SBM - St Barbara Limited

Sean K · 13 January 2007

Re: SBM - St. Barbara Mines

chicken said:
LOLOLOLOLOLO..I love these downrampers....next week will prove what I say..GOLD up SBM up...thats the song being played here.....LOLOLOLO

Chicken, this is probably no more downramping than your constant ramping of this stock, with minimal additional information to back your claims.

SBM might go up with POG early next week, and it will be tied to POG to some degree and moreso to their ability to get all these projects flowing. Plus, the BDG move, while IMO is short-mid term positive, may still end in tears.

By the way, have you found out what that 23m oz au endowment meant yet? This is your baby, surely you've investigated it??

Like many goldies, has come off last April's crazy highs and tracking sideways but looks slightly vulnerable. Only just made a higher high on it's last rise, but with the weekly MACD turned down it's a bearish position.

Personally, I'm interested in any gold company with more that 2 m oz in a friendly location, with low cash costs and minimal hedging. Being a gold bull, I'm obviously biaised to some degree here and I may end up losing my grandma's house on my optimism of the long term gold trend. Or, I will be on my yacht cruising through the Caribbean next year. (ASF members can join me any time ) Only time will tell.

BraceFace · 13 January 2007

Re: SBM - St. Barbara Mines

chicken said:
LOLOLOLOLOLO..I love these downrampers....next week will prove what I say..GOLD up SBM up...thats the song being played here.....LOLOLOLO

Just because somebody dares take a differing opinion to you doesn't make them a downramper, and it also doesn't give you the right to be derogatory towards them. That's just bad manners.

I actually hold SBM and have bought and sold in the past. I (and by the sound of it), a few others who follow this thread are merely trying rationalize why we continue to hold this company in our portfolio's.

Chicken, you offer us nothing but hype and hot air. I want to believe your ramps (and lets be honest - that's what they are), but you offer nothing with substance. You repeat your claims over and over and yet you offer no justification for your claims.

You obviously love SBM and have a great deal of faith in Ed. Some of us are a little more sceptical and require more concrete evidence than your ramps to convince us. As holder of SBM, I hope you are right and can turn around in the future and say "I told you so", but in the mean time wait until SBM have the runs on the board before you s**tbag the rest of us who also "do our own research".

I await a condescending response.......

Joe Blow · 13 January 2007

Re: SBM - St. Barbara Mines

chicken said:
LOLOLOLOLOLO..I love these downrampers....next week will prove what I say..GOLD up SBM up...thats the song being played here.....LOLOLOLO

Chicken, having a differing view to yours does not make one a downramper. In fact, differing views are what make forums like this interesting places. It's always good to get another perspective and to consider other points of view.

I want to see less ramping and the repetition of the same information over and over again from you. You are also expected to show respect to others - even if they disagree with you. Remember, what is okay at other forums is not necessarily okay here.

Be very careful my feathered friend or say hello to your new avatar.

chicken · 13 January 2007

Re: SBM - St. Barbara Mines

BraceFace said:
Just because somebody dares take a differing opinion to you doesn't make them a downramper, and it also doesn't give you the right to be derogatory towards them. That's just bad manners.

I actually hold SBM and have bought and sold in the past. I (and by the sound of it), a few others who follow this thread are merely trying rationalize why we continue to hold this company in our portfolio's.

Chicken, you offer us nothing but hype and hot air. I want to believe your ramps (and lets be honest - that's what they are), but you offer nothing with substance. You repeat your claims over and over and yet you offer no justification for your claims.

You obviously love SBM and have a great deal of faith in Ed. Some of us are a little more sceptical and require more concrete evidence than your ramps to convince us. As holder of SBM, I hope you are right and can turn around in the future and say "I told you so", but in the mean time wait until SBM have the runs on the board before you s**tbag the rest of us who also "do our own research".

I await a condescending response.......

I have no doubt of you doing your research..why do I hold SBM...not because I love them, but because so far SBM has delivered what they promised..and by looks of things, will do so, further see ED report...as I said before..the game has only just begun...and SBM have the management to take the company to the next level...as promised by ED Eshuys...so I hold a swag and looking at the graph...someone has been capping and accumulating them for whatever reason....look at volume, the last 4 months..there are 6 large volume spikes and the on Volume increased...that is why, I say its going to pop soon, as the sidwaytrading is very frustrating, as Gold rises SBM will rise, seems to follow the Gold price at present...I hold SBM because I feel its got the right mix of management and a very good CEO...after all he wants to see his Shareholding in the company do well..and so the other shareholders..as far as the BDG stake enough has been said and all I can say its a good start for 2007...as the POG rises so will SBM....

Flying Fish · 13 January 2007

Re: SBM - St. Barbara Mines

chicken said:
I have no doubt of you doing your research..why do I hold SBM...not because I love them, but because so far SBM has delivered what they promised..and by looks of things, will do so, further see ED report...as I said before..the game has only just begun...and SBM have the management to take the company to the next level...as promised by ED Eshuys...so I hold a swag and looking at the graph...someone has been capping and accumulating them for whatever reason....look at volume, the last 4 months..there are 6 large volume spikes and the on Volume increased...that is why, I say its going to pop soon, as the sidwaytrading is very frustrating, as Gold rises SBM will rise, seems to follow the Gold price at present...I hold SBM because I feel its got the right mix of management and a very good CEO...after all he wants to see his Shareholding in the company do well..and so the other shareholders..as far as the BDG stake enough has been said and all I can say its a good start for 2007...as the POG rises so will SBM....

Um capping? what happens when you have a placement at 60 cents chicken? The price will go up instantly right? perhaps you know more than the rest and i actually hold sbm from .10 cents, but for the uninformed please tell us why the price has been bound in this range?

chicken · 13 January 2007

Re: SBM - St. Barbara Mines

Flying Fish said:
Um capping? what happens when you have a placement at 60 cents chicken? The price will go up instantly right? perhaps you know more than the rest and i actually hold sbm from .10 cents, but for the uninformed please tell us why the price has been bound in this range?

Why the price has been bound in that range..with the on volume increasing..an accumulator has been capping the price..as soon as the SP goes up a seller the accumulator has been dropping the price..selling into the market and then buying from the sellers who have no idea....but you must know that yourself..why ask me for the obvious....this happens to a lot of shares...and triggers stoplosses..I understand brokers know or can see them..that is why....

Flying Fish · 13 January 2007

Re: SBM - St. Barbara Mines

chicken said:
Why the price has been bound in that range..with the on volume increasing..an accumulator has been capping the price..as soon as the SP goes up a seller the accumulator has been dropping the price..selling into the market and then buying from the sellers who have no idea....but you must know that yourself..why ask me for the obvious....this happens to a lot of shares...and triggers stoplosses..I understand brokers know or can see them..that is why....

Fairly cryptic response, but i guess someone can work it out. Anyway have a nice day chicken, and i am deeply sorry if I offended you.

chicken · 13 January 2007

Re: SBM - St. Barbara Mines

Flying Fish said:
Fairly cryptic response, but i guess someone can work it out. Anyway have a nice day chicken, and i am deeply sorry if I offended you.

I was not offended but just thought its so obvious...because the on Volume has gone higher....I know we are all frusturated by this sideway movement but it has to give sooner or later...IMHO

Sean K · 13 January 2007

Re: SBM - St. Barbara Mines

chicken said:
I was not offended but just thought its so obvious...because the on Volume has gone higher....I know we are all frusturated by this sideway movement but it has to give sooner or later...IMHO

Yes Chicken, but not necessarily up!

You should NOT be offended by anyone's questioning of your stock picks. Just respond objectively and reasonably and we'll all get on.

While BS baffles brains, the majority of the punters will not be sucked in by BS, so lets educate, assist, and provide, so that ASF florishes!

Good luck to all SBM holders! But buy it because you have waded through the noise! Or, otherwise.

chicken · 14 January 2007

Re: SBM - St. Barbara Mines

I read and hear that a lot of shareholders are switching from BDG to buy SBM shares...not a bad thought in the longrun..we will see some action on monday....also its rumoured that Barracks Gold looking at BDG...getting interesting next week...I wish that capper would have bought enough of SBM shares so we can get some difference of SBM SP...here is hoping something will give....

Kauri · 14 January 2007

Re: SBM - St. Barbara Mines

Chook
SBM chart(black candles) overlayed Spot gold chart(green candles).
Still keeping pretty much in sync.

Fab · 14 January 2007

Re: SBM - St. Barbara Mines

2 of Eureka reports specialists recommended SBM as one of their shares to buy for this year. I bought a few weeks ago but unfortunately I bought at 0.60c, I still like this one so for the mid to long term.

Kauri · 16 January 2007

Re: SBM - St. Barbara Mines

St Barbara says Bendigo should be holier

Andrew Trounson
January 16, 2007

ST Barbara chief executive Ed Eshuys says struggling gold miner and possible takeover target Bendigo Mining needs aggressive, closer hole drilling if it is to prove up reserves for resurrecting its Bendigo project.

Last week St Barbara snared a 10 per cent stake in Bendigo Mining, taking advantage of a share price collapse because of the shock decision to suspend mining at Bendigo and go back to the exploration drawing board. The move positions Mr Eshuys to press for a merger while acting also as a blocking stake to any other would-be acquirer.

Mr Eshuys said yesterday he had been casting his eyes over the Bendigo project for two years but had never agreed with the company's previous development strategy, which was now in tatters after initially targeted ore yielded disappointing grades and tonnages.

Mr Eshuys said new boss Rod Hanson remained on the wrong track with planned drilling of the highly variable ore too widely spaced at 200m a hole.

"That won't give you the detail that is required," Mr Eshuys said, suggesting a more aggressive spacing of 50m would be needed.

But Mr Hanson rejected criticism of the new exploration drive. He said it was a well-tested strategy to start with wide space drilling and then zero in on positive results with closer drill holes drilled 120m and then 40m apart.

"We need to start wider spaced and then home in on where the best results are," he said.

Mr Eshuys conceded he was not in a position to direct the strategy at Bendigo, but he would seek discussions with the company "at the appropriate time".

Mr Eshuys would not comment on whether St Barbara was planning a takeover bid but said its stake had given it options.

"Basically we have the option of sitting where we are, or making a bid, or selling," he said.

But while Mr Eshuys does not agree with Bendigo's exploration plan, he is in line with Bendigo in being upbeat. "There is potential for a long-life, low-cost, operation to be developed there." He said the fields had produced 22 million ounces historically, 17 million of which was from hard rock, and that mining was stopped by rising water levels, not by the ore running out.

Bendigo shares fell back 2.5c to 48c. St Barbara shares rose 3c to 54c.

Ken · 19 January 2007

Re: SBM - St. Barbara Mines

For the chartists out there, technically speaking is SBM in a bad way, or has it found its support level?

The graph has appears to be tilting south. If it breaks below 50 cents are we looking at low 40's?

chicken · 20 January 2007

Re: SBM - St. Barbara Mines

Ken said:
For the chartists out there, technically speaking is SBM in a bad way, or has it found its support level?

The graph has appears to be tilting south. If it breaks below 50 cents are we looking at low 40's?

KEN....there is a heavy CAPPER in this stock...why I do not know....look at the tradings of this stock since October....you also notice the on Volume is increasing...something is up....the Capper has DEEP pockets and will not let this stock run...check it out......just keeps it between 52c to 60cents.....its been going sideways but someone buying heavy....ON VOLUME IS UP...that gives the clue..check it

constable · 20 January 2007

Re: SBM - St. Barbara Mines

chicken said:
KEN....there is a heavy CAPPER in this stock...why I do not know..I understand Barrick Gold are looking at BDG and SBM....look at the tradings of this stock since October....you also notice the on Volume is increasing...something is up....the Capper has DEEP pockets and will not let this stock run...check it out......just keeps it between 52c to 60cents.....its been going sideways but someone buying heavy....ON VOLUME IS UP...that gives the clue..check it

chicken im intrigued, how can you possibly tell the difference between a "capper" and someone who was unloading a large position and happy to do so between a certain range?
The same was said about inl (about 3 weeks ago) being capped but lookiing back now it would seem sellers were taking advantage of the higher sp and unloading.

chicken · 20 January 2007

Re: SBM - St. Barbara Mines

constable said:
chicken im intrigued, how can you possibly tell the difference between a "capper" and someone who was unloading a large position and happy to do so between a certain range?
The same was said about inl (about 3 weeks ago) being capped but lookiing back now it would seem sellers were taking advantage of the higher sp and unloading.

Easy how I can tell....if one of our major share holder sold down notification would be posted...and its happening since OCTOBER...also watch the trading of the stock ON VOLUME going higher..which is a good sign that someone is buying large chunks of stock...maybe even JP MORGAN buying more but for whom..that is the question...but in February we shoulkd have some answers....Also if one person sold a large position...then after the ON Volume would have droped..its NOT dropping....that why I say that..accumilation taking place..thats what I see...because the ON VOLUME tells me that....does that make sence to you....seems to me

constable · 20 January 2007

Re: SBM - St. Barbara Mines

chicken said:
Easy how I can tell....if one of our major share holder sold down notification would be posted...and its happening since OCTOBER...also watch the trading of the stock ON VOLUME going higher..which is a good sign that someone is buying large chunks of stock...maybe even JP MORGAN buying more but for whom..that is the question...but in February we shoulkd have some answers....Also if one person sold a large position...then after the ON Volume would have droped..its NOT dropping....that why I say that..accumilation taking place..thats what I see...because the ON VOLUME tells me that....does that make sence to you....seems to me

This is what I dont understand... is that to cap a stock with volume coming in to it you would need a LOT of shares to keep belting it down, only a major shareholder could do that. Therefore there should be a change in substantial holding if it were a capper selling to push the price down, yes? no? only a major shareholder could cap a stock?
Or do you think it is a collusion of smaller shareholders?
It just doesn't seem obvious. It would make more sense to say that many shareholders are prepared to take advantage of the current selling price.

Dr Doom · 20 January 2007

Re: SBM - St. Barbara Mines

I'm sorry chicken, I don't follow you either. Have a look at the chart and there is a high correlation with the gold price, & volume nothing extraordinary. .

Sean K · 20 January 2007

Re: SBM - St. Barbara Mines

I've got a feeling the 'capper' theory is a way of explaining why the stock has stalled?

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