claim thay have an 'endowment' of 23.2m oz.

From wikipedia: A financial endowment is a transfer of money or property donated to an institution, with the stipulation that it be invested, and the principal remain intact. This allows for the donation to have a much greater impact than if it were spent all at once.

So, what's endowment meant to SBM.

Now, if this is gold reserves been given to them after the break up of Sons of Gwalia, where are these 23m oz?

There main projects and gold reserves that I can see are:

Gwalia - 3.3m oz.
SX - (Marvel Loch) - 2m oz.
SX - (Nevoria & Tranvsaal) - 835k oz historical production. Now drilling.
Gwalia Deeps - 885k oz, potential 1.9m oz indicated.
Tarmoola - 'potentially' 1.3 m oz. Exploration ongoing.
Leonora - Exploration.

So, to me that adds up to a total of 7.485 m oz current best case, with Leonora to perhaps add in.

Now, that's quite a bit of gold, but what's the 23m oz thing?

 

[chicken]

Re: SBM - St. Barbara Mines

Chicken, can you help me out please. (never thought I'd say that)

I'm trying to work out how much gold reserves SBM actually have.

They claim thay have an 'endowment' of 23.2m oz.

From wikipedia: A financial endowment is a transfer of money or property donated to an institution, with the stipulation that it be invested, and the principal remain intact. This allows for the donation to have a much greater impact than if it were spent all at once.

So, what's endowment meant to SBM.

Now, if this is gold reserves been given to them after the break up of Sons of Gwalia, where are these 23m oz?

There main projects and gold reserves that I can see are:

Gwalia - 3.3m oz.
SX - (Marvel Loch) - 2m oz.
SX - (Nevoria & Tranvsaal) - 835k oz historical production. Now drilling.
Gwalia Deeps - 885k oz, potential 1.9m oz indicated.
Tarmoola - 'potentially' 1.3 m oz. Exploration ongoing.
Leonora - Exploration.

So, to me that adds up to a total of 7.485 m oz current best case, with Leonora to perhaps add in.

Now, that's quite a bit of gold, but what's the 23m oz thing?

DONT KNOW...email SBM...they will give you the answer.....to that question...I notice your no in Ozs of Gold..they have recently been upgraded...see www.stbarbara.com.au a lot higher than what you posted must check again...was in their latest announcements...regards Chicken

 

[Sean K]

Re: SBM - St. Barbara Mines

I notice your no in Ozs of Gold..they have recently been upgraded...see www.stbarbara.com.au a lot higher than what you posted must check again...was in their latest announcements...regards Chicken

No chicken, that is the latest. I think you need to look it up.

The last report referencing gold reserves on 16/11 by the MD actually states 'just under 7m oz'.

 

[chicken]

Re: SBM - St. Barbara Mines

I noticed since October..someone is buying heavy in SBM...It is known that SBM will go into the ASX 200...it is know that SBM are shortlisted to takeover another goldcompany...its also known that the Sullivan is being drilled for Nickel...and its also know SBM are expanding...as far as today a big buyer is playing the market...buying all he can at as lower price as he can...I think they call it a bear trap....I bought more today as SBM will show that the assets from SWG are indeed well worth ther wait...after all check the spikes out in the last 4 months...and you will find 5 Volume spikes in the SP..so who said something is up...I feel someone wants the stock..this is not a sell down but a bears trap...

 

[Ken]

Re: SBM - St. Barbara Mines

chicken.

people play the market with every stock.

i hope your right and someone is buying up big.
however i also feel that it could be people selling off there speculative stocks with the losses in the bigger mining stocks. possible.

either way if its possible to check every trade for sbm today. it would indicate whether or not it was the same qty's being bought /sold, and could give a trend.

2.5 million shares traded on a day where a stock falls close to 10% would look like sell down.

but i hope your right, and its just these so cappers you talk about it.

 

[noirua]

Re: SBM - St. Barbara Mines

The mining sector has been weaker since the New Year started and SBM are suffering as much as the rest. EE's comments on vigorous plans for growth, combined with the move to Melbourne, have been followed up with sparse information. Until the mining sector resumes its upwards march, IMHO, or the company reveals its plans, confidence may ebb away.

 

[Kauri]

Re: SBM - St. Barbara Mines

POG may not be helping???

 

[noirua]

Re: SBM - St. Barbara Mines

POG may not be helping???

That is indeed a nasty slide Kauri, and certain mining stocks MAY well be under pressure at the opening on the ASX.
Views on the Dollar are changing as the British Pound falls quite a bit in the last few days of the week. Hopefully the Aussie Dollar will slide as well - looking for A$1.35 to the greenback next week.

 

[chicken]

Re: SBM - St. Barbara Mines

What more can I say....SBM is starting to move in the right direction..I see 6 big spikes in the last 3 months all around 6 million shares....someone is buying

 

[wayneL]

Re: SBM - St. Barbara Mines

....someone is buying

or selling

 

[chicken]

Re: SBM - St. Barbara Mines

or selling

Fair enough..the SP is rising and yes for every seller you need a buyer....but the on volume is going higher have a look..ASX 200 time soon...and updates etc...Are producers and ED is doing a fine job.....not a wannabe like that Goldie today.....SBM has so far achieved ALL it said it would....now how many Goldies have done this in Australia....and made a profit as well

 

[GreatPig]

Re: SBM - St. Barbara Mines

SBM is starting to move in the right direction

Been loading up the truck again, Chicken?

GP

 

[OK2]

Re: SBM - St. Barbara Mines

I must compliment your enthusiasm Chicken. I am sure that SBM will come good eventually, but when I am not too sure!

 

[chicken]

Re: SBM - St. Barbara Mines

I must compliment your enthusiasm Chicken. I am sure that SBM will come good eventually, but when I am not too sure!

Watch the GOLDPRICE...Kauri will tell you SBM at present follows the Goldprice....also watch when the go into the ASX200 in this 1/4....this is a real GOLD producer....so its not a wannabe....and as production rises so will this SP...it all takes time.....

 

[chicken]

Re: SBM - St. Barbara Mines

With Gold going up...SBM should show signs of life..also some of the BDG shareholders will be looking to buy as they want to be exposed to GOLD....as their company is now relegated to explorer..I feel sorry for the shareholders who bought into their company at a very high price...lucky I picked a company which will be included in the ASX200 next and have such great management skills.....Mr Tim Treadgold wrote a few articles about SBM and he knows what he was talking about....

 

[Sean K]

Re: SBM - St. Barbara Mines

With Gold going up...SBM should show signs of life..also some of the BDG shareholders will be looking to buy as they want to be exposed to GOLD....as their company is now relegated to explorer..I feel sorry for the shareholders who bought into their company at a very high price...lucky I picked a company which will be included in the ASX200 next and have such great management skills.....Mr Tim Treadgold wrote a few articles about SBM and he knows what he was talking about....

Chicken can you post a link to Mr T's articles or post them in here please. You keep mentioning him but no one seems to have read any of his stuff from what I can gather. If anyone else has please help us out by providing some information. Thanks!

Chicken what makes you think SBM will be next in the ASX200? Interesting.