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SBM - St Barbara Limited

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Re: SBM - St. Barbara Mines

MRC & Co said:
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.
Click to expand...
My entry was 20c, so all free carried now, but will be looking to top up when the price is right :D
 
Re: SBM - St. Barbara Mines

Uncle Festivus said:
My entry was 20c, so all free carried now, but will be looking to top up when the price is right :D
Click to expand...

Yes, but does it really make a difference between loosing capital or loosing profits? In the end, its all the same, just semantics.

I used to think the same, "ah well, my entry was a lot lower anyways" and a few times have ended up loosing my entire gains (though, I am not stating this one would go anywhere near 20c again), but you get my drift.
 
Re: SBM - St. Barbara Mines

MRC & Co said:
Yes, but does it really make a difference between loosing capital or loosing profits? .
Click to expand...

I guess it depends on objectives... it's also impossible to know, with any degree of accuracy, whether enacting a stop loss (while in profit) is going to cost more in the long run when it comes to capital gains tax. Personally, I think that the money made from selling and re-buying at lower levels usually will not cover any loss of the 50% CGT discount if you intend on eventually holding for >12 months.
 
Re: SBM - St. Barbara Mines

MRC & Co said:
Yes, but does it really make a difference between loosing capital or loosing profits? In the end, its all the same, just semantics.

I used to think the same, "ah well, my entry was a lot lower anyways" and a few times have ended up loosing my entire gains (though, I am not stating this one would go anywhere near 20c again), but you get my drift.
Click to expand...

Yep, don't get me wrong, I very nearly turfed the lot at 95, but I remember sitting there when it plumbed 38c in the big sell off last year and lamenting, but the fundamentals held up then, and I am hoping they will in the future a la OXR eg if their projects & projections are winners then we should see the sp in multiples of what it is today?

I have found that if your research is sound and you get a good entry point, holding is more profitable than trading, and less stress :D.
 
Re: SBM - St. Barbara Mines

The Ferret said:
I guess it depends on objectives... it's also impossible to know, with any degree of accuracy, whether enacting a stop loss (while in profit) is going to cost more in the long run when it comes to capital gains tax. Personally, I think that the money made from selling and re-buying at lower levels usually will not cover any loss of the 50% CGT discount if you intend on eventually holding for >12 months.
Click to expand...

Yes, CGT comes into effect, however perhaps you (Uncle in this case) were already holding the share for 12 months.....

Uncle, I agree, I like to hold also, but I find it more stress in this current environment! How low can we go.......hence why trading has become my prefered option. Volatility can kill though, whipsaws have become chainsaws so to speak!

Definately though, buying companies coming online in the next year or so can lead to HUGE gains if projections go to plan.

I have done the same with EQN and to date its by far my biggest single gain from one individual stock!
 
Re: SBM - St. Barbara Mines

tradingforwealth said:
Gold is at 990US per/oz atm.. hopefully it gets to 1000 by tomorrow and maybe we'll see SBM back up again.

:eek:
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Dont' worry too much about SBM. I have just pointed out to my Grandson that the price drop off of SBM and many other good stocks is due to a jittery market. In the bigger picture stocks like LGL, OXR, NCM etc., have dropped a bit but nothing compared to say financials such as Macquarie, $97 in June last year $46 today. NAB another notable. Gradually the market will pick up on the difference between the value of prescious metals and the growing non-value of the financials et al. and it will be emerging stocks like SBM that will rise exponentially upwards. Other problem is, if one steps aside there is a tendancy not to follow it so much so that when it goes we miss the rise.

If not tonight but I think very soon, not only will the gold price rise substantailly, but our emerging mid tier gold miners will be right up there too.
 
Re: SBM - St. Barbara Mines

I hope it hits 1000 by tomorrow. Many appear to think it will then blow-off top, however wasnt the same said about oil once it cracked 100?

Definately some HUGE potential gains off gold at the moment.

I have taken a big risk with it and placed 40% of my portfolio into gold equities and bullion. Thinking of rising that to above 50%.....of course with stops. Like the idea of inflation and a fed rate cut all within a week, better to get in before the news I think!
 
Re: SBM - St. Barbara Mines

MRC & Co said:
I hope it hits 1000 by tomorrow. Many appear to think it will then blow-off top, however wasnt the same said about oil once it cracked 100?

Definately some HUGE potential gains off gold at the moment.

I have taken a big risk with it and placed 40% of my portfolio into gold equities and bullion. Thinking of rising that to above 50%.....of course with stops. Like the idea of inflation and a fed rate cut all within a week, better to get in before the news I think!
Click to expand...

How much would you put on a racehorse if you were certain that it was going to win. The great thing about thorough research is that you know when it is winning, if it starts to break down you get off.

For the record I have 66% of my portofolio in bullion and gold stocks. Diversified in the sense that I have both gold and silver and currently 5 gold stocks. During office hours I can unload my bullion for cash in an hour, you know the answer with the equities.
 
Re: SBM - St. Barbara Mines

thanks for the advice explod.. I know this and and quietly confident but yeah I just don't like looking at my position statement atm when I could of made so much more if I had taken out and gotten back in but I guess there was no way I would know when to get out and when to get in and I was worried I would miss the train.

Any the moment I buy on mainly gut feeling and what I feel is a good price to get in and out.. but for this stock I decided to wait until after Sept quarter and then decide, providing they provide more information :banghead:

In the past, I have sold stock and then it rockets up or if I hold it goes down.. you get the picture.

And i have not been in a bearish market and do not know what to expect and how long it would last.

Anyway Gold is 994USp/oz
 
Re: SBM - St. Barbara Mines

explod said:
How much would you put on a racehorse if you were certain that it was going to win. The great thing about thorough research is that you know when it is winning, if it starts to break down you get off.

For the record I have 66% of my portofolio in bullion and gold stocks. Diversified in the sense that I have both gold and silver and currently 5 gold stocks. During office hours I can unload my bullion for cash in an hour, you know the answer with the equities.
Click to expand...

Yes, the racehorse example is one I used myself. Ha ha, great minds ;)

Looking at the POG tonight, I am pizzed I didnt buy more today. Though, its only the beginning of its run! Just let it break 1000 like oil did 100 and then see the results. So tomorrow I will load up again I think, probably more than 50% in gold.

I currently hold 3 gold equities. Though, looking to add SBM and possibly LGL. You in OGC explod? (I hold it, along with EQI and SGX). Looking FANTASTIC technically! With a strong gold result tonight (assuming S&P doesnt get hammered also), it will soar to the moon tomorrow! Did 5% today in a falling market. No better gold play at the moment for the short-term IMHO. See how we go. Which 5 are you in?
 
Re: SBM - St. Barbara Mines

Everyone seems to be in high hopes for today!

Any predictions for the short term? Hows the POG shaping? I should probably look on that thread

already up 6 cents
 
Re: SBM - St. Barbara Mines

Ashsaege said:
Everyone seems to be in high hopes for today!

Any predictions for the short term? Hows the POG shaping? I should probably look on that thread

already up 6 cents
Click to expand...

I think yesterdays dip was an aberration and that SP will now trade at/around support level that was "broken" yesterday... I believe it will settle around the 80-83c mark today but not higher until market depth balances out. Hope i'm wrong though....
 
Re: SBM - St. Barbara Mines

The price of gold is going great guns! SBM opened today in the green... but has fallen into the red with the rest of the market :banghead:
 
Re: SBM - St. Barbara Mines

The Ferret said:
I think yesterdays dip was an aberration and that SP will now trade at/around support level that was "broken" yesterday... I believe it will settle around the 80-83c mark today but not higher until market depth balances out. Hope i'm wrong though....
Click to expand...


There is a big seller been at it now for a week

Some major sharehlders, all in the 5% range could need capital for other worries are Merrill Lynch, Barclays and JP Morgan Chase. One who went out last year and had 5% was Credit Suisse (Europe).
 
Re: SBM - St. Barbara Mines

whats with all the 1224 parcel size transactions?? The trades that have executed today are littered with them....

Can anyone clarify or speculate??
 
Re: SBM - St. Barbara Mines

explod said:
Yep and as soon as they back off the price firms. A great buying opportunity below .80 Collected well at .79 last week so have enough
Click to expand...

Got some more today @ 78c. Another cap level @ 80c. Will we get the auction buying today to dip into the green?

Ferret, I think they are computer allocated lot's determined by how much the seller has to get rid of on the day, small lot's so as not to tank the share price?
 
Re: SBM - St. Barbara Mines

Hey sbm followers has anyone eles noticed the amount of 1000 unit trades going through all day??? is this a quiet accumulation?

Trade of SBM occuring on Tuesday, 25 Mar 2008

52 Week
Time Price Volume Value Condition
12:48:58 PM 0.755 2,000 1,510.00
12:46:26 PM 0.755 1,000 755.00
12:46:25 PM 0.755 1,000 755.00 XT
12:46:24 PM 0.750 1,000 750.00
12:46:23 PM 0.750 1,000 750.00
12:46:22 PM 0.750 1,000 750.00
12:46:21 PM 0.750 1,000 750.00
12:46:20 PM 0.750 1,000 750.00
12:46:19 PM 0.750 1,000 750.00
12:46:18 PM 0.750 1,000 750.00
12:46:17 PM 0.750 1,000 750.00
12:46:16 PM 0.750 1,000 750.00
12:46:15 PM 0.750 1,000 750.00
12:46:14 PM 0.750 1,000 750.00
12:46:13 PM 0.750 1,000 750.00
12:46:12 PM 0.750 1,000 750.00
12:46:12 PM 0.750 1,000 750.00
12:46:11 PM 0.750 1,000 750.00
12:46:10 PM 0.750 1,000 750.00
12:46:09 PM 0.750 1,000 750.00
 

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