SBM - St Barbara Limited

[BlingBling]

Re: SBM - St. Barbara Mines

Fat profits have put a buy on this 3 times and each time it really didn't do much at all. Last night was a buy @ .59.
Hopefully it can push through that .65 barrier.

 

[56gsa]

Re: SBM - St. Barbara Mines

Failed again spectacularly at 60... what is it with this stock? Someone put through 105m @ 51cents ??? what the .. is that?

 

[Sean K]

Re: SBM - St. Barbara Mines

Someone has managed to dump their stock here. Huge X trades...

Traded 110m so far..

Any guesses?

 

[56gsa]

Re: SBM - St. Barbara Mines

heres the answer....

A broad range of Australian and international institutions
comprising existing and new shareholders have acquired an
aggregate 12.6% interest in the Company overnight.
The shares were sold by the Resource Capital Funds. One of the
Funds remains as the Company’s largest shareholder with a
9.3% interest, which it has undertaken to place in escrow for six
months.
The transaction was priced at 51c per share which represents a
small discount of 3.4% to the volume weighted average price for
the last thirty days.
Resource Capital Funds are amongst a number of long standing
shareholders that have supported the Company in its
rejuvenation and growth.
The Company welcomes the new shareholders onto its share
register as it continues to expand and develop long term
Australian gold operations.

 

[Sean K]

Re: SBM - St. Barbara Mines

heres the answer....

A broad range of Australian and international institutions
comprising existing and new shareholders have acquired an
aggregate 12.6% interest in the Company overnight..

Yes, I take back my dump the stock comment. Is this good or bad that a fund has sold their stake?

 

[noirua]

Re: SBM - St. Barbara Mines

heres the answer....

A broad range of Australian and international institutions
comprising existing and new shareholders have acquired an
aggregate 12.6% interest in the Company overnight.
The shares were sold by the Resource Capital Funds. One of the
Funds remains as the Company’s largest shareholder with a
9.3% interest, which it has undertaken to place in escrow for six
months.
The transaction was priced at 51c per share which represents a
small discount of 3.4% to the volume weighted average price for
the last thirty days.
Resource Capital Funds are amongst a number of long standing
shareholders that have supported the Company in its
rejuvenation and growth.
The Company welcomes the new shareholders onto its share
register as it continues to expand and develop long term
Australian gold operations.

It's not surprising that Resource Capital Funds have sold part of their holding. Their main aim is to lend money to resource companies in trouble for exchange of shares and options. SBM are no longer a high risk capital venture and there may be better rewards elsewhere.

 

[Uncle Festivus]

Re: SBM - St. Barbara Mines

It's not surprising that Resource Capital Funds have sold part of their holding. Their main aim is to lend money to resource companies in trouble for exchange of shares and options. SBM are no longer a high risk capital venture and there may be better rewards elsewhere.

Yes, not likely to be a problem, they just picked the wrong day to make the announcement I think eg gold down $10 and market tanking. RCF have made a mint out of SBM, through the 'bad' times, so taking some profits of the table I assume.

 

[Flying Fish]

Re: SBM - St. Barbara Mines

Does the increase in australian dollar affect this one? I an sure it does, no one has bargained for an aussie dollar equaling or bettering the US buck good luck people.

 

[noirua]

Re: SBM - St. Barbara Mines

Does the increase in australian dollar affect this one? I an sure it does, no one has bargained for an aussie dollar equaling or bettering the US buck good luck people.

About 4 years ago the Aussie Dollar was mentioned as a basket case as it headed for A$2 to the US$.
Now it's the US$ that is the basket case as it heads for US$1 to the A$.

Sometime, who knows when, the Aussie Dollar will reverse as the Greenback recovers.

Meanwhile SBM are interesting at 53 cents.

 

[Ken]

Re: SBM - St. Barbara Mines

I can confirm that CBUS super fund picked up 80,000 shares at 57 cents.

They have a good track record and they rarely buy speculative stocks.

Last speculative stock they bought was MAE are 70 cents.

I dont hold.

 

[Ken]

Re: SBM - St. Barbara Mines

CBUS picked up another 300,00 shares at 51 cents.

I now hold, in at 49.5 cents today.

Hopefully buying somewhere near bottom.

The director also picked up 400k worth of stock.

Any thoughts on prospects?

This is my only producing gold stock.

 

[chicken]

Re: SBM - St. Barbara Mines

Check diggers and dealers presentation...one with great upside potential...also check what is said about their Ni drilling....if everyone goes and falls into place we will see a rerating of SBM....

 

[The Barbarian Investor]

Re: SBM - St. Barbara Mines

Aren't they also gearing up for big things at Leonora (though I thought that was happening Feb 07)

 

[chicken]

Re: SBM - St. Barbara Mines

Aren't they also gearing up for big things at Leonora (though I thought that was happening Feb 07)

Read what was said..re your statement....2/3 of the tenament is virgin ground and Ed said drilling will start in places at Leonara....and more gold could be found....see Diggers and dealers report....

 

[noirua]

Re: SBM - St. Barbara Mines

SBM have finished all their fund raising well before this credit crunch period arrived. Whether it is gold or any other commodity, there are problems if development has to be put on hold due to lack of cash. SBM should be advantaged by this storm and may give an opportunity to get in at a low price, as all stocks may be hit today.

 

[Ken]

Re: SBM - St. Barbara Mines

If we look at SBM over the last 12 months, it has basically been traded in a range of 48 cents to 60 cents for the majority.

What we take from this?

Well I think its fair to say SBM are the real deal.

The stock is obviously held by a number of institutions which has been well documented.

I think this is a good a junior gold miner there is on the market.

There is a plan in place, and if objectives are achieved shareholder's will be returned.

Is now the right time to be buying?? I'd say it depends on your tolerance for risk.

Will SBM be 50 cents in 3 month time? You'd think so.

There is only so long a stock can trade in a certain range before it breaks out one way or the other.

I think a lot of the big losses we are seeing on the market are from forced selling, and a lot of investors are now sitting on the side lines waiting for the volatility to stop.

As a long term investor SBM looks a good opportunity.

 

[chicken]

Re: SBM - St. Barbara Mines

If we look at SBM over the last 12 months, it has basically been traded in a range of 48 cents to 60 cents for the majority.

What we take from this?

Well I think its fair to say SBM are the real deal.

The stock is obviously held by a number of institutions which has been well documented.

I think this is a good a junior gold miner there is on the market.

There is a plan in place, and if objectives are achieved shareholder's will be returned.

Is now the right time to be buying?? I'd say it depends on your tolerance for risk.

Will SBM be 50 cents in 3 month time? You'd think so.

There is only so long a stock can trade in a certain range before it breaks out one way or the other.

I think a lot of the big losses we are seeing on the market are from forced selling, and a lot of investors are now sitting on the side lines waiting for the volatility to stop.

As a long term investor SBM looks a good opportunity.

Notice...very little downside....just 2 cents in this correction..or whatever you call it...and looks more of an upside here...more institution now broad overseas exposure...see what was said at diggers and dealers...I still hold and SBM shareholding in BDG might also come into fruition...ED and other directors bought more shares and with Gold on the upside...we may see a rerating of this company....after all what did Mr...or DR.DOOM say Gold $1000+........I still like SBM as they are producers and ramping their gold production up...and they are also talking about Ni in their presentation...DYOR

 

[noirua]

Re: SBM - St. Barbara Mines

The price of St Barbara tanked to 40 cents and this appears a very low price with the increase in the gold price in Aussie Dollar terms. Still have to get Gwalia Deeps up and running though. Time to be brave, imho, and look more closely at the prospects here.

 

[noirua]

Re: SBM - St. Barbara Mines

Despite wobbly markets, SBM look to be set fair for the future with its Australian Mines. The Aussie Dollar, IMHO, is set to move back towards $1.35 to the Greenback and Gold is set also, IMHO, to continue its sideways trend.

Not expecting great things from SBM in the short term as Gwalia Deeps is not yet developed and it is quite a big hurdle to overcome.

 

[sam76]

Re: SBM - St. Barbara Mines

Despite wobbly markets, SBM look to be set fair for the future with its Australian Mines. The Aussie Dollar, IMHO, is set to move back towards $1.35 to the Greenback and Gold is set also, IMHO, to continue its sideways trend.

Not expecting great things from SBM in the short term as Gwalia Deeps is not yet developed and it is quite a big hurdle to overcome.

Noirua, Are you concerned that SBM are still $50,000,000 short?

Also, do you know if they are still buying back their own shares?

There are too many unanswered questions surrounding SBM at the moment, but I agree the future looks bright.