SBM - St Barbara Limited

[josjes]

Re: SBM - St. Barbara Mines

Chicken.. yeah where is Chicken ... do your research as he is fond to say .. come back chicken make us rich...
sorry but I chickened out today, cash out at 83.5 c after picking it up at 70c last month now waiting for it to come back down to 66c ...

 

[noirua]

Re: SBM - St. Barbara Mines

SBM are certainly plugging away well and they have presentations at Leonora and Southern Cross mines.

Let's hope nothing goes wrong at Gwalia Deeps as they get down towards 2,000 metres depth.

 

[Uncle Festivus]

Re: SBM - St. Barbara Mines

Chicken.. yeah where is Chicken ... do your research as he is fond to say .. come back chicken make us rich...
sorry but I chickened out today, cash out at 83.5 c after picking it up at 70c last month now waiting for it to come back down to 66c ...

Ah, mystery solved then - did you cash out all 1.8 million?

Back to 88 today and gold up tonight - a bit to go yet maybe?

 

[eddyeagle]

Re: SBM - St. Barbara Mines

This thread has gone a little quiet... SBM hit a high today of 92.5 cents (it also hit this price on 15th Jan) before closing at 91 cents. I'd be interested to hear people's predictions from here. I hope it breaks through that resistance barrier and continues climbing towards $1.

 

[DionM]

Re: SBM - St. Barbara Mines

This thread has gone a little quiet... SBM hit a high today of 92.5 cents (it also hit this price on 15th Jan) before closing at 91 cents. I'd be interested to hear people's predictions from here. I hope it breaks through that resistance barrier and continues climbing towards $1.

This will be it's third attempt in recent history to break through a high ... I sold out on the way up to this peak - half expecting that it will retreat again (3rd wave).

 

[eddyeagle]

Re: SBM - St. Barbara Mines

Smashed through the resistance to hit a new high today of 95.5 cents! Game on! No announcements either...

 

[tradingforwealth]

Re: SBM - St. Barbara Mines

but there is an announcement coming very, very soon to report reserves update and maybe something more!

 

[noirua]

Re: SBM - St. Barbara Mines

North American Roadshow: http://www.asx.com.au/asxpdf/20080218/pdf/317h6nn4d6rd5f.pdf

Half Year Results: http://www.asx.com.au/asxpdf/20080218/pdf/317h86dp6x6585.pdf

 

[Uncle Festivus]

Re: SBM - St. Barbara Mines

We attach a Notice of Initial Substantial Holder received from Deans Knight Capital Management, based in Vancouver, Canada.

62m share or 6.2%

Another vote of confidence - some interest from the Canadians has to be a good thing .

 

[Uncle Festivus]

Re: SBM - St. Barbara Mines

I am running the ruler over possible takeover targets for an imminent consolidation in the Aus gold industry. This is due to the big majors struggling to replace reserves and the rising gold price. The thing with SBM is that I don't think it's future potential has been priced in at all, even at these levels.

What I think could be happening is that there are some keen eyes watching the developments going on with Gwalia about to come online. If it proves to be a winner not only will there be sp re rating but also a takeover option.

Now if SBM have a tilt at BDG as well, and BDG finally start digging the stuff out in forecast quantities then we could be looking at a million oz plus syndicate of very attractive gold companies.

All conjecture at this point of course .

 

[Uncle Festivus]

Re: SBM - St. Barbara Mines

Things are moving now.....funds to re weight their portfolios to include SBM for the XJO now.

Standard & Poor’s to Include St Barbara Ltd in the S&P/ASX 200

SYDNEY, Feb. 21, 2008—Standard & Poor’s Index Services Australia today announced that it will
remove Symbion Health Ltd (ASX: SYB) from the S&P/ASX indices, after Primary Health Care Ltd.
(ASX: PRY) acquired in excess of 70% of shareholder acceptances, and declared its offer
unconditional. Symbion Health Ltd will be removed from the S&P/ASX indices after the close of
business on Feb. 28, 2008.

Symbion Health Ltd. will be replaced by Bank of Queensland Ltd. (ASX: BOQ) in the S&P/ASX 100
and by St Barbara Ltd. (ASX: SBM) in the S&P/ASX 200. Felix Resources Ltd. (ASX: FLX) will
replace Symbion Health Ltd. in the S&P/ASX All Australian 200. These changes are scheduled to
become effective after the close of business on Feb. 28, 2008.

 

[56gsa]

Re: SBM - St. Barbara Mines

All still largely positive for SBM although profit ann on 19 feb wasn't what some had hoped - which may explain todays drop ? all the indices have turned down too - infact there's been divergence in RSI reaching lower tops for for each of the three peaks... with gold still holding i suspect the support at 82c may come into play - but if gold falls this looks to have some downside maybe in ST - good buying opp imo...

Brokers Keep The Faith In St Barbara
FN Arena News - February 19 2008

By Chris Shaw


Sometimes results just don't matter, as evidenced by a number of reactions in the market to the St Barbara Mines (SBM) profit result announced yesterday. While GSJB Were saw it as a weak result others chose to largely ignore the numbers to focus more on the company's longer-term upside.


The upside comes partly from the Gwalia Deeps project, which the company pointed out remains on track for first ore to be produced early in FY09. The second area of upside is exploration, with Citi noting the upcoming March quarterly production report should contain a reserve increase at Southern Cross and initial reserves at Tower Hill, which it sees as a promising project.


This upside is enough for the broker to retain its Buy rating, even though the loss for the half year was a little larger than it had anticipated. The broker does point out the bigger than expected loss was largely due to exploration expenses being capitalised versus expensed, which explains its lack of concern as to why the numbers fell short of its estimates.


It was a similar story at Deutsche Bank, the broker suggesting while the loss was greater than it had forecast it was due primarily to non-cash items such as higher deprecation and amortisation (D&A) charges.


With additional reserves expected to be announced in the March quarterly the broker expects the D&A rate to come down, while it remains attracted to the fact the company will be unhedged at a time when gold prices are strong and production will be increasing.


Macquarie also remains positive and has lifted its price target to $1.10 from $0.70 while noting the likelihood of exploration success is good given the company has allocated around $25 million for its exploration budget this year. It sees any reserve or resource upgrades in coming months as positive catalysts for the share price and like Deutsche the broker is attracted to the unhedged exposure to gold prices the stock offers.


GSJB Were preferred to focus on the fact cash flow may be something of a problem as on its numbers the company's cash flow for the year was not enough to cover the development costs at Marvel Loch, let alone at Gwalia Deeps.


But on Macquarie's numbers the company has the cash available to fund its developments so it doesn't see this as being a major issue, though it noted there is some risk if the Southern Cross project encounters any operating issues that slow down its development.


Overall the FNArena database shows the stock is rated as Buy three times and Hold once (GSJB Were) with an average price target of $1.04, up from $0.94 prior to the result thanks to Macquarie's increase in its target.


Shares in St Barbara today are slightly weaker and as at 11.05am were down 3.5c at $0.87, which compares with a range over the past 12 months of 37c-95.5c.

 

[shaunm]

Re: SBM - St. Barbara Mines

I was checking the mining conference presentation and there were two charts tha showed market cap for SBM against the big gold players.
Lihir Gold was the closest to the SBM level.
Could someone more knowledgable than myself give a quick comparison on these (LGL vs SBM)
The share price for LGL is at $4 compared to SBM's 84c. Does SBM have the potential to get anywhere near the LGL share price?

 

[agro]

Re: SBM - St. Barbara Mines

on bell was 83 but finished 91c

now there is volume of 14 million with the majority occurring post auction

would you consider this to be someone taking a substantial holding in the company?

 

[shaunm]

Re: SBM - St. Barbara Mines

So I guess we can expect an announcment tomorrow? A big purchase after close, does someone know something special or is it just an institutional placement?

 

[56gsa]

Re: SBM - St. Barbara Mines

So I guess we can expect an announcment tomorrow? A big purchase after close, does someone know something special or is it just an institutional placement?

yes - very strange 17.5 million after the bell at 9% premium to price at close... but then theres been strange substantial holding notices for last couple of months - barclays / merrill lynch buying big ? anyone make sense of this?

 

[MRC & Co]

Re: SBM - St. Barbara Mines

All aboard!!!!!!! If not, you got a few minutes to get on board still before the weekend!

Someone is LOADING up with this one again at close today!

Looks STRONG technically, good volume, nearly breaking out into the clear blue skies!

Fundamentally, gold is "as safe as houses" at the moment, in the perfect times of uncertainty and high inflation!

Just need the RBA to leave IR on hold or possibly slash them later this year, to see some interest rate parity take its toll on the AUD, and we could really see this one take off!!!

Good luck to all those in this thread!

 

[Uncle Festivus]

Re: SBM - St. Barbara Mines

Yes, perhaps a bit more interest than the average day trader going on here, at least someone with an agenda or order to fill? Maybe fundies filling up on their XJO qouta?

 

[Goldmann]

Re: SBM - St. Barbara Mines

I was checking the mining conference presentation and there were two charts tha showed market cap for SBM against the big gold players.
Lihir Gold was the closest to the SBM level.
Could someone more knowledgable than myself give a quick comparison on these (LGL vs SBM)
The share price for LGL is at $4 compared to SBM's 84c. Does SBM have the potential to get anywhere near the LGL share price?

Lihir up nearly 10% today... Gold starting to really hit its strides... I have been watching SBM and this thread with interest... Wish i got some around the mid Jan 70c mark... oh welll - well done to those who hold... clear skies ahead for aussie gold I hope!

 

[MRC & Co]

Re: SBM - St. Barbara Mines

Yes, perhaps a bit more interest than the average day trader going on here, at least someone with an agenda or order to fill? Maybe fundies filling up on their XJO qouta?

Yes, as you said earlier also, funds to re weight their portfolios to include SBM for the XJO now.

Could well be what is happening.

Though, the current gold price and the fundamentals that look to drive it are agenda in its own right.

However, a combination of both combined with the fact its about to breakout on strong volume, are all very very positive to me!

Im expecting this one to roll on now!