SBM - St Barbara Limited

[danc]

Re: SBM - St. Barbara Mines

Above the down trend line on the day and week, big buyer at .57 ,1.5m, gold at usd 692,is at possible this one is going to go at last.??

 

[OK2]

Re: SBM - St. Barbara Mines

SBM a big mover today!!! Have we seen the light?

 

[sam76]

Re: SBM - St. Barbara Mines

Apparently the Fat boys put a buy rating on it yesterday

 

[OK2]

Re: SBM - St. Barbara Mines

I sense a Chicken Dance is overdue! May also have something to do with Mr Ed's North America Roadshow Presentation.

 

[sam76]

Re: SBM - St. Barbara Mines

can YOU do the chicken dance?

 

[chicken]

Re: SBM - St. Barbara Mines

Took a while for the market to move...YANKS are buying....POG must be going for a spin...yep,I am happy to hold..I wonder what ED is up to...as this is the biggest rise we had for a while...the capper must have got his fill and with over 10million shares traded we may see more action here yet....

 

[Sean K]

Re: SBM - St. Barbara Mines

...YANKS are buying....POG must be going for a spin...yep,......I wonder what ED is up to......the capper must have got his fill ....

LOL. Great to see you back Chicken. Classic.

 

[hypnotic]

Re: SBM - St. Barbara Mines

Yeap SBM is definitely looking good.

Great buying depth for SBM, something seems to be up.

Chart wise looks positive, Kennas how far do you predict this to go from the charts?? Possibly break pass 65cents?

Hypnotic

 

[Sean K]

Re: SBM - St. Barbara Mines

Chart wise looks positive, Kennas how far do you predict this to go from the charts?? Possibly break pass 65cents?
Hypnotic

I can't do that from this set up. Need an EW expert, together with a Yogi and maybe a Mag/picker. It hasn't broken up yet though IMO. A similar break occurred earlier and it stopped at 65 cents past resistance which creates even more resistance. Could fault again. Much depending on POG. If it holds above 690 tonight and the $US looks even sicker, then it might break through.

 

[sam76]

Re: SBM - St. Barbara Mines

Does anyone subscribe to FP?

Could they post a summary of the recommendation on SBM?

muchos grasias!

 

[Sean K]

Re: SBM - St. Barbara Mines

Does anyone subscribe to FP?

Could they post a summary of the recommendation on SBM?

muchos grasias!

I do, but their site is designed so you can't copy and paste. They said 'an excellent addition to a diversified gold portfolio and recommend as a buy to all members around 57 cents'.

Needs to crack 65 for me to trust this as a true break from the sideways move as seen previous page. But who am I to say? :

 

[sam76]

Re: SBM - St. Barbara Mines

I do, but their site is designed so you can't copy and paste. They said 'an excellent addition to a diversified gold portfolio and recommend as a buy to all members around 57 cents'.

Needs to crack 65 for me to trust this as a true break from the sideways move as seen previous page. But who am I to say? :

Mate, you're a moderator. What you say goes!!


ps thanks for the update

 

[Sean K]

Re: SBM - St. Barbara Mines

Looks pretty positive to break 65 IMO, but anything could and will happen.

 

[Uncle Festivus]

Re: SBM - St. Barbara Mines

Yes, being a weekly gets rid of the noise & shows the better trend for the breakout, up another 2c this morning in the first hr on big volume too. Gaining good momentum here, hope the POG can keep up!

 

[Sean K]

Re: SBM - St. Barbara Mines

Gaining good momentum here, hope the POG can keep up!

Yep, I agree POG will have to keep on its up trend to support this, and the rest of course. I wonder what SBM have in store next? Target or prey in the gold sector shake up?

 

[chicken]

Re: SBM - St. Barbara Mines

Yep, I agree POG will have to keep on its up trend to support this, and the rest of course. I wonder what SBM have in store next? Target or prey in the gold sector shake up?

Now look where POG is heading....ready for its next run...volume speaks louder than words..and news should be not far away on the drilling in Kalgoorlie in the goldfields.....

 

[noirua]

Re: SBM - St. Barbara Mines

SBM seem to be under pressure from the issue of A$100 million, 5 year convertible notes at a high 8% interest rate and a further $50 million loan facility.
A block of shares, in a matched trade, went through early this morning for 7,712,723 shares at 53 cents per share.

 

[Sean K]

Re: SBM - St. Barbara Mines

Now look where POG is heading....ready for its next run...volume speaks louder than words..and news should be not far away on the drilling in Kalgoorlie in the goldfields.....

There's three projects around Kalgoorlie isn't there Chicken. Which one are you talking about? News must be even closer now.

Chart wise, it's hitting an upward trend line, but they're going to need a rocket to break through 65 cents.

 

[noirua]

Re: SBM - St. Barbara Mines

It will be interesting to see just how much of this $150 million being raised is needed for Gwalia Deeps and the 50 cent level looks a might critical as all this pans out. If the price fell back to 45 cents I would not be surprised.

 

[Sean K]

Re: SBM - St. Barbara Mines

It will be interesting to see just how much of this $150 million being raised is needed for Gwalia Deeps and the 50 cent level looks a might critical as all this pans out. If the price fell back to 45 cents I would not be surprised.

Recently broke what was an ascending triangle of sorts and you will not be surprised to see it hovering around support at 50, with 45 being a 'last stand' zone IMO. Really been ordinary for over a year now, like other gold stocks that went crazy in April 06. If POG fails around $650, then this might struggle to keep going sideways.

I've been trying to get my head around the Gwalia Deeps project and how a 2km decline to get to 3m oz au is worthwhile. At that depth wouldn't the gold actually be in the European continent?