SBM - St Barbara Limited

[Uncle Festivus]

Re: SBM - St. Barbara Mines

NOTICE OF INITIAL SUBSTANTIAL HOLDER​

AMP Limited discloses a substantial holding in St Barbara Limited - 5.27%

Also, a few others like Cogent also topping up.​

 

[MRC & Co]

Re: SBM - St. Barbara Mines

NOTICE OF INITIAL SUBSTANTIAL HOLDER​

AMP Limited discloses a substantial holding in St Barbara Limited - 5.27%

Also, a few others like Cogent also topping up.​

Yes, at close today will be interesting once more!

Could see some more large fingers dipping into the gold pot!

 

[traderboy]

Re: SBM - St. Barbara Mines

Some very "interesting" buy's in the pipeline this morning.

Very interesting............. Not sure how legitimate these are

 

[explod]

Re: SBM - St. Barbara Mines

Some very "interesting" buy's in the pipeline this morning.

Very interesting............. Not sure how legitimate these are

Would be pleased to have you explain "...interesting......."

SBM is one of mine so do watch it a bit and since mentioned above have been noticing buyers holding back for the pool to refill. It is starting to happen again around the .955 to .965 where we could expect another surge to the larger sell area of.97 Volume is down at this stage today although late last week 15 mill went in the last half hour one day. Who knows ?

 

[traderboy]

Re: SBM - St. Barbara Mines

Would be pleased to have you explain "...interesting......."

SBM is one of mine so do watch it a bit and since mentioned above have been noticing buyers holding back for the pool to refill. It is starting to happen again around the .955 to .965 where we could expect another surge to the larger sell area of.97 Volume is down at this stage today although late last week 15 mill went in the last half hour one day. Who knows ?

Lots of multiple buys of 2,444 shares are various prices, I lost count of them, but then they disapeared. Maybe somone just playing around, but not sure

 

[MRC & Co]

Re: SBM - St. Barbara Mines

Would be pleased to have you explain "...interesting......."

SBM is one of mine so do watch it a bit and since mentioned above have been noticing buyers holding back for the pool to refill. It is starting to happen again around the .955 to .965 where we could expect another surge to the larger sell area of.97 Volume is down at this stage today although late last week 15 mill went in the last half hour one day. Who knows ?

I dont think that has any impact whatsoever traderboy.

Explod, I dont beleive volume is low at this stage today (though I havent done a comparison of the same time previous days).

I have however, noted large buyers coming in towards close and expect the same today. Think volume will end up pretty similar to the last couple days and the stock will close slightly higher once more.

 

[MRC & Co]

Re: SBM - St. Barbara Mines

I dont think that has any impact whatsoever traderboy.

Explod, I dont beleive volume is low at this stage today (though I havent done a comparison of the same time previous days).

I have however, noted large buyers coming in towards close and expect the same today. Think volume will end up pretty similar to the last couple days and the stock will close slightly higher once more.

Turns out we didnt get much more movement, either volume or price at close, even though the market rallied into the close.

 

[explod]

Re: SBM - St. Barbara Mines

Turns out we didnt get much more movement, either volume or price at close, even though the market rallied into the close.

Yeh, caution required here, swing traders would be getting out on this and a red candle at the top with a tail up is one I take note of. Mid to long term holders no probs but I'm a squib. Gold price hike tonight could change my mind by tomorrow.

 

[MRC & Co]

Re: SBM - St. Barbara Mines

Yeh, caution required here, swing traders would be getting out on this and a red candle at the top with a tail up is one I take note of. Mid to long term holders no probs but I'm a squib. Gold price hike tonight could change my mind by tomorrow.

Gold price hike and I will definately stay in, it would really be testing the 1000 then.

As for individual candles, I used to try use them to predict trends, well moreso a changing trend, but cant say there were very effective in my time.

Hope Im wrong, but I will remain on this one at least for the short-term (assuming no major price turn) with these rising gold prices!

Thought this one was breaking out on high volume into the clear blue skies! Dont like the fact its having such trouble and will remain very cautious.

 

[56gsa]

Re: SBM - St. Barbara Mines

seems SBM not so confident about gold price maintaining its momentum... from an article in the age

Mysterious power at the heart of gold
James Kirby
March 9, 2008
Page 2 of 2

.....

Well, you say, those gold producers must know what they are doing - they're at the heart of it all actually digging the stuff out of the ground. Yes, it's true. It's also true these two big companies have had pitiful recent histories, with Newcrest enduring extended problems at its Telfer mine in WA and Lihir enduring all the limitations of a mine in PNG. But still you'd think they're all thinking the same way about the underlying price of gold. But as always with gold things are never quite what they seem. As investors digest the scale of the recent price rises very smart players in the market are not showing anything like the outward confidence suggested at Lihir and Newcrest.

At St Barbara Mines, perhaps the most highly rated listed gold miner outside the "big two", the big decisions are made by managing director Ed Eshuys. He's the nearest thing to Australia's Mr Gold. He was the geologist who led the team who developed Bronzewing, one of the biggest gold mines in Western Australia.

You'd think Eshuys would be holding back waiting for these $US1000-plus forecasts to come true but in fact he has been "re-hedging" at St Barbara - he's not saying the price can't go much higher, but actions speak louder than words - he's covering his bets at these levels with a new hedging program.

And what price is Mr Gold prepared to "lock in" his gold sales . - $US800 an ounce. That's what he told a conference in Florida last week.

 

[MRC & Co]

Re: SBM - St. Barbara Mines

Interesting. Though, I would like to hear his reasoning. As I said in the gold thread, where the hell are people going to put their money at the moment, OTHER than inflationary investments, precious metals being one of the best? Think about it. Commodity bubble or Commodity "bank"?

I actually got out of this one already. Wasnt confident, not to mention, would rather those closer to or actually producing currently, to take advantage of any short-term rise in the POG.

 

[Uncle Festivus]

Re: SBM - St. Barbara Mines

Not sure if the reporter got it right, maybe confused as 'Mr Gold' usually uses puts etc, so not sure if they are outright futures hedges as such?

 

[shaunm]

Re: SBM - St. Barbara Mines

A bit of a disappointing day for SBM. Would have thought today's bounce would have pushed the SP up? I think it actually went up momentarily but then was snuffed out.
Does anyone have any thoughts on this?

 

[explod]

Re: SBM - St. Barbara Mines

A bit of a disappointing day for SBM. Would have thought today's bounce would have pushed the SP up? I think it actually went up momentarily but then was snuffed out.
Does anyone have any thoughts on this?

Yep, patience my dear friend. Crazy times, most of the good gold stocks got the same. Wonderful company and will reward.

 

[tradingforwealth]

Re: SBM - St. Barbara Mines

I think we are in a bear market and volatility like this will happen..

Not that I like it but gold and oil should keep going up..

 

[The Ferret]

Re: SBM - St. Barbara Mines

Not sure if the reporter got it right, maybe confused as 'Mr Gold' usually uses puts etc, so not sure if they are outright futures hedges as such?

You are right. The reporter is wrong by suggesting they have "locked in" gold sales at 800usd oz. According to the most recent company presentation on SBM website they are put options. 1.5moz at cost of 11mAUD and they are seeking further put options at 800AUD per oz or higher, NOT 800usd as per story and being put options they are not "locked" into anything..

 

[shaunm]

Re: SBM - St. Barbara Mines

Hmmm, Quite a sell-down today so far today 3.3million shares and down 3 percent, maybe should buy some more??

 

[explod]

Re: SBM - St. Barbara Mines

Hmmm, Quite a sell-down today so far today 3.3million shares and down 3 percent, maybe should buy some more??

Took the words right out of my head , I just did 10 minutes ago. But sentiment may take them a bit lower yet.

I think when they turn they will never revisit this level again. But have been wrong before.

 

[Uncle Festivus]

Re: SBM - St. Barbara Mines

Hmmm, Quite a sell-down today so far today 3.3million shares and down 3 percent, maybe should buy some more??

As much as I would like to concur, as I hold a few of these, gold equities appear to caught up in the general bear market. It will drift until there is a clear new direction for gold, so just be patient as per explod; you never miss a bargain on the way down.

Although, being down 7% today, 20% from 98 at the top, hitting 75.5 we may get some new entries topping up today?

 

[MRC & Co]

Re: SBM - St. Barbara Mines

As much as I would like to concur, as I hold a few of these, gold equities appear to caught up in the general bear market. It will drift until there is a clear new direction for gold, so just be patient as per explod; you never miss a bargain on the way down.

Although, being down 7% today, 20% from 98 at the top, hitting 75.5 we may get some new entries topping up today?

Yeh, its becoming a very good price, but I wouldnt be topping up quiet yet, wait to see some change in the selling/buying pressure.

I just bought the real thing, balance it out against my equity plays.

Havent you guys who have been holding this one been stopped out yet? It broke through support today.