SBM - St Barbara Limited

[explod]

Re: SBM - St. Barbara Mines

Still very wary of this stock. Was called a "dog" in past posts and that's exactly how I felt at the time too. I'd bought at 25, saw it go up to 42 and then plummet back down to 18. Here's my chance again to exit with profit. But , as before, human nature says "get as much as you can", and there's the dilemma. Don't want to miss out/don't want to lose out. I still don't like this stock and once out that will be it.

I know the feeling but focus on what the capital could be doing elsewhere. Once I got that into my head my trading improved markedly. Of course adhereance to a trailing stop criteria is where it is at from the cold perspective.

Having said that, if the gold price continues to rise a bit more you may well soon see your 40 cents again.

Your decision and I am not qualified to advise. Just two bobs worth

 

[noirua]

Re: SBM - St. Barbara Mines

Still very wary of this stock. Was called a "dog" in past posts and that's exactly how I felt at the time too. I'd bought at 25, saw it go up to 42 and then plummet back down to 18. Here's my chance again to exit with profit. But , as before, human nature says "get as much as you can", and there's the dilemma. Don't want to miss out/don't want to lose out. I still don't like this stock and once out that will be it.

Yes indeed, it was called a dog on very many occasions, by myself included, but turn the word round and it becomes god.

 

[Sean K]

Re: SBM - St. Barbara Mines

Good bounce up, yes. How much is due to the quality of the company, or to POG about to hit all time highs? Hard to tell.

 

[Uncle Festivus]

Re: SBM - St. Barbara Mines

Good bounce up, yes. How much is due to the quality of the company, or to POG about to hit all time highs? Hard to tell.

All looks to be a little overdone as the AU price still can't crack $1200, a long way to $1500 again?

 

[noirua]

Re: SBM - St. Barbara Mines

All looks to be a little overdone as the AU price still can't crack $1200, a long way to $1500 again?

Though the reason for not cracking AU$1200 is more to do with the strength of the Aussie, and that because of furious buying of commodities by China and a sudden turnaround in foreign interest in shares and mines.

SBM are I now believe to be playing catchup and the first target staring us in the face is 40c.
Declaration - I have built what is a quite large holding for me on sale of coal stocks and Wesfarmers - so I have a personal reason for being bullish as well.

 

[baroosh]

Re: SBM - St. Barbara Mines

hello can anybody tell me is it worth hanging on to a parcel of 500 st barbara mine share .i have had them since 1981 and paid 20 cent ordinary share for them they really havnt done much . also for a few years i recieved a cheque for $20.00 . but nothing for the past ten years i would not recommending anyone to buy st barbara mine shares not a good investment any reply would be great cheers

 

[baroosh]

Re: SBM - St. Barbara Mines

Good bounce up, yes. How much is due to the quality of the company, or to POG about to hit all time highs? Hard to tell.

all they seem to do is vote for a new chairman what about my investment done jack**** for 25 years

 

[Sean K]

Re: SBM - St. Barbara Mines

500 shares? So, they're worth about 150 bucks. Depending on your brokerage you could ditch them and you'd have enough money for a nice bottle of wine, less tax on the capital gains, so maybe just an OK bottle of wine. If you really think they're that bad and going nowhere that wine sounds tasty to me. But of course, we can't give financial advice here, it's against the rules. Good luck!

 

[noirua]

Re: SBM - St. Barbara Mines

St Barbara's new presentation - stock price 31.5c up 2c today: http://www.asx.com.au/asxpdf/20090916/pdf/31kr6mlzc0l2qt.pdf

 

[Anthony Hosemans]

Re: SBM - St. Barbara Mines

I have traded SBM several times over the years, and have just sold at 31.5Cents, hoping to buy at below 25cents in the near future. What has kept me interested is the money they have been able to raise from institutions in the oast few years. An issue last year was fully underwritten at 40cents per share. They do however have the ability to use up their working capital fairly quickly, but don't necessarily increase their output of gold. Regards Kooka

 

[Sean K]

Re: SBM - St. Barbara Mines

I had only just picked my jaw up off the ground after seeing PRU wanted to issue a bunch of long term options to a director at a couple of % above the current sp when I saw this one.

Issue of Employee Options with Performance Hurdles to Managing Director & CEO
1 October 2009

A total of 5,857,320 employee options are proposed to be granted to Mr Tim Lehany, Managing Director and CEO in respect of the fiscal year 2010 Long Term Incentive allocation, subject to shareholder approval.

The exercise price of $0.306 per option was calculated as the volume weighted average price measured over the 10 business day period immediately preceding 23 September 2009,

Key terms are as follows:
Grant Date: with effect from 23 September 2009 subject to shareholder approval
Vesting date: 23 September 2012
Expiry date: 23 September 2014
Exercise price: $0.306 per option


WTF!! The current price is 27c, what sort of incentive is that.

Just disgraceful.

Maybe it's a joke? It's the first of some month...

 

[swm79]

Re: SBM - St. Barbara Mines

I had only just picked my jaw up off the ground after seeing PRU wanted to issue a bunch of long term options to a director at a couple of % above the current sp when I saw this one.

Issue of Employee Options with Performance Hurdles to Managing Director & CEO
1 October 2009

A total of 5,857,320 employee options are proposed to be granted to Mr Tim Lehany, Managing Director and CEO in respect of the fiscal year 2010 Long Term Incentive allocation, subject to shareholder approval.

The exercise price of $0.306 per option was calculated as the volume weighted average price measured over the 10 business day period immediately preceding 23 September 2009,

Key terms are as follows:
Grant Date: with effect from 23 September 2009 subject to shareholder approval
Vesting date: 23 September 2012
Expiry date: 23 September 2014
Exercise price: $0.306 per option


WTF!! The current price is 27c, what sort of incentive is that.

Just disgraceful.

Maybe it's a joke? It's the first of some month...

haha

maybe its an incentive to make the options cheap? turn this thing into a 50c coy and your 30c options will start looking good!

with that said its only fair he gets offered weighted average when thats what the rest of us have to (generally) suffer when there is an SPP

 

[Albi]

Re: SBM - St. Barbara Mines

Nice volume and nice prise rise. A good news is about to come or sp rise is just based on rumours. At all this stock save me. I was about to sell it at .290 and after five minutes it was on .30. Hope tomorrow will also rise at least 6%. Hope to cover some loss of BBI.

 

[Albi]

Re: SBM - St. Barbara Mines

WOW again 8% up and nice volume. It is more than 39 m. I am hoping some good news is about to come. SBM is improving slowly. Most of sp was on .33 cent. Is some one buying or selling ?

 

[noirua]

Re: SBM - St. Barbara Mines

WOW again 8% up and nice volume. It is more than 39 m. I am hoping some good news is about to come. SBM is improving slowly. Most of sp was on .33 cent. Is some one buying or selling ?

Hold on tight as SBM are taking off, and I'm afraid some detractors have forgotten to change horses. Jump off those cart horses and jump on to a thoroughbred! Have you left it too late though? Who knows?.

The gold price rise is a good factor here and that presentation to Deutsche Bank at the Emerging Miners Conference went down well.
A high risk stock in a high risk sector are SBM, but many are smiling again now.

 

[Albi]

Re: SBM - St. Barbara Mines

Hold on tight as SBM are taking off, and I'm afraid some detractors have forgotten to change horses. Jump off those cart horses and jump on to a thoroughbred! Have you left it too late though? Who knows?.

The gold price rise is a good factor here and that presentation to Deutsche Bank at the Emerging Miners Conference went down well.
A high risk stock in a high risk sector are SBM, but many are smiling again now.

Thanks Noirua, I have been dealing with this stock quiet a long time so know it well. I came out this morning, know well that gold price is also a factor. My theory is small and safe trading except i stuck in BBI. That was really a very stupid decision.

 

[noirua]

Re: SBM - St. Barbara Mines

Thanks Noirua, I have been dealing with this stock quiet a long time so know it well. I came out this morning, know well that gold price is also a factor. My theory is small and safe trading except i stuck in BBI. That was really a very stupid decision.

This stock saved my life about 15 years ago. I've learnt it's one to watch carefully, "a stock that MAY WELL zoom and crash". Up to 34 cents now and has done better than my coal stocks I exited from (except FLX a gamble as well).
I don't doubt the high risks but I trust the old Sons of Gwalia mine at Gwalia deeps!

 

[baroosh]

st barbara mines

how can st barbara justify by handing out 5000000 share valued at 36 cents to the ceo

 

[kbxk508]

Re: st barbara mines

how can st barbara justify by handing out 5000000 share valued at 36 cents to the ceo

Gee, maybe he should get 500 shares and just get on with it - 6 months ago the company was down and out.

The name of the game is to deliver on potential and if he can do that the shares wil be worth a lot more than 30c and he deserves to be rewarded and so do the current holders. If not, then it most likely will be a Lot less and nobody wins.

There is no grey area, either you deliver and shares go up or you don't and shares go down - time will tell.

 

[noirua]

Re: SBM - St. Barbara Mines

Sri Lanka joined India in favouring holding gold rather than US$s. The gold price is pushing gradually to higher peaks, despite the Aussie strengthening.
SBM are looking good now at 34 cents and profits are likely to rise dramatically if the upward gold price trend continues.