SBM - St Barbara Limited

[chicken]

Re: SBM - St. Barbara Mines

I'm on the train now too. Good reserves, no debt, plenty of cash in the bank + investments, promising projects, aggressive business plan and the switched on, ass kicking Mr Ed in the big chair. SBM looks good to me and I also can't see why they are at 50c. Still have a question mark over their processing ability though. LHG are further down the road with huge reserves, higher production, deeper pockets and the same ambition to get production past 1m oz pa... only they are about to stump up $500m for a mill to realise that ambition. What are SBM doing?

When SBM bought the SWG GOLD assets....they also got 4 Gold smeltering places in WA....Mr Tim Treadgold said...that if Ed gets it together and starts producing GOLD..which he is that SBM will be a sleeper with a wakeup call...but as Kauri just posted..it looks as if we have turned the corner..also nearly 80% of ALL share are now owned by 20 shareholders....of course the small holder is selling to the large holder...and as ED got 10million shares and options himself...he is looking to get results..and he is getting them...be sure to watch him as he does not suffer FOOLS....I am sure of that..the operation is getting larger by the months....and I think BDG is NOT a lost cause....as ED will sort it out...he is singing a song called..I DO IT MY WAY....

 

[Warren Buffet II]

Re: SBM - St. Barbara Mines

Did a revisit a week or so ago and think that there is still plenty of upside. The Southern Cross are producing some very handy cashflows, they have $59m in the bank and a $13m odd shareholding in Bendigo.

Yes, they could have $59m in the bank but that money is not from revenue or profit, that money is from the issue of shares last year (They issued 99,000,000 @ 0.60 = $59m). So money in the bank for a mining company is nothing as none lend them money because they are too risky and they need to keep all that cash for operations.

WBII

 

[chicken]

Re: SBM - St. Barbara Mines

Yes, they could have $59m in the bank but that money is not from revenue or profit, that money is from the issue of shares last year (They issued 99,000,000 @ 0.60 = $59m). So money in the bank for a mining company is nothing as none lend them money because they are too risky and they need to keep all that cash for operations.

WBII

In fact their books show that SBM had...$79336000 in their bank and the BDG purchase was $17million...so yes they have NO debt and operating to a budget which seems to work..and looking in going forward from here their last years earning was only 1 cent per share but for the company is going from strength to strength as when the full Nickel results from the Sullivans is known we might see some real action taking place..the talk is that the Sullivans has a 18km strike length..read it its in their last report....

 

[noirua]

Re: SBM - St. Barbara Mines

In fact their books show that SBM had...$79336000 in their bank and the BDG purchase was $17million...so yes they have NO debt and operating to a budget which seems to work..and looking in going forward from here their last years earning was only 1 cent per share but for the company is going from strength to strength as when the full Nickel results from the Sullivans is known we might see some real action taking place..the talk is that the Sullivans has a 18km strike length..read it its in their last report....

Felix trade at 50.5 cents against a 12 month high of 74 cents. They may be a good buy at this price, if so, it may be best to remember that SBM is a speculative stock and therefore high risk.

 

[chicken]

Re: SBM - St. Barbara Mines

Felix trade at 50.5 cents against a 12 month high of 74 cents. They may be a good buy at this price, if so, it may be best to remember that SBM is a speculative stock and therefore high risk.

Mate do some research as you give no facts but just opinions..and I have no time for BS...this is a SBM thread if you wish tio post about other stocks do so on the appropriate board...all miners have risk..that is if you understand it....DO SOME RESEARCH first as so far you have not demonstrated that you know what its all about

 

[noirua]

Re: SBM - St. Barbara Mines

Mate do some research as you give no facts but just opinions..and I have no time for BS...this is a SBM thread if you wish tio post about other stocks do so on the appropriate board...all miners have risk..that is if you understand it....DO SOME RESEARCH first as so far you have not demonstrated that you know what its all about

Hi chicken, I have been following St Barbara (Endeavor Resources) since the late 1970's and infact have held stock as far back as that.
Your posts are difficult to follow due to brief comments followed by "..." and I fully understand this, if, you have difficulty with the English Language.
Many may understand my post, as you have been extremely bullish about SBM and no doubt will be able to explain the stocks fall from 74 cents to 50.5 cents. Good Luck.

 

[Dr Doom]

Re: SBM - St. Barbara Mines

Ay, 'tis the capper again captain

 

[porkpie324]

Re: SBM - St. Barbara Mines

Oh no seagoon not the dreaded 'capper'porky

 

[chicken]

Re: SBM - St. Barbara Mines

Oh no seagoon not the dreaded 'capper'porky

Mate, a stock stops sometimes..right...but what I can see is that a big buyer wants in.....I posted before that now nearly 80% of all shares are owned by 20 shareholders...now they spent Millions of $$ and you fellows sugest you know what you are doing...that is a laugh..and those 20 shareholders who spent millions you think they dont know...that is a laugh...they know what is going on more than any of us...small holders....JP Morgan are on the books as well...they know this will be good stock....otherwise they would not have bought...and when everything comes together which it slowly does...than liike ZFX or AGM or even SBM will say I told you so

 

[chicken]

Re: SBM - St. Barbara Mines

Hi chicken, I have been following St Barbara (Endeavor Resources) since the late 1970's and infact have held stock as far back as that.
Your posts are difficult to follow due to brief comments followed by "..." and I fully understand this, if, you have difficulty with the English Language.
Many may understand my post, as you have been extremely bullish about SBM and no doubt will be able to explain the stocks fall from 74 cents to 50.5 cents. Good Luck.

You should also know, that even its the same company but A LOT of CHANGES HAD OR HAVE TAKEN PLACE...HOLDING THE SHARES WITHOUT KNOWLEDGE is not a good idea....and the GOLD assets bought from swg...made SBM into what it is today...A PRODUCER....which is a lot more risk free than a non producer....not burning the $$$$...which a lot of the others do...the SP will recover soon you will see....why....check what Ed is up to.....that might tell you where we are at

 

[Warren Buffet II]

Re: SBM - St. Barbara Mines

JP Morgan are on the books as well...they know this will be good stock....otherwise they would not have bought...

Well Chicken, I think you missed the comment that JP Morgan is not a substantial holder anymore and they have reduced their holdings in the company (by the way, they made a loss doing that)

WBII

 

[noirua]

Re: SBM - St. Barbara Mines

You should also know, that even its the same company but A LOT of CHANGES HAD OR HAVE TAKEN PLACE...HOLDING THE SHARES WITHOUT KNOWLEDGE is not a good idea....and the GOLD assets bought from swg...made SBM into what it is today...A PRODUCER....which is a lot more risk free than a non producer....not burning the $$$$...which a lot of the others do...the SP will recover soon you will see....why....check what Ed is up to.....that might tell you where we are at

SBM were founded in 1969 and became a Gold Producer in 1973. They have certainly been a continuous PRODUCER since 1978, to this day. I think we all know where Mr Ed Eshuys is at, it's just a matter of shareholder confidence being built in Gwalia Deeps and a recent acquisition. When was it you said 1 million ounces would be produced?...?

 

[noirua]

Re: SBM - St. Barbara Mines

There is a very strong position on the SBM chart between 45 cents and 50 cents and it would indeed be a blow to see the shares fall below that. If SBM did, the next stop would be 35 cents and that would be a confidence issue for Mr Ed Eshuys.

The Gold price remains strong and only a sudden reversal is likely to cause SBM stock to seriously wobble. PERHAPS, watch and wait is the order of the day for those of us who wait for a significant profits lift in a couple of years time.

 

[Fab]

Re: SBM - St. Barbara Mines

Here is what appears to be very good news for SBM

Gwalia Development Approved

 

[Dr Doom]

Re: SBM - St. Barbara Mines

Yes, looks very good -

"The Board has approved the development and
mining of Gwalia Deeps. Current Probable
Reserves are 4.8 million tonnes at 9.1 grams per
tonne (g/t) for 1.4 million ounces with life of
mine cash costs of A$395 (US$305) per ounce.
The current Gwalia Deeps reserves will sustain
production for at least 8 years. Gold
production will be at the initial rate of 100,000
ounces per annum in 2008/09 building up to
200,000 ounces during 2009/10."

 

[noirua]

Re: SBM - St. Barbara Mines

Basic profit from Gwalia Deeps should be A$30,500,000 in 2008/9, rising to A$61,000,000 in 2009/10. Early indications of mine life is 8 years and possible roll out on upgrading the recovery status. Lock-in gold sale price set at A$700 per troy oz.

 

[Dr Doom]

Re: SBM - St. Barbara Mines

The ann was so good that the sp has lost 2c this morning????? Must have been expecting better????? Feels like an giant elastic band is being stretched behind SBM, if it takes off it should be spectacular.

 

[sam76]

Re: SBM - St. Barbara Mines

Pre‐production capital is estimated at A$110
(US$85) million for mine development, mine
infrastructure and the upgrade of the Gwalia
processing plant. Sources of funds for the
development includes cash reserves, cash flow
and additional financing to be finalized within
the next three months. The operation is
forecast to be cash flow positive in year
2009/10, the second year of production.

This is what the market is worried about...

Everyone gets concerned when Co's put their hand out for cash.

 

[mmmmining]

Re: SBM - St. Barbara Mines

This stock shows continuous weakness. I don't know where it is justifiable or not. I decide to take a position to generate some of my interest and betting on the uptrend of gold price.

Ironically, the price I paid is about the same price I sold about one year ago.

 

[noirua]

Re: SBM - St. Barbara Mines

57cents seems to be the bottom...that is if you want any size parcel...you might get 8 shares for 56.5 cents..but any price below 60cents is a good buy....I now hold 300k....for long term gain.....

- 20/12/06 - post 764


Errmmmmmmmm, no comment.........