SBM - St Barbara Limited
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Re: SBM - St. Barbara Mines
Personally I am not sure why you would purchase any shares in SBM at the moment - the stock is in a definite downtrend at the moment & nobody knows how low it will go… I was tempted to buy in at 0.35 but held out – waiting for the market to confirm the turn around before I get in.
Good luck to all holders.
Personally I am not sure why you would purchase any shares in SBM at the moment - the stock is in a definite downtrend at the moment & nobody knows how low it will go… I was tempted to buy in at 0.35 but held out – waiting for the market to confirm the turn around before I get in.
Good luck to all holders.
Re: SBM - St. Barbara Mines
Thanks Ashsaege that is very helpful. If there are no other theories then we shall have to wait and see.
Why I want to understand, or at least hypothesise, what is going on is that it will help me decide whether to get out or hang in there. For now I'm hanging in.
Thanks Ashsaege that is very helpful. If there are no other theories then we shall have to wait and see.
Why I want to understand, or at least hypothesise, what is going on is that it will help me decide whether to get out or hang in there. For now I'm hanging in.
explod
explod
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Re: SBM - St. Barbara Mines
One can never be certain, but the selling seems to have begun to dry up this morning.
To 11am the last 3 days, Wednesday's volume was 4 million, Thursday's 2.6 mil and today at 1.75.
In making a decision to sell I ask myself, if I did not hold the stock would I buy it? I hold the stock, and would buy but have enough.
One can never be certain, but the selling seems to have begun to dry up this morning.
To 11am the last 3 days, Wednesday's volume was 4 million, Thursday's 2.6 mil and today at 1.75.
In making a decision to sell I ask myself, if I did not hold the stock would I buy it? I hold the stock, and would buy but have enough.
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Re: SBM - St. Barbara Mines
Solomon seems to have nailed it. After the close it was announced that AMP and Barclays have dropped the stock. Barclays have been off loading for a week or 2 which probably explains a lot.
I'm a small holder.
Solomon seems to have nailed it. After the close it was announced that AMP and Barclays have dropped the stock. Barclays have been off loading for a week or 2 which probably explains a lot.
I'm a small holder.
Re: SBM - St. Barbara Mines
Barclays and Amp only sold down a very small portion,just enough to keep the price below 40c maybe?
Just speculating,but I can't explain it any other way.
If they picked up some more on the 4,July well that will answer my question.
Barclays and Amp only sold down a very small portion,just enough to keep the price below 40c maybe?
Just speculating,but I can't explain it any other way.
If they picked up some more on the 4,July well that will answer my question.
Re: SBM - St. Barbara Mines
Well spotted about them only selling a small portion of their holdings (I only checked AMP, I'll believe you're right for Barclays). But why would they do that, it is only damaging themselves?
Some thinking out loud - well you know what I mean.
Maybe they are trying to undermine the retail part of the offer? But why?
Maybe they want to do that because they are pissed at the SBM management - unlikely.
Or perhaps they want to hurt the underwriter - maybe - but it is an expensive way to hurt Macquarie - unlikely.
Or maybe they want to spoil the retal part of the offer so they can pick more up at a nice price from the underwriter who will no doubt look to unload all those shares they are going to be caught with?
Well now I'm out of ideas. Maybe Barclays just needed the cash - the Hurting Giant lurches taking casulties in its wake.
Well spotted about them only selling a small portion of their holdings (I only checked AMP, I'll believe you're right for Barclays). But why would they do that, it is only damaging themselves?
Some thinking out loud - well you know what I mean.
Maybe they are trying to undermine the retail part of the offer? But why?
Maybe they want to do that because they are pissed at the SBM management - unlikely.
Or perhaps they want to hurt the underwriter - maybe - but it is an expensive way to hurt Macquarie - unlikely.
Or maybe they want to spoil the retal part of the offer so they can pick more up at a nice price from the underwriter who will no doubt look to unload all those shares they are going to be caught with?
Well now I'm out of ideas. Maybe Barclays just needed the cash - the Hurting Giant lurches taking casulties in its wake.
explod
explod
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Re: SBM - St. Barbara Mines
Barclays Bank has been dragged down by the sub-prime problem in August last year. These problems have not improved and many of the institutions embroiled in this mess are having servere cashflow problems. So reading between the lines they have to sell down some assets at any cost just to keep heads above water.
Barclays Bank has been dragged down by the sub-prime problem in August last year. These problems have not improved and many of the institutions embroiled in this mess are having servere cashflow problems. So reading between the lines they have to sell down some assets at any cost just to keep heads above water.
Re: SBM - St. Barbara Mines
If Barcays and AMP got in on SBM any time before Jan/Feb of 2006 then they wouldn't actually be selling at a loss (well unless they bought the huge ride up over $2 in the mid 90's).
I have no way of finding out, but it would be nice to know when they became substantial holders?
If Barcays and AMP got in on SBM any time before Jan/Feb of 2006 then they wouldn't actually be selling at a loss (well unless they bought the huge ride up over $2 in the mid 90's).
I have no way of finding out, but it would be nice to know when they became substantial holders?
Re: SBM - St. Barbara Mines
Re-reading the AMP announcement it looks to me that AMP has ceased to be "significant holder" in terms of the definition but is still a substantial holder. From here on they could continue selling without notice and will only need to notify again if they buy and trigger the " significant holder" level.
Perhaps Barclays and AMP are still selling but are obliged to make disclosure along the way? I don't know the rules about this but someone can perhaps clarify?
Disc: Not a holder but interested.
Re-reading the AMP announcement it looks to me that AMP has ceased to be "significant holder" in terms of the definition but is still a substantial holder. From here on they could continue selling without notice and will only need to notify again if they buy and trigger the " significant holder" level.
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Re: SBM - St. Barbara Mines
All will be revealed in due course......? It's still worth substantially more than the current share price based on information publicly available. What is your risk/reward tolerance?
All will be revealed in due course......? It's still worth substantially more than the current share price based on information publicly available. What is your risk/reward tolerance?
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Re: SBM - St. Barbara Mines
According to major shareholder list AMP bought in on 28/02/2008 acquiring 5.27% and Barclays on 22/10/2007 - 17/06/2008 acquiring 5.39%, or indeed these maybe when they annouced major shareholder status.
Seems unlikely they were in before 02/2006, but still a possibility.
According to major shareholder list AMP bought in on 28/02/2008 acquiring 5.27% and Barclays on 22/10/2007 - 17/06/2008 acquiring 5.39%, or indeed these maybe when they annouced major shareholder status.
Seems unlikely they were in before 02/2006, but still a possibility.
Re: SBM - St. Barbara Mines
Thanks Santoro, the pressure is still on the price. So it seems that they, or one of them, is selling down (or out). With AMP a large chunk of their holding would be assets backing insurance 20m shares, but even though there are no 'unit holders' worried about fund performance, selling the insurance side down does impact the share price, which impacts the investment funds. The investment business (AMP Capital) owns - or owned - $30m shares. So I don't get what they are doing. Unless they have been selling off to just get under the radar so when the market recovers they can sell out undetected?
As for Barclays, they will probably keep selling if they are hurting as previously mentioned.
It looks to me as if there is going to be significant downward pressure on the price for a while to come, but I've lost so much now that I'm going to ride it out and hope for happier days in the months ahead.
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these are merely my opinions and aren't financial advise.
Thanks Santoro, the pressure is still on the price. So it seems that they, or one of them, is selling down (or out). With AMP a large chunk of their holding would be assets backing insurance 20m shares, but even though there are no 'unit holders' worried about fund performance, selling the insurance side down does impact the share price, which impacts the investment funds. The investment business (AMP Capital) owns - or owned - $30m shares. So I don't get what they are doing. Unless they have been selling off to just get under the radar so when the market recovers they can sell out undetected?
As for Barclays, they will probably keep selling if they are hurting as previously mentioned.
It looks to me as if there is going to be significant downward pressure on the price for a while to come, but I've lost so much now that I'm going to ride it out and hope for happier days in the months ahead.
---
these are merely my opinions and aren't financial advise.
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Re: SBM - St. Barbara Mines
Solomon,
I agree, its hard to remain optimistic, with the credit crunch loss predictions increasing in total (USD 1.5 trillion) , the sharemarket is taking a hammering, I suspect with more to come. I think cashing up is the call by institutions under pressure.
I am sticking with this one because if stocks keeps falling, gold may be better bet than cash. Unfortunately I got in looking for a promising gold stock a few weeks back, could have done much better, in hindsight i think I should have gone with ZAUWBA...Perth Mint physical gold warrants......
Good luck to all holders....
Solomon,
I agree, its hard to remain optimistic, with the credit crunch loss predictions increasing in total (USD 1.5 trillion) , the sharemarket is taking a hammering, I suspect with more to come. I think cashing up is the call by institutions under pressure.
I am sticking with this one because if stocks keeps falling, gold may be better bet than cash. Unfortunately I got in looking for a promising gold stock a few weeks back, could have done much better, in hindsight i think I should have gone with ZAUWBA...Perth Mint physical gold warrants......
Good luck to all holders....
Re: SBM - St. Barbara Mines
It looks to me as if there is going to be significant downward pressure on the price for a while to come, but I've lost so much now that I'm going to ride it out and hope for happier days in the months ahead.
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these are merely my opinions and aren't financial advise.[/QUOTE]
Interestingly, the volume has dried up a bit this morning, so maybe this bodes well for the days ahead.
However, there is still no news on the retail component of the offer?
It looks to me as if there is going to be significant downward pressure on the price for a while to come, but I've lost so much now that I'm going to ride it out and hope for happier days in the months ahead.
---
these are merely my opinions and aren't financial advise.[/QUOTE]
Interestingly, the volume has dried up a bit this morning, so maybe this bodes well for the days ahead.
However, there is still no news on the retail component of the offer?
Re: SBM - St. Barbara Mines
At almost the moment I was typing this, trade in SBM stopped, its status is 'pre-open' but there is no news yet. There's probably going to be news, in fact it is probably being posted as I typ ...
Interestingly, the volume has dried up a bit this morning, so maybe this bodes well for the days ahead.
However, there is still no news on the retail component of the offer?
At almost the moment I was typing this, trade in SBM stopped, its status is 'pre-open' but there is no news yet. There's probably going to be news, in fact it is probably being posted as I typ ...
explod
explod
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Re: SBM - St. Barbara Mines
I think the news is great. The price pummelling has been so bad in my view that I began to suspect a production problem.
My other thoughts are in previous posts. A happier holder.
The commercial shorts on silver are in trouble and a capitulation must be close by. Silver always leads gold as does a contracting $US, which is all happening. SBM will bolt with it IMHO
I think the news is great. The price pummelling has been so bad in my view that I began to suspect a production problem.
My other thoughts are in previous posts. A happier holder.
The commercial shorts on silver are in trouble and a capitulation must be close by. Silver always leads gold as does a contracting $US, which is all happening. SBM will bolt with it IMHO
