Australian (ASX) Stock Market Forum

SBM - St Barbara Limited

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Re: SBM....St. Barbara Mines

spacerooster said:
Looks like they are starting some nickel exploration as well. And the gold price has just started its seasonal run :)
Click to expand...
Spacerooster yes you are right....their Nickel exploration should start very soon....I have posted that SWG done some research in the Sullivan, found Nickel...but lightly drilled...the CEO Ed Eshuys said the Sullivans has the same geological fingerprint as the Jubillees Cosmos mine....so another word it supposed to be hugh...all SBM shareholders are hopping that what was said will come to flourishen.... also you find information on webside www.stbarbara.com.au
 
Re: SBM....St. Barbara Mines

its a pretty picture right now chicken!

I think I'll come in again on the next pullback although my hindsight tells me I should have come back the day after I sold them when they hit 0.18 again, arrgh (damn you hindsight!)
 
Re: SBM....St. Barbara Mines

chicken said:
go to...www.stbarbara.com.au their own website
Click to expand...
TINAUNDERTHEBRIDGE Hope you found the information you are looking for....decided to buy more today...see director buying......put in for 20.5 cents...had them in for 20cents but I dont think there are any chances at that price.......looks too strong this morning.......
 
Re: SBM....St. Barbara Mines

Hi Chicken,

Looks like you are having a great run with SBM. I put it on my watch list last week when it was 0.175 :swear:

I might buy on weakness tomorrow, if there is any profit taking after today's run up.

Do you have a short term view on the SP, say 3 months and 6 months ?
 
Re: SBM....St. Barbara Mines

Yippyio said:
Hi Chicken,

Looks like you are having a great run with SBM. I put it on my watch list last week when it was 0.175 :swear:

I might buy on weakness tomorrow, if there is any profit taking after today's run up.

Do you have a short term view on the SP, say 3 months and 6 months ?
Click to expand...
I have, but looks like I got to keep this to myself..... GOLD is going up so most producing mines follow this trend, check Newcrest or others but all I can say we are going in the right direction....check www.stbarbara.com.au and make your research
 
Re: SBM....St. Barbara Mines

Thanks, I noticed that Mr Wise (SBM director) topped up his shareholdings by 300 000 shares last Thursday and he did on market.
 
Re: SBM....St. Barbara Mines

Yippyio said:
Thanks, I noticed that Mr Wise (SBM director) topped up his shareholdings by 300 000 shares last Thursday and he did on market.
Click to expand...
What more can I say....as soon as I hear anything will post....went up 3c today or $15k for me....for the day
 
Re: SBM....St. Barbara Mines

chicken said:
What more can I say....as soon as I hear anything will post....went up 3c today or $15k for me....for the day
Click to expand...


Certainly was a good pick Chicken, I did buy last week once volume increased, so I am pretty happy.It certainly could retrace a little before the next push though, maybe signs of overheating a bit, but we will see.If Gold rises as predicted maybe a lot more to come.Director buying was a big plus for me as well, never a bad thing unless they really have no idea.:freak3:

Nice to be on to a winner after all my duds recently:xyxthumbs
 

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Re: SBM....St. Barbara Mines

chicken said:
TINAUNDERTHEBRIDGE Hope you found the information you are looking for....decided to buy more today...see director buying......put in for 20.5 cents...had them in for 20cents but I dont think there are any chances at that price.......looks too strong this morning.......
Click to expand...

Hi Chicken,

You are rolling in the cash.

It's interesting to watch this parabolic curve trend. When will it end in a drop with a more stable trend? I am not negative on it, but, it could be like a plane flying straight up into the air only to see it fall back to the ground on itself. A slower trend would have me in regardless of the price. :)
 
Re: SBM....St. Barbara Mines

At 0.24 SBM has a market cap of 133 000 000, must be approaching full value
 
Re: SBM....St. Barbara Mines

chicken said:
Raider,check www.stbarbara.com.au we know what they are sitting on we also know they are sitting on a Nickel prospect maybe as large as Cosmos...yes it is hard to value a mine company...but SBM is still the cheapest stock for a proven GOLD producer...on the ASX ,show me one cheaper with as much prospects.....
Click to expand...

I have had a very detailed look at them but still very hard to tell, impossible
to know how much gold they are really going to produce in future years or was
last quarter especially good ( maybe if you were a geologist on site ). But
that is not to say that this company can not make you lots of money, major
daily share price movements. I sold out again yesterday and have brought
back in to UNW on which I have doubled my money over the last 2 months.
But thanks for the tip on SBM and good to see someone doing some research.
 
Re: SBM....St. Barbara Mines

Yippyio said:
Looks like all the excitement is over for now:sleeping:
Click to expand...

I think it definately needs to cool down and consolidate for a while, nothing goes up in a straight line for long.

I am in for the medium term, unless stopped out of course.Gold is in a rising trend, SBM could be buying back up to another 56 million shares so I can't see much downside, but looking overheated for sure.As always time will tell, I am pretty excited though must be said.:jump:
 
Re: SBM....St. Barbara Mines

Hey Chicken,

Have not heard from you lately, too busy counting the penny's :2twocents

I have been watching the ASX notices regarding the share buy back, so far two.

The 9th Sept buy back notice stipulated that SBM would buy at a maximum allowable price limit of 0.228

The 12th Sept buy back notice revised stipulated a maximum buy back price limit of 0.2336

No revised notice today, SBM opened at .235, which exceeds their buy back price limit. Even without SBM buying today the volume has stil beenl fairly good.

So I guess SBM is sitting there, as a buyer at 0.2336 until they revise their buy back notice.

:shoot: :bigun2:
 
Re: SBM....St. Barbara Mines

Can anyone tell me how rule 7.33 is calculated in regards to to buy-back
price eg. is it the closing price of the last 5 days. Thanks
 

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