SBM - St Barbara Limited
- Thread starter chicken
- Start date
-
- Tags
- sbm st barbara limited
- Joined
- 3 May 2019
- Posts
- 6,353
- Reactions
- 10,052
Continuing on from posts earlier in the year, a big pullback on the chart yesterday.
Hmmmm.
Decisions decisions.
Hmmmm.
Decisions decisions.
Good evening
Announcement 15/11/24 see attached:
The Share Purchase Plan provides Eligible Shareholders with the opportunity to purchase New Shares at an Issue Price of $0.38 per New Share. The Issue Price is the same price at which the Placement Shares were issued under the Placement and represents a:
• 17.4% discount to the closing price of fully paid ordinary shares in St Barbara (Shares) on 31 October 2024 (being the last trading day prior to the announcement of the Placement and the SPP) of $0.46; and
• 18.0% discount to the 5-day volume weighted average price of Shares traded during the 5 ASX trading days up to and including 31 October 2024 of $0.463. You may apply for a parcel of New Shares in increments of $1,000 up to a maximum value of $30,000.
Announcement 09/12/24 see attached:
St Barbara Limited confirms that the Share Purchase Plan announced on 5 November 2024 has been completed, raising approximately A$500,000. A total of approximately 1.35 million New Shares at a price of A$0.38 per New Share are expected to be issued on 10 December 2024, and to commence trading on 11 December 2024. New Shares issued under the SPP will rank equally with St Barbara’s existing shares.
Chart update:
5 minute
Daily
Holding and did not participate in Share Purchase Plan
Kind regards
rcw1
Announcement 15/11/24 see attached:
The Share Purchase Plan provides Eligible Shareholders with the opportunity to purchase New Shares at an Issue Price of $0.38 per New Share. The Issue Price is the same price at which the Placement Shares were issued under the Placement and represents a:
• 17.4% discount to the closing price of fully paid ordinary shares in St Barbara (Shares) on 31 October 2024 (being the last trading day prior to the announcement of the Placement and the SPP) of $0.46; and
• 18.0% discount to the 5-day volume weighted average price of Shares traded during the 5 ASX trading days up to and including 31 October 2024 of $0.463. You may apply for a parcel of New Shares in increments of $1,000 up to a maximum value of $30,000.
Announcement 09/12/24 see attached:
St Barbara Limited confirms that the Share Purchase Plan announced on 5 November 2024 has been completed, raising approximately A$500,000. A total of approximately 1.35 million New Shares at a price of A$0.38 per New Share are expected to be issued on 10 December 2024, and to commence trading on 11 December 2024. New Shares issued under the SPP will rank equally with St Barbara’s existing shares.
Chart update:
5 minute
Daily
Holding and did not participate in Share Purchase Plan
Kind regards
rcw1
- Joined
- 12 January 2008
- Posts
- 7,411
- Reactions
- 18,535
Sovereign risk appears once again as an overseas government tries to extract more taxes from a ASX listed miner. I this case PNG is trying to gouge SBM for more money.
SBM down 34% on the news. SBM mgt will vigorously defend against the claim.
SBM down 34% on the news. SBM mgt will vigorously defend against the claim.
- Joined
- 8 June 2008
- Posts
- 13,404
- Reactions
- 19,831
Gold miner St Barbara hit with $210m PNG tax demand https://www.afr.com/companies/minin...a-hit-with-210m-png-tax-claim-20241224-p5l0i5
Our Northern neighbours have decided that the West Africans method is the right one, next step: catch a plane load of executives and invite them in a Port Moresby public accommodation....
Our Northern neighbours have decided that the West Africans method is the right one, next step: catch a plane load of executives and invite them in a Port Moresby public accommodation....
- Joined
- 28 August 2022
- Posts
- 7,232
- Reactions
- 11,806
Ah rcw greed and need 'tis an old folly.
Good evening
SBM has been entered into the annual competition... @mullokintyre fyi February update.
Announcement of most interest dated 18/02/25 - Simberi Gold Company Pty Ltd, a wholly-owned subsidiary of St Barbara, has lodged objection against the tax assessments by the Papua New Guinea, Internal Revenue Commission (IRC):
Financials half yearly to 31 December 2024:
Chart update:
Daily
Holding
Kind regards
rcw1
SBM has been entered into the annual competition... @mullokintyre fyi February update.
Announcement of most interest dated 18/02/25 - Simberi Gold Company Pty Ltd, a wholly-owned subsidiary of St Barbara, has lodged objection against the tax assessments by the Papua New Guinea, Internal Revenue Commission (IRC):
- IRC assessed additional tax of PGK152.0 million on revisions to Simberi Gold tax returns across 2017 to 2021 in relation to revisions to Allowable Capital Expenditure (“ACE”) and have applied penalties of PGK304.1 million;
- identification of errors totalling PGK64.0 million;
- After adjustment for these errors there is just PGK88.1 million applicable;
- Of this there are other lawful considerations to further reduce the tax debt; and
- the audit investigation team lead officer was a former St Barbara Limited tax manager with responsibility for preparation of tax returns for Simberi Gold immediately prior to his appointment to the IRC. Furthermore, the Company understands that the lead officer’s work was not subject to review before the assessments were issued.
Financials half yearly to 31 December 2024:
Chart update:
Daily
Holding
Kind regards
rcw1
