Australian (ASX) Stock Market Forum

SBM - St Barbara Limited

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SBM formerly Endeavor Resources is my best lifetime investment by a distance. It saved my life financially in 1994/1995 when it rose from 2c to $2.80. The profit was unbelievable and it needed to be. So just maybe it will do well this year after similar problems all those years back. I doubt it will reach $70 to beat 1994/1995.

St Barbara Website: https://stbarbara.com.au/
Operations - https://stbarbara.com.au/our-operations/

Long term live charts - https://uk.advfn.com/p.php?pid=staticchart&s=ASX^SBM&p=5&t=1
 
Sean K said:
I'm not sure about this merger. Can you make a silk purse out of two cows ears?
Click to expand...
No.

Another wonderful quarter from St. Barbara. Absolutely madness the market is assigning any value to this company.

1674617425733.png
 
Sean K said:
That's almost unbelievable. Is there a higher cost gold miner anywhere in the World?
Click to expand...
Still a lot of 'em are more expensive!

They claimed the realized gold price was $2,591, and yet total cash balances dropped about $27 million from last quarter on ~65,000oz sold. So they really need to find another $400/oz of value somewhere to stop burning cash.
1674619628406.png
 
SBM's Gwalia Deeps busted Sons of Gwalia NL some years back - forward selling gold was also a disaster. The side-track method of entry from other mines was successful for SBM but costs remain high. There may well be an opportunity though calling the low point and patience needed may well be a factor. Crashed in price in 1987 and hailed a dog stock from 1988 to 1994. In 1995 hailed as the number one performing mining share in Australia and probably the world.
en.wikipedia.org

Sons of Gwalia - Wikipedia

en.wikipedia.org en.wikipedia.org
 
noirua said:
SBM's Gwalia Deeps busted Sons of Gwalia NL some years back - forward selling gold was also a disaster. The side-track method of entry from other mines was successful for SBM but costs remain high. There may well be an opportunity though calling the low point and patience needed may well be a factor. Crashed in price in 1987 and hailed a dog stock from 1988 to 1994. In 1995 hailed as the number one performing mining share in Australia and probably the world.
en.wikipedia.org

Sons of Gwalia - Wikipedia

en.wikipedia.org en.wikipedia.org
Click to expand...
Just a banter.
1993 Miner joined SOG. Lifted the price . Bought at 25 (?) Cents or so. Sold at $4 around. All manual trades then. Left SOG. Lalor brothers were gems. Unfortunately a top employee did some mischiefs. SOG was almost gone until St Barbara rescued from ashes.
Now ST Barbara lost heat and gone
.
 
Miner said:
Just a banter.
1993 Miner joined SOG. Lifted the price . Bought at 25 (?) Cents or so. Sold at $4 around. All manual trades then. Left SOG. Lalor brothers were gems. Unfortunately a top employee did some mischiefs. SOG was almost gone until St Barbara rescued from ashes.
Now ST Barbara lost heat and gone
.
Click to expand...
How much bias do Fat Prophets have in sticking to their recommendation as a buy and justify the price down under mid-week alert?
In fact, by the COB the price dived down by 21%. So even after this mid-week alert BUY, whosoever followed FP's recommendation, has made another loss. Friday could be further down the hill

Mid-week alert – St Barbara (ASX: SBM)​


Latest Price: 75.5 cents - 15.2%
Shares in St Barbara have heavily fallen in today’s trading, following the release of its December 2022 quarterly activities report. Markets have taken unkindly to the fall in gold production and a significant rise in AISC, both year-on-year for the quarter.
St Barbara reported operating issues at is Gwalia mine causing delays in accessing new high-grade stopes as had been scheduled. St Barbara did indicate mining was to commence in the new zone in the June 2023 quarter. The delay is unfortunate but not terminal and increased production is coming.
Pleasingly 2023 guidance has been maintained but production is forecast to come in at the lower end of the range of 260,000 to 290,000 ounces of gold. AISC guidance was also maintained but will hit the top end of the range of A$2,250 to A$2,600 an ounce.
We will provide a full update in next weeks’ Australasian and Global Mining reports. In the meantime, as the operational issues at Gwalia are delaying only, we will maintain our buy recommendation on St Barbara for Members with no exposure.
 
Miner said:
How much bias do Fat Prophets have in sticking to their recommendation as a buy and justify the price down under mid-week alert?
In fact, by the COB the price dived down by 21%. So even after this mid-week alert BUY, whosoever followed FP's recommendation, has made another loss. Friday could be further down the hill

Mid-week alert – St Barbara (ASX: SBM)​


Latest Price: 75.5 cents - 15.2%
Shares in St Barbara have heavily fallen in today’s trading, following the release of its December 2022 quarterly activities report. Markets have taken unkindly to the fall in gold production and a significant rise in AISC, both year-on-year for the quarter.
St Barbara reported operating issues at is Gwalia mine causing delays in accessing new high-grade stopes as had been scheduled. St Barbara did indicate mining was to commence in the new zone in the June 2023 quarter. The delay is unfortunate but not terminal and increased production is coming.
Pleasingly 2023 guidance has been maintained but production is forecast to come in at the lower end of the range of 260,000 to 290,000 ounces of gold. AISC guidance was also maintained but will hit the top end of the range of A$2,250 to A$2,600 an ounce.
We will provide a full update in next weeks’ Australasian and Global Mining reports. In the meantime, as the operational issues at Gwalia are delaying only, we will maintain our buy recommendation on St Barbara for Members with no exposure.
Click to expand...
A bloke (or Blokess) would be better listening to the varied views put up on ASF rather than the likes of Motley fool, Fat prophets, Morningside, etc etc.
Mick
 
mullokintyre said:
A bloke (or Blokess) would be better listening to the varied views put up on ASF rather than the likes of Motley fool, Fat prophets, Morningside, etc etc.
Mick
Click to expand...
How Fat Prophets misled people again.
Luckily for some uncanny feeling, I sold off my holding of SBM only yesterday even with a fraction of loss after buying recently, compared to if I would have sold today. What an AISC price, everything disaster. One thing no one is talking about is the CAPEX would give another blow.
As a miner who lived and worked in sons of gwalia Leonora back in 1993, I am not rejoicing about the poor show from SBM.
 
Sean K said:
This is a good advert for Fat Prophets. Do they actually do any research over there?

View attachment 153422
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Rhetorical question right?

Don't know why Genesis doesn't just let SBM fall over in 3 more months and pick them up for cents on the dollar. Or just wait for Red5 to pick SBM up, then pick up the combined entity for cents on the dollar.

Brokers just want inflated market-caps. Every deal they do brings them profits. Doesn't work like that for shareholders!

After all the dust settles it is going to be very interesting to see what Hoover House does. They'll have 2 mills? A whole bunch of marginal deposits and mines, potentially a heck of a lot of cash. That's a good position to be in - however they could very well just go out and keep incinerating cash like there is no tomorrow. Very much a situation where a proper reset is needed. Stop everything, sack everyone and spend 6 months figuring out exactly what you've got and how to make money properly.
 
The Triangle said:
Rhetorical question right?

Don't know why Genesis doesn't just let SBM fall over in 3 more months and pick them up for cents on the dollar. Or just wait for Red5 to pick SBM up, then pick up the combined entity for cents on the dollar.

Brokers just want inflated market-caps. Every deal they do brings them profits. Doesn't work like that for shareholders!

After all the dust settles it is going to be very interesting to see what Hoover House does. They'll have 2 mills? A whole bunch of marginal deposits and mines, potentially a heck of a lot of cash. That's a good position to be in - however they could very well just go out and keep incinerating cash like there is no tomorrow. Very much a situation where a proper reset is needed. Stop everything, sack everyone and spend 6 months figuring out exactly what you've got and how to make money properly.
Click to expand...

Hoover House might be appropriately named. Might be a bit of a lifestyle company.
 
Good morning

St Barbara has flagged putting its Touquoy open pit gold mine in Nova Scotia on care and maintenance early next year as it responds to more requests for information from local authorities.

SBM said it had received requests for information from the Nova Scotian Minister of Environment and Climate Change in response to the environmental assessment of the proposal to deposit tailings into the Touquoy open pit.

Not holding
EDIT: spelling error

Have a great ? day.

Kind regards
rcw1
 
Good morning
St Barbara shares will be halted ahead of the release of an announcement concerning the status of the transaction with Genesis Minerals.

The announcement may include a potential adjustment to the structure of the proposed transaction.

St Barbara aims to make an announcement concerning the announcement prior to the
start of trading on April 6.


EDIT: Not holding
Kind regards
rcw1
 
rcw1 said:
Good morning
St Barbara shares will be halted ahead of the release of an announcement concerning the status of the transaction with Genesis Minerals.

The announcement may include a potential adjustment to the structure of the proposed transaction.

St Barbara aims to make an announcement concerning the announcement prior to the
start of trading on April 6.


EDIT: Not holding
Kind regards
rcw1
Click to expand...

Is SBM the unluckiest gold miner on the ASX, or just incompetent? Retracting their ASIC guidance spells serious trouble.

Screenshot 2023-04-04 at 10.21.15 am.png
 

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