SBM - St Barbara Limited

[Uncle Festivus]

Re: SBM - St. Barbara Mines

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?

Kennas,
That's a bit silly isn't it: as we all know, this would come out somewhere in China. You know, trees being sucked into the ground and all.

 

[Sean K]

Re: SBM - St. Barbara Mines

Kennas,
That's a bit silly isn't it: as we all know, this would come out somewhere in China. You know, trees being sucked into the ground and all.

Yes, a bit silly due to a lack of research. I've just checked the globe, and it would actually be somewhere in Brazil!

Their strategic stake in BDG is still a mystery. Perhaps they're waiting for further exploration results before putting a complete bid in. ??

 

[Uncle Festivus]

Re: SBM - St. Barbara Mines

Kennas,
I don't think Ed & the gang do anything without a very good reason, & I think BDG has been under-rated since the debacle. I'm counting on a few good ann's indicating a return to more robust gold estimates eg back into the mega ounce area. SBM appear to have very close relationship with JP Morgan too, so finance shouldn't be problem. It also fits in with their statements to pursue acquisitions.

 

[noirua]

Re: SBM - St. Barbara Mines

I notice that "International Royalties Corporation" show that 1.5% NS Royalties are due on Gwalia Deeps and Southern Cross.

I'm sure SBM Directors are well aware of all the cost factors in developing Gwalia Deeps and the great depth has been well known right back to the announcement of a 5.4 million tonne inferred resource at 6.9g/t gold during the S.O.G. days in 2,000.

The risk factors in developing Gwalia Deep are high and appears to be the main reason for the shares shadowing the 50 cent level.

 

[geminidreams]

Re: SBM - St. Barbara Mines

The billion in scrip (including convertible notes), with more potential raising on the way would be a bit of an anchor on the price.

 

[Deadcat]

Re: SBM - St. Barbara Mines

Have been keeping an eye on this stock but have been out for a while. Went to Kalgoorlie to see the superpit the other week and took a drive out to Gwalia. Very eerie ghost town of a place. Was hoping SBM would make it apparent their intentions for BDG. Will sit on sidelines and see what happens.

 

[BlingBling]

Re: SBM - St. Barbara Mines

Bit of activity on this one yesterday. up 3.5c to .535c.
at .545c as we speak. Might we be expecting some info soon on this?

 

[sam76]

Re: SBM - St. Barbara Mines

Resource upgrade is due before the end of this month. Hopefully that has something to do with it.

SBM has been fairly boring over the last 6 months.

 

[BlingBling]

Re: SBM - St. Barbara Mines

Resource upgrade is due before the end of this month. Hopefully that has something to do with it.

SBM has been fairly boring over the last 6 months.

Good & Yep bloody boring! Time for some upward motion!
Hopefully we get some good news with the upgrade.

 

[chicken]

Re: SBM - St. Barbara Mines

Resource upgrade is due before the end of this month. Hopefully that has something to do with it.

SBM has been fairly boring over the last 6 months.

Check out yesterdays and todays announcements....annyone who wishes to invest money should study what was said...read the Ni news in the Sullivans...their doubling of Gold reserves and I still hold as the bigger picture is starting to take place...looks as if Ed realised their base metals..NI,CU,ZN will play a bigger picture in the future...and their Sullivan has a big potential which is realised by the company now....check it out as SBM are now the 3rd largest gold producer in Australia....I still hold as I am still convinced that SBM is great value.....and where will SBM share price go to when Gold starts moving up as hinted by advisers...

 

[56gsa]

Re: SBM - St. Barbara Mines

chicken - have certainly admired your persistence on this over the years - and weekly chart looks like its going to be resolved within 4-6 weeks... things are coming to a point- i love the bottom support that goes 2 years back...

which way is it going to go? a drop into the mid 40s could be a problem - but a breakout above 60 would look very positive... if you think this is heading upwards (and gold is tonight) then could be the last time you'll get this in the low 50s for a while?

any other chart readings?

 

[chicken]

Re: SBM - St. Barbara Mines

Great chart....train at the station...picking up steam...just about ready to roll...Gold up what more can I say.....

 

[Uncle Festivus]

Re: SBM - St. Barbara Mines

Director buying up big! Something about to happen? Hitting 55c today

Mr Wise has a beneficial interest in the purchaser of the shares, Colin Wise
Consulting Pty Ltd Superannuation Fund

Date of change 18 July 2007
No. of securities held prior to change 3,799,403
Class Fully paid ordinary shares
Number acquired 400,000
Number disposed Nil
Value/Consideration $211,840.00
No. of securities held after change 4,199,403
Nature of change On-market trade.

 

[chicken]

Re: SBM - St. Barbara Mines

All I can say KEEP AN EYE ON THIS STOCK....BDG is being accumulated big time and SBM has a lot of good irons in the fire....I still hold 200k shares and just feel with GOLD going up SBMs Share price could go for a nice run....see all their latest announcements and when directors are buying..which they did it pays to keep it on the radar screen...

 

[BlingBling]

Re: SBM - St. Barbara Mines

Chicken, I'm got in at a nice discount to .50 around 6-8 weeks ago. Looking forward to some upward movement. Hopefully St Barbara will be able to push through .65 and run from there.

 

[Miner]

Re: SBM - St. Barbara Mines

Just randomly tonight the St Barbara stories in this column got my eyes.
I noticed Chicken boosted that he or she will come back (wrote in 2005?) when St Barbara Mines shares will come back to $1.50. I could see same Chicken is still bullish about St Barbara. Good perseverence. It does pay. Ironically excepting the administrator and some regulars probably do not look back the historical statements and who said what.
So Chicken what you did when the desired price of SBM did not reach on your target ?

Ironically I have worked in SGW (Sons of Gwalia) Leonora Mines in until 94 when it was running about $25. That is a past. The ore body was depleting and they went underground. The down fall started from there.
Some fundamentals need to be attached with all technicals. Because technicals are great but they are only predictive devices (i am ready to get thongs thrown at me by techies) but it failed to predict 87 crash. If twenty years is a good time to be repeated I am sure some techies will tell us about that. THe prediction about SBM probably need to be taken with more research and geological data alongwith charting.

Good luck for investing and sorry as I did not give much information this time excepting making some observations.

Regards

Miner

 

[ta2693]

Re: SBM - St. Barbara Mines

The director purchased it through Consulting Pty Ltd Superannuation Fund.
it is considered to be longterm investment. Can not use as a reason to expect short term breakout or good news approaching.

According to the presentation made on 18/07, the expected production is 60,000oz at the production cost around $600/oz. it is not really exciting.

 

[Sean K]

Re: SBM - St. Barbara Mines

All I can say KEEP AN EYE ON THIS STOCK....BDG is being accumulated big time ..

Chicken, can you please expand on this little gem for us please? Being accumulated by who and when and what the? Cheers, K

 

[56gsa]

Re: SBM - St. Barbara Mines

Continues to rise... looks to be heading towards the 63-64 resistance... good depth on buy side and all indicators heading in the right directions.

 

[Sean K]

Re: SBM - St. Barbara Mines

Fat Profits put a buy on it last night at around 58 I think. Usually when they put a buy on something it goes ok the next day. Wall of fire to get through at 65, and if it does, I'll be there to pounce. If POG breaks 690 solidly, that might be the trigger.