GreatPig
Pigs In Space
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Re: SBM - St. Barbara Mines
Sounds more like a crapper than a capper to me...
GP
Sounds more like a crapper than a capper to me...
GP
SBM - St Barbara Limited
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Re: SBM - St. Barbara Mines
Kennas...check the ON VOLUME...am I the only one who sees this....THE ON VOLUME IS RISING>>>>......meaning the volume of buys and sell is increasing...but with the POG increasing...see India starting within 1 months trading in Gold...forecaster on bulliondesk.com.....saying GOLD will rise ....the US will no longer be controlling the Gold as before...read it...it is getting intresting...by the way it was Kauri who saw that the POG and the Sp of SBM is following closely...as the results of the production start at Gwalia will be anounced in Feb....and the results of the Sullivan re Nickel...should all be out in Feb....kennas said:
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Re: SBM - St. Barbara Mines
The largest trade on Friday was 100,000 shares at 53 cents with 881,530 shares going through. Trading was about average for SBM and tailed off a bit from the 1.2 million earlier in the week.
The 6 monthly chart, excellent at ASX, shows a definite downtrend, as does the 20 day moving average. Infact, there is a bearish triangle forming.
SBM does tend to move with the Gold Price, as shown by an earlier poster, and has shown no sign of breaking out on its own for quite a while now.
The largest trade on Friday was 100,000 shares at 53 cents with 881,530 shares going through. Trading was about average for SBM and tailed off a bit from the 1.2 million earlier in the week.
The 6 monthly chart, excellent at ASX, shows a definite downtrend, as does the 20 day moving average. Infact, there is a bearish triangle forming.
SBM does tend to move with the Gold Price, as shown by an earlier poster, and has shown no sign of breaking out on its own for quite a while now.
Re: SBM - St. Barbara Mines
Read their quarterly report...also read..re Sullivans....re Nickel...more work being done...strike length...18kms....and Ed said its indeed pentherite Nickel deposit which needs more drilling....but 18kms strike lenth...could be another Cosmos here...read what the company said.....
Read their quarterly report...also read..re Sullivans....re Nickel...more work being done...strike length...18kms....and Ed said its indeed pentherite Nickel deposit which needs more drilling....but 18kms strike lenth...could be another Cosmos here...read what the company said.....
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Re: SBM - St. Barbara Mines
St. Barbara Raises Output Forecast on Higher Grades (Update1)
By Tan Hwee Ann
Jan. 22 (Bloomberg) -- St. Barbara Ltd., an Australian gold mining company, raised its Southern Cross gold production forecast by 4 percent after it mined higher-than-expected grades of ore in the second quarter.
The company now expects to product 172,000 ounces of gold for the year, from 165,000 ounces, Perth-based St. Barbara said today in a statement to the Australian Stock Exchange.
The company said it shipped 53,838 ounces of gold at an average price of A$785 an ounce ($604 an ounce) during the three months ended Dec. 31. It said it mined higher that forecast grades of ore at its Hercules and Marvel Loch Underground operations.
St. Barbara shares rose 1 cent, or 1.9 percent, to 54 Australian cents at 10:09 a.m. Sydney time.
St. Barbara Raises Output Forecast on Higher Grades (Update1)
By Tan Hwee Ann
Jan. 22 (Bloomberg) -- St. Barbara Ltd., an Australian gold mining company, raised its Southern Cross gold production forecast by 4 percent after it mined higher-than-expected grades of ore in the second quarter.
The company now expects to product 172,000 ounces of gold for the year, from 165,000 ounces, Perth-based St. Barbara said today in a statement to the Australian Stock Exchange.
The company said it shipped 53,838 ounces of gold at an average price of A$785 an ounce ($604 an ounce) during the three months ended Dec. 31. It said it mined higher that forecast grades of ore at its Hercules and Marvel Loch Underground operations.
St. Barbara shares rose 1 cent, or 1.9 percent, to 54 Australian cents at 10:09 a.m. Sydney time.
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Re: SBM - St. Barbara Mines
My feeling about this stock is that is that something is about to happen.
I am not saying that people should invest in the stock, nor do i own shares in it, but purely from a speculative point of view i have been following it for some time.. My view is that something major is about to occur in the history of the company, its taken a new course and direction and the management is on to something.. if your a shareholder i think you may be up for some interesting times...
All in MHO and DYOR
My feeling about this stock is that is that something is about to happen.
I am not saying that people should invest in the stock, nor do i own shares in it, but purely from a speculative point of view i have been following it for some time.. My view is that something major is about to occur in the history of the company, its taken a new course and direction and the management is on to something.. if your a shareholder i think you may be up for some interesting times...
All in MHO and DYOR
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Re: SBM - St. Barbara Mines
Gold has gone up US$10 overnight. LHG up >4%. Why has SBM fallen 0.5c to 52c? Is this a lagging gold stock?
Gold has gone up US$10 overnight. LHG up >4%. Why has SBM fallen 0.5c to 52c? Is this a lagging gold stock?
Re: SBM - St. Barbara Mines
No longer following the POG maybe. Finally a breakaway, a good action at the wrong time? With a name like St Barbara it almost sells itself, a bit of guided fortune and the Saintly content can bring some devine influence on the SP.
No longer following the POG maybe. Finally a breakaway, a good action at the wrong time? With a name like St Barbara it almost sells itself, a bit of guided fortune and the Saintly content can bring some devine influence on the SP.
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Re: SBM - St. Barbara Mines
Warwick Capper??? Someone tell him he has to BUY to make money
Warwick Capper??? Someone tell him he has to BUY to make money
Sean K
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Re: SBM - St. Barbara Mines
But I think it might eventually. They're establishing a nice resource and as a long term gold bull, I think they might make some money one day.
Dr Doom said:Warwick Capper??? Someone tell him he has to BUY to make money
Chicken only squawks when the sp in going up.Deadcat said:
But I think it might eventually. They're establishing a nice resource and as a long term gold bull, I think they might make some money one day.
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Re: SBM - St. Barbara Mines
kennas, I thought they were rolling in it, something like $60m cash in the bank. Yes, always something going on at SBM HQ. Haven't heard the last of them yet.
The shares on issue is the problem, they may have to increase the buy-back somewhat. But then, they are still hinting on further acquisitions, so they would need the spare cash. Probably their last chance to pick up a junior at these depressed prices.
kennas, I thought they were rolling in it, something like $60m cash in the bank. Yes, always something going on at SBM HQ. Haven't heard the last of them yet.
The shares on issue is the problem, they may have to increase the buy-back somewhat. But then, they are still hinting on further acquisitions, so they would need the spare cash. Probably their last chance to pick up a junior at these depressed prices.
Re: SBM - St. Barbara Mines
Thanks Ken, but my dollars that are not invested in this company are presently actually earning me dollars elsewhere. I like to pick chickens bones due to his continual sales pitch, unsubstantiated share price predictions and his friend Mr Capper.
Thanks Ken, but my dollars that are not invested in this company are presently actually earning me dollars elsewhere. I like to pick chickens bones due to his continual sales pitch, unsubstantiated share price predictions and his friend Mr Capper.
Re: SBM - St. Barbara Mines
I think the stock is being dumped at the moment. Some big sells in the last 10 trades.
Not liking the looks of it for the next few months.
Looks like more downside than upside in the short term...
Falling below 50 cents seems significant and I can see it dropping to 45 cents.
Volumes are very low.
Over the last 12 months very disappointing stock.
Started 2006 at 50 cents....
I think the stock is being dumped at the moment. Some big sells in the last 10 trades.
Not liking the looks of it for the next few months.
Looks like more downside than upside in the short term...
Falling below 50 cents seems significant and I can see it dropping to 45 cents.
Volumes are very low.
Over the last 12 months very disappointing stock.
Started 2006 at 50 cents....
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Re: SBM - St. Barbara Mines
Latest report on St Barbara: http://www.smh.com.au/news/business...ig-gwalia-deeps/2007/01/22/1169330827283.html
Seems to cover the reasons for the shares of SBM being on the slide.
Latest report on St Barbara: http://www.smh.com.au/news/business...ig-gwalia-deeps/2007/01/22/1169330827283.html
Seems to cover the reasons for the shares of SBM being on the slide.
Re: SBM - St. Barbara Mines
Good article. That helps to explain the slide. Why would anyone buy a 'troubled' company from it's own industry then not push to at least sit on the board? Don't seem to be rushing to meet the management team either. Weird. I would have thought you would want to put your own knowledge and expertise to work (and quickly) to get the company going again... unless they bought in for some other reason. And throwing up a huge production target only to massively underdeliver is an interesting tactic! What are these guys doing?
Good article. That helps to explain the slide. Why would anyone buy a 'troubled' company from it's own industry then not push to at least sit on the board? Don't seem to be rushing to meet the management team either. Weird. I would have thought you would want to put your own knowledge and expertise to work (and quickly) to get the company going again... unless they bought in for some other reason. And throwing up a huge production target only to massively underdeliver is an interesting tactic! What are these guys doing?
