SBM - St Barbara Limited
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Re: SBM....St. Barbara Mines
Today reading the financial times well the headline said it Sons of Gwalia has more than a $1 billon in liabilities shareholders are certain to be wiped out..The 185 page report is written in careful accountancy prose but amounts to a damning condemnation of the way Sons of Gwalia was RUN FOR YEARS...with the biggest items being $196million on the Gold hedging book and $190 million in previously undisclosed speculative trading losses.....the writ is issued against the company founders.Peter and Chris Lalor, the former director,Eardley Ross-Adji,the chairman of the Audit committee,Thomas Lang, and the Auditors ,Ernst&Young.....St Barbara is in no way connected in any of their demise and I just thought to post this to show If SBM sticks to digging up gold and producing the goods we should do very niecly of realising the value out of the gold assets ST Barbara bought from Sons of Gwalia...chicken said:
Re: SBM....St. Barbara Mines
The 1.5 cents price drop was profit taking...I am holding as the next few months will show that the purchase from SWG was indeed on the low side I see Mr Wise one of the directors purchased quite a few shares and is featured as a large share holder....he knows its still extremly cheap and the upside of SBM is extremly good..as I mentioned before Ed Eshuys is a geologist with a very sound track record was right hand man to Mr F Gutnick of Melbourne and has shown to be a good judge in his field...My opinion is that as more good news comes out from SBM share price will appreciate further make your research www.stbarbara.com.au a lot more will be featured in the news as it comes to hand read what Ed Eshuys said about the Sullivan.....re nickel and copper deposits....SBM assets base is very large should they discover more gold watch this sp it will fly..one to keep your eye on.....I bought more as I trust Mr Wise who bought a lot of shares...after all he is their legal adviser and one of the directors,,,,make your research
The 1.5 cents price drop was profit taking...I am holding as the next few months will show that the purchase from SWG was indeed on the low side I see Mr Wise one of the directors purchased quite a few shares and is featured as a large share holder....he knows its still extremly cheap and the upside of SBM is extremly good..as I mentioned before Ed Eshuys is a geologist with a very sound track record was right hand man to Mr F Gutnick of Melbourne and has shown to be a good judge in his field...My opinion is that as more good news comes out from SBM share price will appreciate further make your research www.stbarbara.com.au a lot more will be featured in the news as it comes to hand read what Ed Eshuys said about the Sullivan.....re nickel and copper deposits....SBM assets base is very large should they discover more gold watch this sp it will fly..one to keep your eye on.....I bought more as I trust Mr Wise who bought a lot of shares...after all he is their legal adviser and one of the directors,,,,make your research
Porper
Ralph Nelson Elliott
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Re: SBM....St. Barbara Mines
Looks interesting Chicken, next 2 or 3 days will give a big clue as to where the price is going.The retrace was on diminishing volume so look out for a strong move north in a few days.It could always turn into a downtrend of course.I have no idea, everything I scan for and trade at the moment is bought at the very top of the cycle, either very unlucky at the moment or my beginners look is wearing thin.
The chart looks pretty good though.
chicken said:
Looks interesting Chicken, next 2 or 3 days will give a big clue as to where the price is going.The retrace was on diminishing volume so look out for a strong move north in a few days.It could always turn into a downtrend of course.I have no idea, everything I scan for and trade at the moment is bought at the very top of the cycle
, either very unlucky at the moment or my beginners look is wearing thin.The chart looks pretty good though.
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Re: SBM....St. Barbara Mines
If you look at the shart...there has been lots of buying since the 10th March...this is when the company bought SWG assets,,,accumulation by big buyers....I am confident ST BARBARA Share price will go higher....due to the underlying fundamentals...the assets are a lot higher than the shareprice indicates plus they are producing not just exploring...not burning up cash...but making money ....make your research...I bought more at 16 centsPorper said:Looks interesting Chicken, next 2 or 3 days will give a big clue as to where the price is going.The retrace was on diminishing volume so look out for a strong move north in a few days.It could always turn into a downtrend of course.I have no idea, everything I scan for and trade at the moment is bought at the very top of the cycle
The chart looks pretty good though.
Re: SBM....St. Barbara Mines
Also I noticed Ed Eshuys owns quite a number of shares...but Mr Wise his Consulting company is quoted in the top 10 shareholders..so I draw my own conclusion from that...if the directors are buying I am buying.....as they know its going to fire..it will be turbo charged when more public anouncement come out...I think they are keeping a low profile at present just my observation...and what was said at the Diggers & Dealers confrence the Sullivan deposit has the same geologycal fingerprint as Jubilees Cosmos Nickel mine..so we could be in for a very intresting few months...and their exploration budget will be for $10million this financial year....looks very promissing.......thats what was said by the CEO Ed Eshuyschicken said:
Re: SBM....St. Barbara Mines
Looks as if it will go higher........Porper said:Looks interesting Chicken, next 2 or 3 days will give a big clue as to where the price is going.The retrace was on diminishing volume so look out for a strong move north in a few days.It could always turn into a downtrend of course.I have no idea, everything I scan for and trade at the moment is bought at the very top of the cycle
The chart looks pretty good though.
Porper
Ralph Nelson Elliott
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Re: SBM....St. Barbara Mines
It is on my watchlist Chicken, but the volume is pitiful today, need more before I would even consider it. :sleeping:
chicken said:
It is on my watchlist Chicken, but the volume is pitiful today, need more before I would even consider it. :sleeping:
Re: SBM....St. Barbara Mines
At least its up not down not many willing to sell at lower prices...why, make your research....as I see it more buyers than sellers..which in itself is a good sign.....as GOLD will rise so will the price of this stock....everyone is watching....Porper said:
Re: SBM....St. Barbara Mines
As soon as we get the indication from SBM re the drilling at the Sullivan...as they are researching the Nickel dicovery..and as Ed Eshuys said it had the same geological fingerprint as Cosmos mines that is Jubilees mines and look how there share price behaved....so the upside will be a lot higher than the present SP....make your research...I am in for the ride north......Also I was reading today re the Gold price and they are going all long....next stop $483 US......chicken said:
Re: SBM....St. Barbara Mines
Have a look the latest news of their Gold intersection at Gwalia, Marfel Loch, Tremoola....check it out at www.stbarbara.com.au, it makes interesting reading...and shows the value they will extract from their purchase....marvelous.chicken said:
Caliente
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Re: SBM....St. Barbara Mines
Hey chicken, how do you interpret the latest amendment of drilling results?
Marvel Loch;
6m @ 85.1g/t gold, is now amended to 20m @ 11.0g/t gold
Its obvious that the grade is lower, and the width is larger, but how do we interpret that this is in net a good or bad thing?
- My question may be answered simply by observing the share price this morning, seems to be moving at a rate of knots!
Hey chicken, how do you interpret the latest amendment of drilling results?
Marvel Loch;
6m @ 85.1g/t gold, is now amended to 20m @ 11.0g/t gold
Its obvious that the grade is lower, and the width is larger, but how do we interpret that this is in net a good or bad thing?
- My question may be answered simply by observing the share price this morning, seems to be moving at a rate of knots!
Re: SBM....St. Barbara Mines
When you read the report of Marvel LOCH....there is indeed a lot of GOLD in that mine..see what the company posted and you find they stated that all the rest of the report is 100% correct..share price was as high as 20 cents over 6 million shares traded..I am not selling at this low price.....As I said as soon as we have confirmation re the Nickel deposit at Sullivans you will see where we go then. I am sitting tight with my 500k shares... more buyers than sellers....price is going UP.....I bought as low as 11.5c....16.5 cents....and I told everyone this one has the potential after I read the report by Tim Treadgold....at sharemagazine....he is a geologist he knows Western Australia well......Caliente said:
Caliente
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Re: SBM....St. Barbara Mines
Well Chicken I've sold out at 0.195 today as it reached my profit target, albeit A LOT EARLIER than I'd expected. My initial purchase was at 0.13, so it was a straight 50% and I'm extremely happy!
If SBM tracks back I'm more than keen to pick it up again. It looks very solid, but I have to lock in the profit for now. Nothing like seeing something as beautiful as this slip through your fingers
Well Chicken I've sold out at 0.195 today as it reached my profit target, albeit A LOT EARLIER than I'd expected. My initial purchase was at 0.13, so it was a straight 50% and I'm extremely happy!
If SBM tracks back I'm more than keen to pick it up again. It looks very solid, but I have to lock in the profit for now. Nothing like seeing something as beautiful as this slip through your fingers
Re: SBM....St. Barbara Mines
There are still not many sellers more buyers and I feel there is a lot more upside than downside......I can wait...but each to their own good luckCaliente said:Well Chicken I've sold out at 0.195 today as it reached my profit target, albeit A LOT EARLIER than I'd expected. My initial purchase was at 0.13, so it was a straight 50% and I'm extremely happy!
If SBM tracks back I'm more than keen to pick it up again. It looks very solid, but I have to lock in the profit for now. Nothing like seeing something as beautiful as this slip through your fingers
Re: SBM....St. Barbara Mines
Looks like the market finally is waking up to the fact that the 3 drilling results are astounding even if after looking at results that its 11 gms/p.tone Gold..but notice, we have in some section 45gms/p tone...people who bought must have read the report and there is indeed a lot of Gold at Marvel Loch...Its all around the Kalgoorlie Goldfields...and the indication are that we get a lot more data from them and they are NOT hedging at present just producing Gold....also when you read what was said at Diggers&Dealers...especially the Nickel ,which Ed Eshuys said may be present in the Sullivans...thinking it may be a large deposit..refering to Jubilees Cosmos...now should that transpire than all I can say fantastic...here is hoping....I have posted re Sullivans and also posted what Ed Eshuys said so if you are intrested in this stock as I am ,read what Ed Eshuys said at Diggers&Dealers.....and go to www.stbarbara.com.au its all there for everyone to read......
Looks like the market finally is waking up to the fact that the 3 drilling results are astounding even if after looking at results that its 11 gms/p.tone Gold..but notice, we have in some section 45gms/p tone...people who bought must have read the report and there is indeed a lot of Gold at Marvel Loch...Its all around the Kalgoorlie Goldfields...and the indication are that we get a lot more data from them and they are NOT hedging at present just producing Gold....also when you read what was said at Diggers&Dealers...especially the Nickel ,which Ed Eshuys said may be present in the Sullivans...thinking it may be a large deposit..refering to Jubilees Cosmos...now should that transpire than all I can say fantastic...here is hoping....I have posted re Sullivans and also posted what Ed Eshuys said so if you are intrested in this stock as I am ,read what Ed Eshuys said at Diggers&Dealers.....and go to www.stbarbara.com.au its all there for everyone to read......
Re: SBM....St. Barbara Mines
Well, it looks as if Sbm has indeed turned the corner...in their repot for 2004/2005...they said their revenue is up by 102% to $67million $$$ their Goldsales were 83646 ozs for the year.... and their profit was $0.6 millon compared with last years loss of $24 million next year with their forecasts of at least 150000 ozs of Gold things are happening here...Yes the company has made a u turn and is back to recovery.....NOT BURNING CASH...and working to recreate which was nearly lost the assets required from SWG will make StBarbara Mines back to health....Tim Treadgold said ,if this would happen the company is a sleeper waiting for a wake up call....we have production and no longer losing money....and production this year will confirm that indeed the company secured a future for shareholders....better things to come....read the reportchicken said:
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Re: SBM....St. Barbara Mines
Looks like they are starting some nickel exploration as well. And the gold price has just started its seasonal run
Looks like they are starting some nickel exploration as well. And the gold price has just started its seasonal run
