SBM - St Barbara Limited
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Sean K
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Re: SBM - St. Barbara Mines
None.
Unless you are happy to provide a donation.
To be corrected by someone closer to the company:
None.
Unless you are happy to provide a donation.
explod
explod
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Re: SBM - St. Barbara Mines
What we have is a good old shake out.
Noticed yesterday just before lunch a huge dump, and then again right on the close. There was also a lot of those same small number auto sales. Someone is trying to shake off the nervous nellies for thier plays.
What we have is a good old shake out.
Noticed yesterday just before lunch a huge dump, and then again right on the close. There was also a lot of those same small number auto sales. Someone is trying to shake off the nervous nellies for thier plays.
Trembling Hand
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Re: SBM - St. Barbara Mines
LOL. When does a new high to a new 2 1/2 year low in 3 months turn in to a disaster?? After a 90% fall?
LOL. When does a new high to a new 2 1/2 year low in 3 months turn in to a disaster?? After a 90% fall?
explod
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Re: SBM - St. Barbara Mines
Are you suggesting a bottom of .095 cents.
I notice the buys today at market have been large and most of the sells very small, as in intervals and even numbers in value. There is considerable large player intervention in this to hold it at the current level. IMHO, and would suggest the current level is near the base, for the moment.
Are you suggesting a bottom of .095 cents.
I notice the buys today at market have been large and most of the sells very small, as in intervals and even numbers in value. There is considerable large player intervention in this to hold it at the current level. IMHO, and would suggest the current level is near the base, for the moment.
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Re: SBM - St. Barbara Mines
I have been experimenting with a Google Docs spreadsheet at
http://spreadsheets.google.com/pub?key=pU-CyOZ-EOdoG1MmpluLUCQ&gid=0
If anyone would like to collaborate on it just PM me.
Feel free to have a look and critique, although it's a work in progress and testing Google Finance features so some data is not complete ie cash & capex figures. But, even assuming that cash & capex is a breakeven excercise, I get a 'valuation' which is nearly twice the current share price. It doesn't include any exploration or gold price upside etc so a bit conservative?
Tax loss selling may come into it this week, as too today was the first tradable day for the insto's who have already taken the plunge? I bought some more today - as in marriage, hopefully for the better
I have been experimenting with a Google Docs spreadsheet at
http://spreadsheets.google.com/pub?key=pU-CyOZ-EOdoG1MmpluLUCQ&gid=0
If anyone would like to collaborate on it just PM me.
Feel free to have a look and critique, although it's a work in progress and testing Google Finance features so some data is not complete ie cash & capex figures. But, even assuming that cash & capex is a breakeven excercise, I get a 'valuation' which is nearly twice the current share price. It doesn't include any exploration or gold price upside etc so a bit conservative?
Tax loss selling may come into it this week, as too today was the first tradable day for the insto's who have already taken the plunge? I bought some more today - as in marriage, hopefully for the better
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Re: SBM - St. Barbara Mines
Thank god I was not in this one, got out after it's false breakout back towards the end of May.
That being said, it is right near a decent long-term support level now (at about that 33-34.5c mark), the volume after the gap has been very high, so there is definately some buying interest out there, however, I do not like the fact volume is increasing over the last 3 trading days while the stock continues to fall. Though the price spread is not overly large, which is a positive.
The next few days will be very interesting. I would not be surprised to see this one find support around here and then look to have a crack at filling that gap above, an area right in the middle of a very strong resistance zone.
2c
Cheers
Thank god I was not in this one, got out after it's false breakout back towards the end of May.
That being said, it is right near a decent long-term support level now (at about that 33-34.5c mark), the volume after the gap has been very high, so there is definately some buying interest out there, however, I do not like the fact volume is increasing over the last 3 trading days while the stock continues to fall. Though the price spread is not overly large, which is a positive.
The next few days will be very interesting. I would not be surprised to see this one find support around here and then look to have a crack at filling that gap above, an area right in the middle of a very strong resistance zone.
2c
Cheers
Re: SBM - St. Barbara Mines
Had a gut feeling yesterday after looking at the chart that SBM would bounce off 35 cents and it seems to have done so today, hitting an intraday hight of 39.5 cents before settling on 37 cents. Hopefully it can continue to rise from here!
Had a gut feeling yesterday after looking at the chart that SBM would bounce off 35 cents and it seems to have done so today, hitting an intraday hight of 39.5 cents before settling on 37 cents. Hopefully it can continue to rise from here!
explod
explod
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Re: SBM - St. Barbara Mines
Yep, noticed at about 1439hrs the buyers changed to larger than the sellers. May not move up at all for a few days but very pleased to have loaded up at such a good price.
Yep, noticed at about 1439hrs the buyers changed to larger than the sellers. May not move up at all for a few days but very pleased to have loaded up at such a good price.
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Re: SBM - St. Barbara Mines
Could this be "money for jam"? SBM & Macquarie have a big interest in getting the retail component over the line fully subscribed so could we assume we will see a price at least over the 40c mark by close of offer, whether that be by 'helping' the share price or a well timed positive announcement? All things being equal, this one is a compelling candidate for some investor wealth creation at these levels? (refer spreadsheet link above)
Could this be "money for jam"? SBM & Macquarie have a big interest in getting the retail component over the line fully subscribed so could we assume we will see a price at least over the 40c mark by close of offer, whether that be by 'helping' the share price or a well timed positive announcement? All things being equal, this one is a compelling candidate for some investor wealth creation at these levels? (refer spreadsheet link above)
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Re: SBM - St. Barbara Mines
I went in on SBM a while back at an average of 0.718 and have been hurting ever since. Yesterday I doubled up at 0.35 and all I can say is that the fundamentals drove me to it. Now I'm hoping it wasn't good money after bad, but the POG gives me hope.
What I'd really like to know is who has been selling SBM so hard? It just doesn't make any sense to me, SBM hasn't been at these levels since January 2006 (at a rough look at the chart) Can anyone educate me?
I went in on SBM a while back at an average of 0.718 and have been hurting ever since. Yesterday I doubled up at 0.35 and all I can say is that the fundamentals drove me to it. Now I'm hoping it wasn't good money after bad, but the POG gives me hope.
What I'd really like to know is who has been selling SBM so hard? It just doesn't make any sense to me, SBM hasn't been at these levels since January 2006 (at a rough look at the chart)
Can anyone educate me?
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Re: SBM - St. Barbara Mines
A reason to sell? Tax losses for anyone who is losing money? Interested to see what happens after today? (end of tax year).
I went in on SBM a while back at an average of 0.718 and have been hurting ever since. Yesterday I doubled up at 0.35 and all I can say is that the fundamentals drove me to it. Now I'm hoping it wasn't good money after bad, but the POG gives me hope.
What I'd really like to know is who has been selling SBM so hard? It just doesn't make any sense to me, SBM hasn't been at these levels since January 2006 (at a rough look at the chart)
A reason to sell? Tax losses for anyone who is losing money? Interested to see what happens after today? (end of tax year).
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Re: SBM - St. Barbara Mines
I heard that the placement was fully covered. I hope it can improve from here as this is a sorry tale for me.
I have been so close to taking a loss and putting it into the coal & IO plays that have done so well for me. But I swore to myself not to sell for aloss again, a vow I made after my hasty sells during the January plummit ouch.
I heard that the placement was fully covered. I hope it can improve from here as this is a sorry tale for me.
I have been so close to taking a loss and putting it into the coal & IO plays that have done so well for me. But I swore to myself not to sell for aloss again, a vow I made after my hasty sells during the January plummit ouch.
Re: SBM - St. Barbara Mines
I don't get the price movement of SBM since the announcement of the offer. It is as if someone with deep pockets is trying to hurt the company by punishing the sp. Gold is up, SBM have $63m of instiutional money in the coffers, and she just keeps on going down.
I don't get the price movement of SBM since the announcement of the offer. It is as if someone with deep pockets is trying to hurt the company by punishing the sp. Gold is up, SBM have $63m of instiutional money in the coffers, and she just keeps on going down.
explod
explod
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Re: SBM - St. Barbara Mines
I agree, as a holder have been watching with some concern but have realised that some form of manipulation is going on.
Two thoughts:-
As the sharprice has gone below offer price of .40 cents, the underwriters are leverging into extra shares on market to dispose of later and thereby offset the loss.
At the very low price to value (IMHO) it has become a target for takeover. Stock shorting is part of that game. Have been discussing with Uncle Fest in pm,s and he sent me a spread of sales which indicated auto buying and selling that was moving the price into orders. Some of the huge dumps have been right on the close of the market, again to keep it repressed.
Monday will be interesting. I sent a message to the Company this afternoon stating these thoughts and that they ought to be letting shareholders into their take on the situation. Not holding my breath but perhaps some pressure from others could help. Certainly feel that the regulator could have been asking questions. They do it as a matter of course on sharp rises, this situation should be no different.
Unfortunately this regulation comes from the ASX (private enterprise) which I think is something the new Rudd Government ought to be having a close look at.
Anyway I increased my own holding at the lower prices and with no news forthcoming can only feel confident that we will return to sanity in the next few weeks.
I don't get the price movement of SBM since the announcement of the offer. It is as if someone with deep pockets is trying to hurt the company by punishing the sp. Gold is up, SBM have $63m of instiutional money in the coffers, and she just keeps on going down.
I agree, as a holder have been watching with some concern but have realised that some form of manipulation is going on.
Two thoughts:-
As the sharprice has gone below offer price of .40 cents, the underwriters are leverging into extra shares on market to dispose of later and thereby offset the loss.
At the very low price to value (IMHO) it has become a target for takeover. Stock shorting is part of that game. Have been discussing with Uncle Fest in pm,s and he sent me a spread of sales which indicated auto buying and selling that was moving the price into orders. Some of the huge dumps have been right on the close of the market, again to keep it repressed.
Monday will be interesting. I sent a message to the Company this afternoon stating these thoughts and that they ought to be letting shareholders into their take on the situation. Not holding my breath but perhaps some pressure from others could help. Certainly feel that the regulator could have been asking questions. They do it as a matter of course on sharp rises, this situation should be no different.
Unfortunately this regulation comes from the ASX (private enterprise) which I think is something the new Rudd Government ought to be having a close look at.
Anyway I increased my own holding at the lower prices and with no news forthcoming can only feel confident that we will return to sanity in the next few weeks.
Trembling Hand
Can be found on the bid
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Re: SBM - St. Barbara Mines
LOL.
LOL.
Its always the shorts manipulating. With naked shorts at 0.68%!
Would love for you to explain such rubbish. You have no idea who is selling and buying how can you state that you do. I mean is it any different that a ramp.
The only facts are that the market has SBM priced at 0.33.
LOL.
LOL.
Its always the shorts manipulating. With naked shorts at 0.68%!
Would love for you to explain such rubbish. You have no idea who is selling and buying how can you state that you do. I mean is it any different that a ramp.
The only facts are that the market has SBM priced at 0.33.
Re: SBM - St. Barbara Mines
On the SBM website the top shareholders are listed as:
M&G Group* (??Vanguard??) 10.05%
Deans Knight Capital Management 6.20%
JPMorgan Chase & Co 6.07%
Barclays Group 5.39%
AMP Limited 5.27%
Merrill Lynch & Co. Inc. 5.17%
It just occurred to me that perhaps there could be a distressed seller?
Trembling hand - not everyone in the market buys and sells based on fundamental value - one just has to look at the hot money following the oil stocks around over the last month. So my hunch is that there is someone selling SBM for unusual reasons, Explod has put forward a Conspiracy Theory, I've put forward a Hurting Giant theory, are there other possibilities.
On the SBM website the top shareholders are listed as:
M&G Group* (??Vanguard??) 10.05%
Deans Knight Capital Management 6.20%
JPMorgan Chase & Co 6.07%
Barclays Group 5.39%
AMP Limited 5.27%
Merrill Lynch & Co. Inc. 5.17%
It just occurred to me that perhaps there could be a distressed seller?
Trembling hand - not everyone in the market buys and sells based on fundamental value - one just has to look at the hot money following the oil stocks around over the last month. So my hunch is that there is someone selling SBM for unusual reasons, Explod has put forward a Conspiracy Theory, I've put forward a Hurting Giant theory, are there other possibilities.
