SBM - St Barbara Limited

[burglar]

Re: SBM - St. Barbara Mines

... Would I be correct in saying if I had set a stop with my brokers at 85c prior to today's action, that it would not have been triggered? ...

Ask this question of your broker, as each broker is different.
Ask which conditional orders are available and how do they work.

 

[Country Lad]

Re: SBM - St. Barbara Mines

Hi C/L,

Did you have a stop loss set with the brokers you are with prior to the opening of the market?

Would I be correct in saying if I had set a stop with my brokers at 85c prior to today's action, that it would not have been triggered?

Yes, as I said in another thread

Stopped out this morning obviously, as I was with a number of others. Seeing I was out most of the morning and didn't look at the market, thank goodness for conditional orders.

burglar is correct, it depends on the broker's setup. It is fairly well standard that if you had set the trigger at 85, then it would be sold when it trades at 85 or below 85. The difference between the brokers is at what price it will be placed on the market which can vary between 1 to 3 ticks below your trigger price.

Cheers
Country Lad

 

[PinguPingu]

Re: SBM - St. Barbara Mines

So SBM has retraced about half of yesterdays loss (so far) but on less volume, what would the t/a be on this? If its lower volume would that mean a probably continuation of price decline, is there any t/a pattern stocks like SBM/KCN appear to show at the moment? Sorry if these are dumb questions, I dont hold any of the stocks, just trying to learn some basic t/a while uni work is low.

 

[pixel]

Re: SBM - St. Barbara Mines

Too early to tell, but the pattern could turn into an inverted Head & Shoulders.
Head being the June Low, shoulders the Lows in May and early August.



Anything gold-related must of course be traded with caution, as it's highly dependent on people's sentiment. That's the main reason why I'm still on the sidelines. But not for long any more.

 

[mr. jeff]

Re: SBM - St. Barbara Mines

Too early to tell, but the pattern could turn into an inverted Head & Shoulders.
Head being the June Low, shoulders the Lows in May and early August.

View attachment 54130

Anything gold-related must of course be traded with caution, as it's highly dependent on people's sentiment. That's the main reason why I'm still on the sidelines. But not for long any more.

Referring to your chart, I would say that if there is a bounce from the recent resistance levels below then this will be off to the races. I would be looking for low volume down bars that sit at resistance showing that there is no on selling and pushing it down. May be a bit of news coming and that may give it an upthrust to kick off the next move up. If there is high volume and no strong move up then I would stand back and wait.

Please remember to check cash at hand before buying a breakout with any goldie at the moment.

 

[HAICHUN HU]

SBM

Are there anyone who has traded SBM recently ?

 

[qldfrog]

Re: SBM

I do own and was surprised at the fall and ongoing lows irrespective of POG
not enough knowledge to add much here

 

[mojowo]

Re: SBM - St. Barbara Mines

Here we go, here we go, here we gooooo....

 

[tech/a]

Doubled in price last month and gone un noticed.

 

[notting]

Doubled in price last month and gone un noticed.

I noticed.

Unfortunately that's all I did!

 

[sikboy]

I was in at 15c. Exit at 18c and then just kept watching. I feel like such a loser now. Keep thinking that I missed the boat but it just keeps on going up.

 

[pixel]

Something in last Friday's QR seems to have spooked the Market.
I'm no longer interested - stopped out as sp dropped out of the Darvas box.

 

[Colonel Flagg]

I have been trading / investing on and off since the dotcom days and SBM is my first 10 bagger.

In at .215 in Jan 2015.

 

[notting]

Horrible reversal.
This one Led the goldies up. Today it put in a big reversal on huge volume which makes think again that Gold is going to take a hit.
There are reasons too.
Fed will raise again even if it is only twice and the market will wake up and reverse on that especially as Europ is likely to need to stay the course on expanding the balance sheet.
Markets are going to be positive for a little while so why global sentiment is going to be ok no need to hedge for macro disaster.
China has realized that a strong yaun with international hand clapping behind it gives them lots of money to buy stuff internationally. So they will hedge their propping up of the Yaun with that. No crises in the news.
All good. Gold bad!

 

[Porper]

Horrible reversal.
This one Led the goldies up. Today it put in a big reversal on huge volume which makes think again that Gold is going to take a hit.
There are reasons too.
Fed will raise again even if it is only twice and the market will wake up and reverse on that especially as Europ is likely to need to stay the course on expanding the balance sheet.
Markets are going to be positive for a little while so why global sentiment is going to be ok no need to hedge for macro disaster.
China has realized that a strong yaun with international hand clapping behind it gives them lots of money to buy stuff internationally. So they will hedge their propping up of the Yaun with that. No crises in the news.
All good. Gold bad!

Mid-bar close isn't that concerning although SBM has been parabolic of late so a pull-back ideal. Also, EVN and GOR closed strongly, amongst other goldies. The Gold sub sector shows bullish patterns, albeit a short retracement is likely. I continue to be bullish the yellow metal and am heavily aligned to the sector.

 

[newanimal]

I guess you can add PAN to the "horrible reversal" list too. PAN had shifted it emphasis from nickel to gold due to nickel price down and gold moving up (or was). Chart had taken on a promising possible trend reversal since Feb (as a result of this shift I assume) and was my little goldie hopeful.

 

[notting]

Fed will raise again even if it is only twice and the market will wake up

Market woke up and that is more than a 20% fall from my 19th March note (4 trading days)

 

[greggles]

Yesterday's Quarterly Report must have impressed the market. SBM up around 7% today.

$161 million in cash and no debt.

 

[notting]

$161 million in cash and no debt.

Is always a good thing no matter what analysts say..
Good whist US$ is falling like just about everything. Wheel in an oil rise shock and boooom hyperinflation explosion!

 

[greggles]

SBM seems to be unstoppable. No real news of any note in a couple of months but its share price has continued to head north. AISC at Simberi is between A$1,130 and A$1,230 per ounce for FY18 and their hedge book is in a healthy position. Q3 March 2018 gold production of 85,885 ounces with Gwalia doing the heavy lifting with 56,773 ounces produced.

Their last production update stated they had $262 million in cash which means they accumulated $100 million in less than 12 months.

SBM must rank as one of the ASX's greatest comeback stories.