SBM - St. Barbara Mines

[Ann]

Chicken,

How very ethical of you to give credit to your source, well done.
Most would probably take the applause themselves.

:) Ann

[crackaton]

ZFX a definite winner. Too bad for all those sods that lost mulla on PAS.

You are correct though, SBM is a winner, especially given recent share buy back etc.

Maybe one day it will see 10$ just like ZFX.

[crackaton]

Chook is OK. He posts over at Ozestock and hotcopper as another name, but he is a genuine person who tries to help out.

[chicken]

ZFX a definite winner. Too bad for all those sods that lost mulla on PAS.

You are correct though, SBM is a winner, especially given recent share buy back etc.

Maybe one day it will see 10$ just like ZFX.
AS Seabrooth posted SBM IS swg without the hedgebook...does that make sense...took me a while and you know we could go all the way to $10...after all GOLD is going higher and so is SBM....... :2twocents

[clowboy]

Is it going to break through that magical barrier today?

Heres hoping :)

[jet-r]

SBM got a nice open today with high of 50.5 cents. Hope it will close at over 50cents today...

[MalteseBull]

too many sellers at .485 - .505 at the moment..
so it's stuck..

but chicken was right should've held on to it, i sold out ages ago and have no cash on hand to purchase it :(

[jet-r]

Hi Maltesebull, where do u find out the numbers of bidders and sellers at different prices?

[MalteseBull]

Hi Maltesebull, where do u find out the numbers of bidders and sellers at different prices?

www.comsec.com.au

[Narkov]

Is news still expected today?

[saichuen]

Is news still expected today?

i'm not sure what sort of news you are expecting but the quarterly report will be due tomorrow (as per Yahoo Finance). Let's hope there will be some good news installed in it.

happy trading! :D

[Narkov]

i'm not sure what sort of news you are expecting but the quarterly report will be due tomorrow (as per Yahoo Finance). let's hope there will be some good news installed in it.

Thats what i was after. I wasn't sure how credible the information at Yahoo was. Should be an interesting week.

[trader]

i'm not sure what sort of news you are expecting but the quarterly report will be due tomorrow (as per Yahoo Finance). let's hope there will be some good news installed in it.

happy trading! :D

Based on their forecast and if they sold all the gold that they have stockpiled and produced a profit of between 10 - 15 million not counting asset sales, but in the past have always done better than forecast so who knows.

Their cash position could increase to over 50 million and if any of this is right their share price will hit the 60 cent mark not counting that there might be nickel or that they are way above forecast and then 80 cents would be more of a target.

[tony2252]

IS THAT TRADER TALK AGAIN LOTS SMALL BIDS NEARLY ALL THE SAME GOING IN AT 49CENTS 12.25PM

[trader]

IS THAT TRADER TALK AGAIN LOTS SMALL BIDS NEARLY ALL THE SAME GOING IN AT 49CENTS 12.25PM

Wish I knew what it meant, maybe there is someone out there that knows.

[BraceFace]

Here we go......
Just jumped in at 49c
Jeez I hope it's all good news tomorrow :22_yikes:

[trader]

Here we go......
Just jumped in at 49c
Jeez I hope it's all good news tomorrow :22_yikes:

The report mightn't come out till thursday, but it will be good news.

[MalteseBull]

11 sellers at 50 cents...
doesn't look promising??

[chicken]

11 sellers at 50 cents...
doesn't look promising??
Yeah Maltese Bull...you would know and people would listen to you...LOLOLO well here it goes I agree with Trader...all good news my target $1 and higher...why...great little producer with$$$ in the bank only 40k ozs hedged and a new Nickel bonaaza .....soon to be announced..I am holding a swag and its still good buying..read what I posted once on ZFX.....this one is to go a lot higher......like ZFX :2twocents Also meant to say GOLD NOW $562....higher again than yesterday...

[chicken]

Wish I knew what it meant, maybe there is someone out there that knows.
Trader I heared that Brokers are trading in a circle to keep the price down or increase the price...I am getting an article from a friend and this could be circular trading happening...a broker buys the shares from the other broker and in turn that broker buys from him...anyway as soon as I get the article on circular trading I shall post it :2twocents

[MalteseBull]

Trader I heared that Brokers are trading in a circle to keep the price down or increase the price...I am getting an article from a friend and this could be circular trading happening...a broker buys the shares from the other broker and in turn that broker buys from him...anyway as soon as I get the article on circular trading I shall post it :2twocents

yes, i have noticed that too.. there is a consistent bids for SBM at small parcels of ~800-$1,000 as if the share was being nuked with bids..

I think whoever is doing it (brokers i reckon) are trying to hack the price inorder for the larger parcels to go through.. (imo)

It's official the announcment comes out today....

[trader]

yes, i have noticed that too.. there is a consistent bids for SBM at small parcels of ~800-$1,000 as if the share was being nuked with bids..

I think whoever is doing it (brokers i reckon) are trying to hack the price inorder for the larger parcels to go through.. (imo)

It's official the announcment comes out today....

How do you know its official , did it come directly from the company or is it
from a brokers page ( comsec ) these are not always right.

[MalteseBull]

How do you know its official , did it come directly from the company or is it
from a brokers page ( comsec ) these are not always right.

yeah brokers page... and there announcments state "mid-jan"??

[Narkov]

I rang the investor relations hotline yesterday and they said "this week". The lady was a little hazy about when this week so I really doubt it will be early week.

Then again...I may have been speaking to a phone jockey and not someone in the know.

[etrader1]

I rang the investor relations hotline yesterday and they said "this week". The lady was a little hazy about when this week so I really doubt it will be early week.

Then again...I may have been speaking to a phone jockey and not someone in the know.

re: Quarterly Report

I've sent an email to ask and got a response from the Executive Assistant to the MD & CEO that the report will be release early next week, not this week.

[carpets]

Here we go......
Just jumped in at 49c
Jeez I hope it's all good news tomorrow :22_yikes:

Are you buying with the hope that SBM will rally further with this report? Thats a pretty big gamble. Does anyone roughly know what the report is going to be about?

[BraceFace]

Are you buying with the hope that SBM will rally further with this report? Thats a pretty big gamble.

That's right, it certainly is a gamble.
I wouldnt say its a big gamble. This company's share price is likely to fly off the handle with even the slightest hint of good news.

If it is bad news and things pull back, I'll take it on the chin, learn a lesson and then proceed to gamble my money on some other small cap mining exploration company that takes my fancy.

When you put money into companies like this it is always going to be a gamble. It's just how it is.

If I didn't want to gamble I'd put my money into Rio or Newcrest or something else in the "Blue Chip" set and sit on it.

[saichuen]

That's right, it certainly is a gamble.
I wouldnt say its a big gamble. This company's share price is likely to fly off the handle with even the slightest hint of good news.

If it is bad news and things pull back, I'll take it on the chin, learn a lesson and then proceed to gamble my money on some other small cap mining exploration company that takes my fancy.

When you put money into companies like this it is always going to be a gamble. It's just how it is.

If I didn't want to gamble I'd put my money into Rio or Newcrest or something else in the "Blue Chip" set and sit on it.

Sometimes you win, sometimes you lose. That's what trading is all about, right? :D

[chicken]

That's right, it certainly is a gamble.
I wouldnt say its a big gamble. This company's share price is likely to fly off the handle with even the slightest hint of good news.

If it is bad news and things pull back, I'll take it on the chin, learn a lesson and then proceed to gamble my money on some other small cap mining exploration company that takes my fancy.

When you put money into companies like this it is always going to be a gamble. It's just how it is.

If I didn't want to gamble I'd put my money into Rio or Newcrest or something else in the "Blue Chip" set and sit on it.
GAMBLE you said..well rubbish I say why...the GOLD assets bought from SWG were indeed a hugh bonus for SBM..why...well SBM is now SWG without the hedgebook..SBM makes $$$ SBM has $$$ in the bank SBM has good Gold deposits SBM produces...not talk like others...SBM have a landbank of 14Ksq KM...and SBM will start producing Nickel in 2007...and if the Sullivan will be like the cosmo....what would the sp be worth..I hedge my bet with SBM after all so far they are delivering the goods..some one is accumilating all the shares they can get..after all as GOLD goes up so will SBM..its ready for another run..you will see Chicken is right :2twocents

[nizar]

i agree with u chicken..

They have 9.5m oz of gold in reserves!!!!

Heaps of potential...

[saichuen]

i agree with u chicken..

They have 9.5m oz of gold in reserves!!!!

Heaps of potential...

i hope you mean gold resources (including reserves) as of 30-Sep-2005.
http://www.stbarbara.com.au/page.php?page=82

;)

[BraceFace]

GAMBLE you said..well rubbish I say why...


it's all relative chook-man!
Compared to Blue chips, SBM is a gamble.

I hope you are right with everything you have posted on this forum about SBM. If you are, then indeed I stand to make a squid on this.

[trader]

It is definitely going to be good news coming out , market down 70 points- gold down 20 dollars , DOM which is other gold company down 20 cents ( 15 % ) yet SBM is down less than 5% normally their share price would have
gone down maybe as much as 8 cents.

[dwecke2000]

I think chicken is full of it.He should stick to ZFX. :swear: :eek:

[johnno261]

I think chicken is full of it.He should stick to ZFX. :swear: :eek:

DWECKE2000, dont worry about Mrs.Barbar's mine or chicken,Gibbos gonna get smashed!!!!!

[dwecke2000]

Who's tha gibbo?

[GreatPig]

Who's tha gibbo?
MGX probably.

[justjohn]

Who's tha gibbo?
Come clean dwecke 2000 are you the chicken because you carry on about SBM on another forum saying its going to go through the $1 mark just like our chicken does :fu:

[trader]

Trader I heared that Brokers are trading in a circle to keep the price down or increase the price...I am getting an article from a friend and this could be circular trading happening...a broker buys the shares from the other broker and in turn that broker buys from him...anyway as soon as I get the article on circular trading I shall post it :2twocents

Have had an explanation from ASX in regards to the small orders going
through , it is a algorithmic computer program ( whatever that means ) that
automatically sells the shares eg ( someone trying to unload 400000 shares
gets the computer to sell small parcels at 3 minute intervals. This doesn't
have so much impact and because of the order size they save on brokerage.

[chicken]

Come clean dwecke 2000 are you the chicken because you carry on about SBM on another forum saying its going to go through the $1 mark just like our chicken does :fu:
Justjohn yes I use dwecke2000 on other boards but here its chicken..and yes I beliefe that it will hit my target of $1....SBM will start producing NICKEL in 2007 as wellas GOLD after all SWG shares went to $10 and SBM is now the old SWG without the hedgebook...and a great team of managers who know what they are about.....see the article from Shares in MAY 2005 by Mr TIM TREADGOLD....it was all explained there...this one has still a great upside.....and also their exploration ground in the Goldfields of Western Australia...see the new appoinment of Mr Bailey...they are getting calibre staff...I am in as this year will be a great ride on SBM :2twocents
Share will move north with the next news from the company

[bvbfan]

SGW went to $10 based on the tantalum and because they were the major producer in the world.
The gold assets were choking them along with the hedgebook

I think SBM will consolidate around 40c area before it goes anywhere.
$1 is not out of the question but they'd need to have good cost controls

I have not followed SBM for a few years now

[chicken]

SGW went to $10 based on the tantalum and because they were the major producer in the world.
The gold assets were choking them along with the hedgebook

I think SBM will consolidate around 40c area before it goes anywhere.
$1 is not out of the question but they'd need to have good cost controls

I have not followed SBM for a few years now
We may not have tantalum....but in its place we will have NICKEL..which certainly is a more profitable metal...if you have not followed this stock go to www.stbarbara.com.au have a look...as far as youi predicting the price without a research..well that talks for itself..DO YOUR RESEARCH first :D

[carpets]

We may not have tantalum....but in its place we will have NICKEL..which certainly is a more profitable metal...if you have not followed this stock go to www.stbarbara.com.au have a look...as far as youi predicting the price without a research..well that talks for itself..DO YOUR RESEARCH first :D
Nickel in 2007, not yet. Looking at the graph, its still in that upward trend since the start of 05. I think for the short term, I agree that it will consolidate around the 40c mark before further gains. Its come of its high of 49.5c, could be good to wait until it breaks above that mark. Longer term prospects look promising. $1, achievable; $10, unrealsitic in <5years.

[trader]

After next tuesday you will not see this stock below 50 cents again,
they stockpiled over 12,ooo oz of gold from last quarter and will have produced over 60,000 oz and gold keeps on going up.

[carpets]

After next tuesday you will not see this stock below 50 cents again,
they stockpiled over 12,ooo oz of gold from last quarter and will have produced over 60,000 oz and gold keeps on going up.

Well I suppose thats good, why next tuesday? is that when the report is coming out?

[trader]

Well I suppose thats good, why next tuesday? is that when the report is coming out?

I think so , normally tues or thurs but thursday is aussie day, but then
again it could be monday.

[BraceFace]

After next tuesday you will not see this stock below 50 cents again.


That's a very big statement......
I reckon some people might have said similar things about SWG many years ago.
Let's hope you are right.

It's ok Chicken - you dont have to tell us all again how SBM is different from SWG or what Mr Tim Treadgold told us. We get the idea.

[chicken]

That's a very big statement......
I reckon some people might have said similar things about SWG many years ago.
Let's hope you are right.

It's ok Chicken - you dont have to tell us all again how SBM is different from SWG or what Mr Tim Treadgold told us. We get the idea.
HI there...now did anyone see the last sales of 400000 shares after hours 4.15pm some one bought those at 48.5 cents....I wonder if he heared something on the grapevine....also see Huntleys report on MGX....makes intresting reading.......cheers everyone.....

[johnno261]

Chicken wer'e 400,000 MGX purchased at 48.5 cents?

[nizar]

hmmm, i cant seem 2 see the 400k here, a couple of 100k though...

20-01-2006 04:15 PM $0.485 117 $56.745
20-01-2006 04:15 PM $0.485 64000 $31,040.000
20-01-2006 04:15 PM $0.485 50000 $24,250.000 Crossed
20-01-2006 04:15 PM $0.485 10000 $4,850.000
20-01-2006 04:15 PM $0.485 100000 $48,500.000
20-01-2006 04:15 PM $0.485 142716 $69,217.260
20-01-2006 04:15 PM $0.485 13800 $6,693.000
20-01-2006 03:59 PM $0.470 24723 $11,619.810
20-01-2006 03:57 PM $0.475 5277 $2,506.575
20-01-2006 03:57 PM $0.475 24723 $11,743.425

[chicken]

Chicken wer'e 400,000 MGX purchased at 48.5 cents?
I said 400000 shares were bought in SBM after hours....at 48.5 cents I said read the article by Huntleys....on MGX as they GOT A BUY on them and value them at $1.09 that stock was oversold... :D

[TheAnalyst]

hmmm, i cant seem 2 see the 400k here, a couple of 100k though...

20-01-2006 04:15 PM $0.485 117 $56.745
20-01-2006 04:15 PM $0.485 64000 $31,040.000
20-01-2006 04:15 PM $0.485 50000 $24,250.000 Crossed
20-01-2006 04:15 PM $0.485 10000 $4,850.000
20-01-2006 04:15 PM $0.485 100000 $48,500.000
20-01-2006 04:15 PM $0.485 142716 $69,217.260
20-01-2006 04:15 PM $0.485 13800 $6,693.000
20-01-2006 03:59 PM $0.470 24723 $11,619.810
20-01-2006 03:57 PM $0.475 5277 $2,506.575
20-01-2006 03:57 PM $0.475 24723 $11,743.425

Have you got a link to that info or a source nizar...would be much appreciated

[chicken]

hmmm, i cant seem 2 see the 400k here, a couple of 100k though...

20-01-2006 04:15 PM $0.485 117 $56.745
20-01-2006 04:15 PM $0.485 64000 $31,040.000
20-01-2006 04:15 PM $0.485 50000 $24,250.000 Crossed
20-01-2006 04:15 PM $0.485 10000 $4,850.000
20-01-2006 04:15 PM $0.485 100000 $48,500.000
20-01-2006 04:15 PM $0.485 142716 $69,217.260
20-01-2006 04:15 PM $0.485 13800 $6,693.000
20-01-2006 03:59 PM $0.470 24723 $11,619.810
20-01-2006 03:57 PM $0.475 5277 $2,506.575
20-01-2006 03:57 PM $0.475 24723 $11,743.425
That lot you got there is 380633 well what is the difference its nearly that amount..count it yourself......looks as something is up.....looks good to me

[nizar]

yeh u right chicken...

very positive sign...

analyst: its from my broker, u cant get in unless ur a client of westpac... but check last 10 trades for SBM from ur broker and it should b there...

https://private.broking.westpac.com.au/do/lastTrades

[TheAnalyst]

yeh u right chicken...

very positive sign...

analyst: its from my broker, u cant get in unless ur a client of westpac... but check last 10 trades for SBM from ur broker and it should b there...

https://private.broking.westpac.com.au/do/lastTrades

I am with avcol broking...but bank with westpac...is there any benefit to having the same account with the same westpac broking account??

[chicken]

I am with avcol broking...but bank with westpac...is there any benefit to having the same account with the same westpac broking account??
Analyst ,as accountant you should know LOLOLOLOLOLOL :D

[TheAnalyst]

Analyst ,as accountant you should know LOLOLOLOLOLOL :D

avcol charge $19.85 a trade and there were some problems with the bank brokers some yrs ago if you heard...you couldnt put an at market buy or sell and you would just get moved out the way for one of there larger clients..so people tended to avoid them...dont know if they have changed but in the dot.com era that was a lot of money as well as westpac charging $30 a minimum trade

[chicken]

avcol charge $19.85 a trade and there were some problems with the bank brokers some yrs ago if you heard...you couldnt put an at market buy or sell and you would just get moved out the way for one of there larger clients..so people tended to avoid them...dont know if they have changed but in the dot.com era that was a lot of money as well as westpac charging $30 a minimum trade
Funny you just answered your own question..and ask these on the general board...this is the SBM board.....I suppose you bought a $1000 in shares in SBM now or you still wanting to buy in...????? man you are going to be rich..LOLOLOLOLOLO :D

[pete152]

Here is the chart( if it works).
I thought i would try posting charts.
Cheers,
Peter

[saichuen]

Have you got a link to that info or a source nizar...would be much appreciated

try this link... and just type SBM...

http://www.stocknessmonster.com/

cheers!

[TheAnalyst]

try this link... and just type SBM...

http://www.stocknessmonster.com/

cheers!

thx saichuen

[tony2252]

What is the go with the 7 trades at 4.15pm on friday. How do these trades happen after close. Trades up to 4pm were around 47. These 7 trades were 48.5.

[TheAnalyst]

What is the go with the 7 trades at 4.15pm on friday. How do these trades happen after close. Trades up to 4pm were around 47. These 7 trades were 48.5.

Yer...anyone up to date with after close trades...usually overseas buyers

[crackaton]

You will find out tommorrow . lol

[123enen]

The market doesn't really close at 4.00 pm. It closes at 4.15pm.
Trading stops at 4.00pm in preparation for an "auction" that takes place at 4.15pm. You can enter bids etc. between 4.00 and 4.15 but if you do you should understand the closing auction process.
This closing auction sets the close price. Something like the morning auction that sets the open price.

http://www.asx.com.au/investor/education/basics/trading_hours.htm

[tony2252]

Things seem to moving very slowly this morning if the annoucement is tuesday.
I would have thought more people would be jumping in if the news is as good as people are saying its going to be.

[carpets]

Things seem to moving very slowly this morning if the annoucement is tuesday.
I would have thought more people would be jumping in if the news is as good as people are saying its going to be.

There would be some who are gambling on the news, and who would have already bought in since the news is very soon. Perhaps there are many others who are just waiting on the sideline to see how the market reacts to the news. Patience is a virtue...

[saichuen]

given the fact that there's so much anticipations on the upcoming quarterly report, i reckon there can only be two possible outcomes thereafter...

(1) if it is a positive news, then the sp will surge and settle down back to just above the $0.50 - $0.55 mark
(2) if it is a neutral news, then those who has bought in for the good news will start selling off and this may push the sp down as far as $0.40

that's just my view. anyone care to comment here?

cheers!

[carpets]

given the fact that there's so much anticipations on the upcoming quarterly report, i reckon there can only be two possible outcomes thereafter...

(1) if it is a positive news, then the sp will surge and settle down back to just above the $0.50 - $0.55 mark
(2) if it is a neutral news, then those who has bought in for the good news will start selling off and this may push the sp down as far as $0.40

that's just my view. anyone care to comment here?

cheers!

Sounds pretty valid based on the current position, I doubt it will be
negative news.

[crackaton]

Big day coming up! Gold hovering silver rising, ann due. Should rocket past .55

[tony2252]

Its gone so quiet on the sbm thread. Not a post for most of the day!

1 big buyer at 47 for 500000 but that was about it. Anyone have any idea whats happening?

[Ann]

Waiting , waiting..... yawn!

[justjohn]

Where is everyone? No report, no chicken. Hope he hasnt got this bird flu. If he has he's gooooone.
Its gone so quiet on the sbm thread. Not a post for most of the day!

1 big buyer at 47 for 500000 but that was about it. Anyone have any idea whats happening?

[trader]

SBM starting to run, positive ann must be imminent.

[crackaton]

Tommorrow will be a fun day!!

[trader]

Tommorrow will be a fun day!!

Isn't the market closed tomorrow?

[dutchie]

Yeah

Crackaton is just going to have a good time celebrating Australia Day.

[Narkov]

Yup, closed tomorrow. They must report by the 31st I'm told. That only leaves three trading days - Friday, Monday and Tuesday.

[Narkov]

Set a new 52wk high right on the bell. Warming up those party hats.

[chicken]

Set a new 52wk high right on the bell. Warming up those party hats.
Looks as if I have predicted right.....ready for a large breakout on the technical..hold onto your seatbelts as someone must know something...like ZFX ,SBM is going to fly as well...cheers Chicken

[crackaton]

Nice article today in the Australian concerning a company whose gold mines were bought by SBM. Next week should be interesting to say the least.

[clowboy]

Where is this supposed announcement that was meant to be out early this week?

Has anyone who emailed them previously tried to find out what is going on?

Would love to know if anyone is in the know :)

[Some Dude]

Crikey also has an article (http://www.crikey.com.au/articles/2006/01/27-1553-9849.html) referring to the Australian articles.

Darren

[trader]

Its only an old story of SBM buying Sons of Gwalia gold mines not any
new mines , as far as the ann is concerned maybe the bastards being on
holidays.

[BraceFace]

Where is this supposed announcement that was meant to be out early this week?

You guys should be more patient..... :)
Next week boys, next week....

You know when you put your money down on Red and that darn roulette ball just keeeeeeps spiiiiinnning and spiiiinnnning, and just refuses to drop into that slot..........
Same kind of anticipation huh?
Sooner or later somethings gotta happen. (Hopefully not black) :eek:

Chicken, by this this time next week, I'm predicting most subsrcibers to this thread will either be
a. Kissing your proverbials.
b. Wanting to cut off your proverbials.

No More Bets Gentlemen....

[chicken]

You guys should be more patient..... :)
Next week boys, next week....

You know when you put your money down on Red and that darn roulette ball just keeeeeeps spiiiiinnning and spiiiinnnning, and just refuses to drop into that slot..........
Same kind of anticipation huh?
Sooner or later somethings gotta happen. (Hopefully not black) :eek:

Chicken, by this this time next week, I'm predicting most subsrcibers to this thread will either be
a. Kissing your proverbials.
b. Wanting to cut off your proverbials.

No More Bets Gentlemen....
I love your post...I prefer a not b....I think we got the mix right..as SBM was once $2.80...a good announcement will drive this share a lot higher.....and Sam..next time I will be in Melbourne love to have a beer..yes DOC.looks as if we are in the money..this looks another Melbourne Cup winner..wish I had more shares in it..only now 200K..but if it explodes..which I think it will we are going to be comforatible...good luck to all holders..I am watching the action.....also DOC check out BMX....another one which is going skyward..rea and research..might be a great one to put your money..I have bought..one of RICH KIDS picks..thats coming in as well...NOW PRODUCING..... :2twocents

[crackaton]

We should take odds on when this ann comes out, my guess is tuesday arvo..

[trader]

We should take odds on when this ann comes out, my guess is tuesday arvo..

I hope that you are right, by Tuesday arvo their share price will be above 60 cents, already looking strong this morning.

[Narkov]

Report just released. Going through it now.

[Narkov]

Have I got this right....moderate production increase, significant cost reductions per ounce and increasing gold price = good times?

[trader]

I don't agree, not as good as I was hoping for, have sold down.
Gold production down on forecast, cost $20 an oz higher than last quarter.

[nizar]

yeh i agree, report didnt impress me. the market didnt seem 2 like it either...
im thinking of selling my holdings...

[crackaton]

Leaving the party early guys? Oh well good luck.

[chicken]

After reading the report well, I am quite happy with it as SBM is still trying to keep a low profile after all its only since last April2005 SBM took over the Gold assets..the next news in March re Nickel in the Sullivans will tell a different story..after all the SP has appreciated 400% so far and Edshuys runs a tight ship...once the 12 months have gone by we will see more coming out of SBM...as far as their production..they said it was in line of 175000 ozs of Gold...and Nickel will come in 2007 in the equasion...easy does it....one has to read the report a few times before it all filters in..also there is $38million coming to SBM in february from assets sales....which was only mentioned briefly...I am quite prepared to hold as I can see a much better price for the shares.... :2twocents

[saichuen]

oh well, it looks like the quarterly report doesnt seems to 'impress' most as it doesnt quite live up to the 'expectation' eh? :D

nonetheless it is still a fairly decent report if you take out this 'expectation' from the equation. production is still on schedule, asset sales is due by mid Feb, cost is slightly higher but not blown out, Leonora feasibility study is on the way to bring forward production from Tarmoola and Gwalia deeps to Jan 2007, etc.

so it appears that SBM is taking a rather conservative approach here and taking it easy. it still probably has an upside potential in 2006 since we are only one month into this year.

so, to hold or to move on, it all depends on your trading style and expectation ahead i guess. :2twocents

cheers!

[justjohn]

Well the party is over for the time been it seems .No fastening of seatbelts or 1.2.3.take off or hang on and enjoy the ride is taking place at present.Poor old SBM is on the back burners after being the star for so long,it seems no one wants to be associated with SBM .Although the report wasnt what we expected .As Saichuen said it was rather conservative but the main thing is it wasnt negative so instead of bursting through the $1 mark we must have patience & slowly progress forward .Also well done chicken on your drive with SBM most of us are sitting on a healthy profit ,I JUST KNOW THE SNIFF OF GOOD NEWS AND YOU WILL BE OFF AGAIN.
oh well, it looks like the quarterly report doesnt seems to 'impress' most as it doesnt quite live this stock take a less it is still a fairly decent report if you take out this 'expectation' from the equation. production is still on schedule, asset sales is due by mid Feb, cost is slightly higher but not blown out, Leonora feasibility study is on the way to bring forward production from Tarmoola and Gwalia deeps to Jan 2007, etc.

so it appears that SBM is taking a rather conservative approach here and taking it easy. it still probably has an upside potential in 2006 since we are only one month into this year.

so, to hold or to move on, it all depends on your trading style and expectation ahead i guess. :2twocents

cheers!

[Narkov]

Poor old SBM is on the back burners after being the star for so long,it seems no one wants to be associated with SBM .

I don't know what market you are watching but I strongly disagree that SBM is on the back burners. Up 3% today. The news is great but not excellent. Hardly cause for any negative sentiment.

[tony2252]

Well the party is over for the time been it seems .No fastening of seatbelts or 1.2.3.take off or hang on and enjoy the ride is taking place at present.Poor old SBM is on the back burners after being the star for so long,it seems no one wants to be associated with SBM .Although the report wasnt what we expected .As Saichuen said it was rather conservative but the main thing is it wasnt negative so instead of bursting through the $1 mark we must have patience & slowly progress forward .Also well done chicken on your drive with SBM most of us are sitting on a healthy profit ,I JUST KNOW THE SNIFF OF GOOD NEWS AND YOU WILL BE OFF AGAIN.

sounds to me that you paid to much for sbm and there are some sour grapes... sbm traded up today take your money and run big bad john

[crackaton]

I'm out not impressed with overall sentiement or trades last few days. Might come back later,

[justjohn]

the back burners of the aussie stock forum not the markets
I don't know what market you are watching but I strongly disagree that SBM is on the back burners. Up 3% today. The news is great but not excellent. Hardly cause for any negative sentiment.

[justjohn]

tony 2252 theres no sour grapes Ive just noticed how the bullish nature of this thread has fizzed out since the report.i dont think 47c is to much for this stock especially when there is no negativeness around SBM but Tony you know patience is one of my best qualities
sounds to me that you paid to much for sbm and there are some sour grapes... sbm traded up today take your money and run big bad john

[etrader1]

The party has just started imo. I closed my position today to take profit but I have been trading SBM way back from 9cents. SBM has been very good to me with all trades profitable so far. So SBM will always be on my watchlist. I'm sure there will be an opportunity to buy in again.

Cheers!

[BraceFace]

So is anyone brave enough to hold on to SBM for now with the hope of more upside in months to come?

....or is everyone jumping ship here?

If you are jumping ship, where are you reinvesting your money - I would assume it would be somewhere with a greater perceived upside than SBM.

I'm going to hold myself.
There will be another report in 3 months....

[GreatPig]

Wisely or otherwise, I just recently bought in.

Cheers,
GP

[clowboy]

Im holding and will increase wieghting when it gets to 60cps

[jet-r]

same here, im holding on and see how the market will respond to the $38m asset sale adds to the balance sheet in Feb.

[chicken]

So is anyone brave enough to hold on to SBM for now with the hope of more upside in months to come?

....or is everyone jumping ship here?

If you are jumping ship, where are you reinvesting your money - I would assume it would be somewhere with a greater perceived upside than SBM.

I'm going to hold myself.
There will be another report in 3 months....
Hi Doc,thought it might have gone higher BUT 30% for the months great...I am still holding as GOLD rises so willSBM...I have done very well with this stock..and Sons of Gwalia are squeeling that those assets were sold I still maintain we were lucky to have got them...the company was at the right place at the right time and the maijor shareholder had a hand in it as well to facilitate the transaction...they are doing very well after they sod down there 6% and the rest is profit..and looks as if they are not selling..so I can see a higher SP...and I have send an Email asking when we get an update re the Sullivans....as Nickel will cost a lot more in 2006..and will certainly propel it higher.....IMHO

[trader]

So is anyone brave enough to hold on to SBM for now with the hope of more upside in months to come?

....or is everyone jumping ship here?

If you are jumping ship, where are you reinvesting your money - I would assume it would be somewhere with a greater perceived upside than SBM.

I'm going to hold myself.
There will be another report in 3 months....

Their cash cost have gone up from $346.00 to $488.00 that means that gold
grade has massively decreased also production has dropped below forecast.
Now their forecast for next quarter is even worse with cash cost going up
to $520.00 per oz.This quarter they lost aleast 3 million dollars so next
quarter their loss will be even higher.Things get better by June if their
forecast is right and that is really what you are betting on. As for the short
term maybe they will release some positive news and that might have an
impact on share price but as far as I'm concerned not holding much anymore
and can see much better short term prospects ( brought 200,000 ags shares )
But everone needs to do the own research.
PS don't count on them getting to much cash from their assets sales I think
$9 million in total

[chicken]

After reading the report well, I am quite happy with it as SBM is still trying to keep a low profile after all its only since last April2005 SBM took over the Gold assets..the next news in March re Nickel in the Sullivans will tell a different story..after all the SP has appreciated 400% so far and Edshuys runs a tight ship...once the 12 months have gone by we will see more coming out of SBM...as far as their production..they said it was in line of 175000 ozs of Gold...and Nickel will come in 2007 in the equasion...easy does it....one has to read the report a few times before it all filters in..also there is $38million coming to SBM in february from assets sales....which was only mentioned briefly...I am quite prepared to hold as I can see a much better price for the shares.... :2twocents
The sales of some assets is good as SBM cannot mine everything and having shares in these assets is a positive as should they wish the assets can be bought back as SBM as largest shareholder is fully advised what is happening..I keep holding why..as stated before NICKEL looks to be a play this year and in any news SBM sp will rise.... :2twocents

[trader]

Well maybe I'm wrong about the lack of profit they are going to make,
they spent $100,000 buying their own shares back or are they trying to keep
the price up.

[trader]

Something going on, 95 million shares traded in one order. Price jumps up
2 - 3 cents and a hugh increase in buyers . Takeover ?

[Narkov]

Somethings a brewing...

Time Price Quantity
1:34:09 PM 0.500 15500000

[trader]

Somebody has just brought 18 % of the company .

[Narkov]

Somebody has just brought 18 % of the company .

19.99% is the magical number isn't it? I.E. takeover?

[crackaton]

Special crossing. Very interesting. Not sure it is a takeover. Worth watching.

[Narkov]

Forgive my ignorance...that would mean one existing substantial holder has sold a parcel (possibly all their parcel) to someone else.

The only substantial holder with 18%+ of the company is Resources Capital Fund according to my data. So they have sold out...but to who I wonder?!!

[crackaton]

Good question. An announcement may be imminent??

[trader]

Well I'm back in just in case, they brought 110,000,000 shares at 50 cents
I would have thought they would have got more of a discount. SBM have
hardly ever traded above this figure, so they must know something that we
don't.

[Narkov]

Does anyone know how long they have to produce the substantial holding notice?

[crackaton]

Also noticed the daily share buy back notice day before. Something is a foot.

[trader]

ANN coming now.

[crackaton]

Should be interesting

[Narkov]

110.5M shares bought by "institutional investors".

[justjohn]

it must be the chicken trying to get sbm moving again :fan
110.5M shares bought by "institutional investors".

[crackaton]

What a dud. Think I might sit on the sidelines with this one

[crackaton]

Including the 95 million shares issued SBM only have 619 million shares on issue.

PLUS, they are chasing 100 million + in the buy back.

So today nearly 20% of the scrip has changed hands.

Anyone smell something corporate happening?

[Narkov]

I may be reading a little too much into this but if institutional investors are buying in there must be some value there??!!

[crackaton]

Nice little dip to .505 let the games begin!!

[Narkov]

Nice little dip to .505 let the games begin!!

Your not wrong. Was up 7%, then 0%, then 1,3,4%. All in the space of an hour or so.

[chicken]

it must be the chicken trying to get sbm moving again :fan
Come on you technicals..THIS IS A VOLUME SPIKE>>>>>>Another words..a hugh BUY signal....what more can I say...friend of mine a Techno said..all the way to $1 now.....blue sky ahead....great..... :2twocents

[Narkov]

Come on you technicals..THIS IS A VOLUME SPIKE>>>>>>Another words..a hugh BUY signal....what more can I say...friend of mine a Techno said..all the way to $1 now.....blue sky ahead....great..... :2twocents

Without a doubt chicken. I think $1 is a long term (6-12 months) outlook but in the short term I think 70 cents is VERY achieveable. Heck, 70 cents may be achieveable by COT Friday week.

[chicken]

Without a doubt chicken. I think $1 is a long term (6-12 months) outlook but in the short term I think 70 cents is VERY achieveable. Heck, 70 cents may be achieveable by COT Friday week.
Now with the INSTO involvement..must agree with you...this could be 70c in the next 2 weeks...very likely..great I love it...... :2twocents After all everyone loves a winner dont they.......BMX is another one on the rise..bought in at 31cents...now 42cents.....

[crackaton]

That's right chook. I've been watching BMX and its moving nicely!!

[chicken]

With GOLD going higher and that super spike...after talking to my Techno friend..He said that by looks of things on the technicals....IT IS GOING TO BE THE FLAVOUR OF THE MONTHS....other INSTO will now look and buy...I wonder who the buyer was we should know soonest........look where the price of SBM was in 1993......$2.80......check it out yourself its on the climb and has overcome all resistance...on the technical....... :2twocents

[chicken]

With GOLD going higher and that super spike...after talking to my Techno friend..He said that by looks of things on the technicals....IT IS GOING TO BE THE FLAVOUR OF THE MONTHS....other INSTO will now look and buy...I wonder who the buyer was we should know soonest........look where the price of SBM was in 1993......$2.80......check it out yourself its on the climb and has overcome all resistance...on the technical....... :2twocents
The buying depth is building nicely..will open higher today......

[MalteseBull]

Selling Volume outweights Buying Volume now!!

[saichuen]

Selling Volume outweights Buying Volume now!!

should i panic and start selling as well? :D

it looks more like someone is just selling of some shares for profit taking perhaps.

happy trading!

[carpets]

Looks like a tough time for those holding, but from my perspective I'm happy for it to keep going down! great buy opportunity!

[Narkov]

looks like a tough time for those holding, but from my perspective im happy for it to keep going down! great buy opportunity!

Without a doubt. I have increased my position. It will correct within a week.

[crackaton]

wheres chook? is his feathers ruffled?

[jet-r]

Its the macro environment thats dragging down the SP. just look around and u will find that every single resource stock got pounded recently. I think its just a healthy adjustment.

[justjohn]

thats right jet another day of this will put some real value into the market :iagree:
Its the macro environment thats dragging down the SP. just look around and u will find that every single resource stock got pounded recently. I think its just a healthy adjustment.

[BraceFace]

wheres chook? is his feathers ruffled?

I think you'll find him over at another forum under a different alias pumping up SBM.
I seriously doubt he is ruffled at all....
In the interests of forum etiquette, I will not name the other forum.
Lets just say, the chook is alive and well. :)

[carpets]

this is not news on SBM but on gold in general, found it pretty interesting:

"Gold and gold stocks have been overextended now for weeks. In fact, since the the early 1980's, they've NEVER been this overextended. Hedge funds, daytraders, and even Jim Cramer, started to pile into gold stocks in December.

Gold is doing now what all bull markets do when they get overbought - it is correcting. Yes, the correction is likely to continue. But this correction is likely to be different than the ones we've seen over the past few years in the gold market.

Why different? Well, Gold is now in stage two of its bull market. This is when the general public starts to recognize that a bull market is real. Stage two is the longest and most profitable stage of a bull market, however it has wicked and violent corrections. The corrections are sharp, but they are also a lot quicker than the corrections that come in stage one. They last weeks instead of months.

They also shake out the people who don't really know what they are doing. This prevents most people from making money despite the fact that the bull market is real. When this correction is over gold is going to go up again at an even faster rate than it has the past few weeks. Gold will be way above 600 by the end of the year and the right gold stocks will double."


An encouraging message to hang on to those gold stocks! Short term pain for long term gain... :chainsaw:

[crackaton]

I suggest everyone bail from all gold stocks tommorrow or at the earliest possible time.

[chicken]

I suggest everyone bail from all gold stocks tommorrow or at the earliest possible time.
You sell I am ready to buy more...Dr.H yes I am well...and doing better everyday..just think where SBM will be by Xmas....did you notice the directors buying..does that not tell you something...? :2twocents

[carpets]

I suggest everyone bail from all gold stocks tommorrow or at the earliest possible time.

on what basis? For those trading, possibly. But for those investing, the market is correcting, awaiting further gains in the future. I think to sell at a loss now would not be in the best interest. how much further can SBM go? 45c? 40c? i think HOLD and look for further BUY opportunities.

[chicken]

on what basis? For those trading, possibly. But for those investing, the market is correcting, awaiting further gains in the future. I think to sell at a loss now would not be in the best interest. how much further can SBM go? 45c? 40c? i think HOLD and look for further BUY opportunities.
Possibly 45cents to be the lowest...great buying opportunity......gold will fire again maybe sooner than what people think.....

[crackaton]

They are simply trying to stave off a take-over. Doubt it will work well.

[brerwallabi]

I suggest everyone bail from all gold stocks tommorrow or at the earliest possible time.
Are you going to answer the question you were asked - what basis???
We are waiting.

[nizar]

If SBM goes any lower it will be a great buying opportunity...

EVERYBODY right now seems to be bullish on gold, and i dont mean average joes, but economists and analysists and people in the know...

SBM has 3 very positive signs right now:
1) instos buying: these guys have heaps of resources and buy into companies based on research
2) share buy-back: the company thinks its own shares are a good investment plus its a great way to lift eps
3) directors and chairman buying: insiders know the company best

im looking to accumulate this one at these sub-50s levels...

whether sbm is a good buy right now isnt even debatable...

[justjohn]

Nizar you better start accumulating SBM .46c and going down faster than the TITANIC :swear:
If SBM goes any lower it will be a great buying opportunity...

EVERYBODY right now seems to be bullish on gold, and i dont mean average joes, but economists and analysists and people in the know...

SBM has 3 very positive signs right now:
1) instos buying: these guys have heaps of resources and buy into companies based on research
2) share buy-back: the company thinks its own shares are a good investment plus its a great way to lift eps
3) directors and chairman buying: insiders know the company best

im looking to accumulate this one at these sub-50s levels...

whether sbm is a good buy right now isnt even debatable...

[arco]

I think we are looking at an a,b,c retracement now.

This chart were posted on another forum awhile back and is a
few days/weeks old but it should give an idea of the possible
EW count in progress. (I will try to post an up to date chart later).

http://www.khalsaspad.com/files/sbm011006_196.gif

GTA - arco

[MalteseBull]

sell out of Gold!!!

SBM taking another hammering!!

[Narkov]

sell out of Gold!!!

SBM taking another hammering!!

I really don't think it's worth panicking about. Gold will recover. SBM will definately recover.

You talking it down to buy in? :)

[arco]

Heres the updated chart as promised..........

GTA - arco

[crackaton]

Time to bail from all gold, tonite will be slaughter time.

[nizar]

Heres the updated chart as promised..........

GTA - arco

thx for that but can u plz explain what it means...

are u saying sbm sp will fall btw 38-45 ??

[arco]

Hello Nizar

Yes that is a possibility IMO.

The up trend line is the first place to watch for
possible support and a reversal signal.

SBM has had a long run north, and nothing
can rise vertically forever. There will always be
periods where the action pauses to take a breather..

regards - arco

[BraceFace]

Time to bail from all gold, tonite will be slaughter time.

Ok enough...
If you are going to make these kind of statements, then at least be courteous enough to give a reason for your conclusions...

Please explain why gold is going to get slaughtered when all creditable commentators seem to think otherwise.
Are you talking about a short term correction or a long term reduction in gold prices affecting the sector?

[Porper]

Time to bail from all gold, tonite will be slaughter time.

This is just the type of post you get on some other forums.Absolutely no meaning whatsoever.It amazes me how these people think they can influence prices for their own benefit.

Crackton, at least try and give some reason why you thought Gold would get "slaughtered" last night.It has risen a fair bit by the way ................Oh but you'll know that.:angry:

[wayneL]

Time to bail from all gold, tonite will be slaughter time.

Slaughter postponed!

Tonights intraday:

[chicken]

Hands up who bought..I did..buy in the dips I said the directors bought right and I thought Gold will bounce..most got caught and thought the downtrend started..I thought this is not so why....too much turmoil in the world...and CHINA holds the key.....gold will surprise..quote by wall street...anyway....looks like Chicken picked it right....GOLD UP..SBM UP...and wait we should have some Nickel results soon....looks as if we are going north again after all will try and win the share price competition this months..company bought more shares back....interesting I thought...... :2twocents

[crackaton]

OK chook. you keep your head today. lol

Hope no one panicked the last few days and sold.

Check out BGF as well holding nicely and MMN might pull something out of their behind soon.. (hopefully)

[BraceFace]

Hope no one panicked the last few days and sold.

Are you serious?
All of your last posts suggest SBM should be sold - and in a hurry, even though you have given no credible reason for your opinion.

Make your mind up and keep this kind of rubbish to other forums.
Is it just me, or do these kind of meaningless kind of posts irritate the hell out of everyone?
I'll get off my soapbox now.
Thanks

[Joe Blow]

Is it just me, or do these kind of meaningless kind of posts irritate the hell out of everyone?

They certainly irritate me and I have had a word to crackaton about it.

[chicken]

OK chook. you keep your head today. lol

Hope no one panicked the last few days and sold.

Check out BGF as well holding nicely and MMN might pull something out of their behind soon.. (hopefully)
keep my head...read my post and you may learn something...SBM is going higher yet..right....70cents next stop......believe it the chart tells me that. :2twocents

[saichuen]

OK chook. you keep your head today. lol

Hope no one panicked the last few days and sold.

Check out BGF as well holding nicely and MMN might pull something out of their behind soon.. (hopefully)

this seems to contradict with your earlier postings. really, if you dont stand fall anything, then you'll probably fall for everything. :D

despite the recent pullback/correction, i still see gold as bullish in the longer run.

:2twocents

[chicken]

go to www.gold-eagle.com Gold will range at present but read what they say..advisers are still on the positive side....up and down like a saw tooth... :2twocents

[chicken]

go to www.gold-eagle.com Gold will range at present but read what they say..advisers are still on the positive side....up and down like a saw tooth... :2twocents
Noticed the sp is starting to track positive...production this year is over 170000 ozs of Gold..and we should see 50c+ tomorrow as the Gold price is in positive territory...next stop 60c....this is great stock and I still like to know who bought those 95million shares at 50.5 cents...directors bought shares at 52cents...so we will see better prices yet see what is said on www.gold-eagle.com Colin Twgg of incredible charts posted Gold had formed a double bottom...now heading to $575 US...next target.... :D

[Narkov]

Makes you kind of feel sorry for the people who sold out - "get out of gold", "slaughter tonight"...etc. Oh well...their loss, our gain :)

[crackaton]

I'd really like to know if the US had a break last night? I noticed a lot a straight lines in the gold chart? Last time this happened lots of little trades were going on and POG dropped a lot. I could be wrong so don't stomp on me OK.

[brerwallabi]

Crack maybe they panicked and closed the market????
No, not really it was a long weekend there.

[chicken]

Anyone see the write up in mining magazine?...Ed said its all a go at the Gwalia mine and updates will be in March...looks great what they are doing...just thought in case you wanted to know..ED also said the company had delivered on all fronts :2twocents

[sam76]

Anyone see the write up in mining magazine?...Ed said its all a go at the Gwalia mine and updates will be in March...looks great what they are doing...just thought in case you wanted to know..ED also said the company had delivered on all fronts :2twocents

Here's the link.

http://www.minesite.com/storyFull5.php?storySeq=3336

The future is looking very, very good....

[chicken]

SBM made it into the ASX300 and Allords ST&Poore..... :2twocents

[shacara]

What effect do do think this will have chicken?

[chicken]

What effect do do think this will have chicken?
The funds buy in the ASX300..so a lot more buyers are wanting to buy...higher price etc

[crackaton]

The funds buy in the ASX300..so a lot more buyers are wanting to buy...higher price etc


Um I think the reason it has got to this high is because the funds have already bought in.

It won't really climb much further from here until something significant happens.

IMHO now is the worst possible time to be buying this one.

[chicken]

Um I think the reason it has got to this high is because the funds have already bought in.

It won't really climb much further from here until something significant happens.

IMHO now is the worst possible time to be buying this one.
I wonder Crackaton if you took the trouble in reading what Edshuys said see Sams thread..as far as buying this stock...I shall bet you we see $1 by year end...why..well read the threat posted by Sam..I say its a good buy as anything below 52cents is bought by SBM..they are buying back 56million shares..so go to the thread and read what was said by Sam.....

[sam76]

I wonder Crackaton if you took the trouble in reading what Edshuys said see Sams thread..as far as buying this stock...I shall bet you we see $1 by year end...why..well read the threat posted by Sam..I say its a good buy as anything below 52cents is bought by SBM..they are buying back 56million shares..so go to the thread and read what was said by Sam.....


That's right. read my post! :D

[Narkov]

Um I think the reason it has got to this high is because the funds have already bought in.

It won't really climb much further from here until something significant happens.

IMHO now is the worst possible time to be buying this one.

1) How could the index funds have already bought in when the announcement was only made today?

2) Being added to an index is significant. Very significant. It gives a lot of exposure.

3) Worst possible time? You got the "Time to bail from all gold, tonite will be slaughter time." call seriously wrong so I will take your advice as a strong buy signal.

[chicken]

Check out their announcements for 3.3.2006 re buyback and another BIG money fund has joined SBM as a large shareholder..this sets the tone..higher prices will follow..looks all hughly positive..I am still holding..... :2twocents

[Narkov]

Yup...I will increase my position (again) today. Looks promising.

[chicken]

Yup...I will increase my position (again) today. Looks promising.
Massive flag forming.on the chart.....how high will it run this time....looking great....Ann comment please

[bargain]

first post here. hi guys and girls.

I bought shares for the first time after reading this thread and doing some more research.

cheers chicken.

The idea of trading stocks, once seeming very boring to me, is now a source of daily excitement and interest to me. so thanks.

looking forward to the progress of this stock. bought in at 50c 2 or so weeks ago.

my current portfolio of under 3k could do with a nice kickstart :)

[It's Snake Pliskin]

first post here. hi guys and girls.

I bought shares for the first time after reading this thread and doing some more research.

cheers chicken.

The idea of trading stocks, once seeming very boring to me, is now a source of daily excitement and interest to me. so thanks.

looking forward to the progress of this stock. bought in at 50c 2 or so weeks ago.

my current portfolio of under 3k could do with a nice kickstart :)

Chicken,

It had better go up now! :22_yikes:

[It's Snake Pliskin]

Massive flag forming.on the chart.....how high will it run this time....looking great....Ann comment please
What do you read of the volume Chicken? :popcorn:

Money seems to be flowing back in after some offloading last month, though not compelling.

[chicken]

What do you read of the volume Chicken? :popcorn:

Money seems to be flowing back in after some offloading last month, though not compelling.
Dont you get it....SBM in ASX 300 and ALL ORD.....what it means the funds now can buy this stock...some funds or most of them you have to be in the ASX 300 or there about....margin lending will now also come into the equasion...and read SAMS report Ed Eshuys said there will be an update of Gold assets in late march to April....also we may get an update re Nickel deposits....and with Chase Morgan Bank in USA as a major shareholder SBM is looking better everyday to me.....thats why I say $1 will be got by Xmas...IMHO :2twocents

[Ann]

Hi Chicken,

I promise after this post to go away and stop annoying you today. Don't yell at me, you are scarey when you yell......but! I have been watching Standard & Poors and what happens to stocks when they either go on or come off the various lists for about 5 years. There is no hard and fast rule but there do appear to be similar characteristics in many stocks I have watched.

I don't know for a fact but it appears the companies are told or become aware they will be placed on an index about three months prior. I have marked the date of 8th December on the chart. You can see good action follow from then on.

A lot of the funds that would be most interested in this stock would be those investing in the Small Ordinaries Index.....these are the companies that form the bottom 200 of the S&P/ASX300 index. Most of these as best as I cn work out are independant investment groups who may well have their ears to the ground and may well have known about this up to three months ago and already bought in.

I see on the chart there is an Island Reversal pattern happening. This is a bearish signal. I identified an Island Cluster Reversal on BHP, WPL and RIO.

These companies are currently proving the strength of this pattern as an indicator of a retrace.

There is another aspect about SBM entering the 300 index......it will now make it vulnerable to the shortsellers as it will probably make it onto the lists of the CFD companies. We all know how shortsellers can feel the vulnerability of those who are in the money and choose to stay there. Any volume indication may be disguised by the CFD companies not covering the trades as well. So I say beware of the shortsellers they can smell blood!

[Ann]

Why didn't that chart load.....?

Please see previous page for my comments...

[Narkov]

I don't know for a fact but it appears the companies are told or become aware they will be placed on an index about three months prior.

I have the utmost respect for your opinion Ann but three months is an aweful long time in the life of a stockmarket. Any other examples you can show us?

[Ann]

Hi Narkov,

Yes there are lots I could show you where the price of a company has moved steadily upward for the 3 months preceeding its listing and then it tends to fall away in price.

I don't just see the price increase as proof that this has occured.I am basing my suspicions from the time of around the tech boom era. There were leaks all over the place for months about certain stocks going on to different indexes. I have just realized I am talking 1998-9, so I guess I have been watching for closer to seven years.

If you want to spend a bit of time looking for yourself, there is a huge list of new stocks that have gone onto the All Ords and the 300 index this review period....have a look for yourself...for a bit of fun. I haven't reviewed them all, as I am over the S&P index review. Boredom does eventually set in :)

S&P300:

Additions: GFF, AIHCA, BBW, SKICA, SPN, AUN, BMX, BTA, MFS, MMGCA, MPF, PXS, QGC, RAT, REU, RNYCA, SBM

All Ords:

Additions: GFF, AIHCA, BBW, SKICA, SPN, BMX, MFS, MMGCA, PXS, QGC, RAT, REU, RNYCA, SBM, ACL, AEXCA, AHE, AOE, ATR, AXQ, AZA, BEI, CHX, FZN, ILF, IRN, ITF, MDL, NHR, OPL, PPC, REA, REF, OLL, IBT, SEM, APZ, TGP, CDD, WCB, POH, DMP, AEZ, PGA, ESV, AQA, SYN, APD, MMS, BEC, CIFA

Hopefully none of these codes have been squewed...

[Narkov]

Aren't the events mutually inclusive? Price increases...enter index. There is no chance a stock will DROP and then enter the index. Maybe the rule for entry is you need steady/stable increase over the previous 3 months?

[Ann]

Hi Narkov,

As I understand it, a company will approach Standard & Poors to be included on the Index. They have certain requirements with regard the overall liquidity of a stock. If a stock has a very high market cap but is a very tightly held company it will not be eligible for listing, short term price movements are of no consequence. It is more to do with market cap and turnover.If a company's turnover drops away, this can get a company delisted from an index....

Here is the S&P description of the S&P/ASX 300 Index

The S&P/ASX 300 index provides additional depth and coverage to the S&P/ASX 200 while maintaining strict liquidity guidelines. It provides up to an additional 100 small-cap stocks to the S&P/ASX 200. Companies removed from the index will be replaced when a suitable candidate is available, or at the quarterly review. The S&P/ASX 300 does not necessarily contain 300 companies.

However the All Ords differs slightly in the liquidity requirements....

The All Ordinaries index is Australia's market indicator. The index represents the 500 largest companies listed on the Australian Stock Exchange. Market capitalisation is the only eligibility requirement of constituents, as liquidity is not considered, with the exception of foreign domiciled companies

Hope this helps :)

[Ann]

Sorry Chicken,

I keep going off topic on your threads. I apologize and do beg your pardon.

[It's Snake Pliskin]

Sorry Chicken,

I keep going off topic on your threads. I apologize and do beg your pardon.

Ann,

Thanks for the info.
Chicken doesn`t mind. :headshake

[nizar]

From my understanding...

WHen its announced a stock will enter asx300 or all ords, stock price will generally go up because people anticipate that it will go higher due to institutions buying...

WHen a stock actually enters an index, institutions (esp. index funds by definition) actually do buy the stock, pushing it up higher still...

Specific to SBM, its up to 55c today, on a day when gold went down... when gold recovers + nickel announcement comes, this one IMO will go higher, maybe to 60c before end of march...

[chicken]

Ann, you are a great help to everyone..as far as stepping on my toes..I have broad shoulders and been insulted by experts...so all I say is go for it because you are doing all of us a favour...as someone said me posting too much on a stock..gives it a kiss of death..so I try and read more and by that I discover I can still learn a lot..so Ann dont be shy because the board loves you..I just try and find more stock where people will make a $$$ and not lose money..after all I have still dogs in my portfolio which I am still feel embarrassed about..so just keep posting..thanks Ann :2twocents

[Narkov]

HY report just came out.

Revenues from ordinary activities up 116,067% to 53,437
Profit (loss) from ordinary activities after tax
reduction 163% to (6,485)
attributable to members
Profit (loss) attributable to members reduction 163% to (6,485)

[sam76]

do you know how that compares to market expectations?

SAM

[Narkov]

chicken will be better suited to make an analysis but I think a loss is/was expected considering all the exploration and changes they have made. They have been ramping up production over the last few months and it still continues.

Wait for chickens full analysis.

EDIT: I should correct myself...a loss probably wasn't expected but high costs were. It appears new accounting standards may have had some effect.

[sam76]

here chook, chook, chook...

:)

I'm looking forward to your analysis..

[Ann]

From my understanding...

WHen its announced a stock will enter asx300 or all ords, stock price will generally go up because people anticipate that it will go higher due to institutions buying...

WHen a stock actually enters an index, institutions (esp. index funds by definition) actually do buy the stock, pushing it up higher still...

Hi Nizar,

I am not arguing with you, as each stock is different. I am never adament but I just look at what I see in a chart and over the years of watching the S&P index changes, thinking in the early days I had found the "Holy Grail" because of the very reasons you just stated. Sadly it rarely worked that way. The S&P Licensed Index funds are given a few days early notice and most of these new additions would be a fairly small weighting so not too many stocks would be required to fill the instos needs.

Stocks that get thrown off the higher Indices ie S&P/ASX 100, 50 and 25 are pretty consistant in giving a reasonable price rise, funny as it seems.

Chicken,

Thank you for your generosity and kind words. I will still try not to be too negative on your threads if I can manage.

[chicken]

chicken will be better suited to make an analysis but I think a loss is/was expected considering all the exploration and changes they have made. They have been ramping up production over the last few months and it still continues.

Wait for chickens full analysis.

EDIT: I should correct myself...a loss probably wasn't expected but high costs were. It appears new accounting standards may have had some effect.
Well, you are correct of what you said here they did make a profit but under the new accounting standards they made a small lose so what it means their next half may balance the books and a profit is shown..they have money in the bank...and progressing niecly..one which has a lot more upside..after all its been a long 12 months since they took over the SGW assets.....and J Morgan who just bought 31 million shares would have made their research into SBM and felt as I do that this will become a great investment for the longterm holders...also a good trading stock...so I am still in and dont intend in jumping ship as my initial target for the end of the year is still $1...as some one said on another board..better than money in the bank...as I still feel the Nickel assets once a clear understanding is there ,will drive this stock quickly higher...just IMHO

[chicken]

I hear they value SBM at at least $1 EURO...work it out what it is worth..intresting I thought.....German news :2twocents

[nizar]

I hear they value SBM at at least $1 EURO...work it out what it is worth..intresting I thought.....German news :2twocents


hmm... yes but how long until that value is realised?

SBM hasnt moved in like 2 months in spite of all the positives that have happened: chairman/directors buying, share buyback, instos buying, nickel announcement pending, and gold recovered from recent pullpack at 539, now its 551, NCM, OGD, LHG and others up today but SBM still the same.... and buy side looking very depressed..

:banghead:

[regatwests]

hmm... yes but how long until that value is realised?

SBM hasnt moved in like 2 months in spite of all the positives that have happened: chairman/directors buying, share buyback, instos buying, nickel announcement pending, and gold recovered from recent pullpack at 539, now its 551, NCM, OGD, LHG and others up today but SBM still the same.... and buy side looking very depressed..

Turnover is low.

It may be cheap at 0.52 but I have a 2 week old `buy order` at
48.5

More a reflection on how miserable I am and my opinion on
market volatility than any reflection on the value of SBM.

Since the S&P inclusion it appears the pog has a significantly reduced effect
on the SP.

[chicken]

hmm... yes but how long until that value is realised?

SBM hasnt moved in like 2 months in spite of all the positives that have happened: chairman/directors buying, share buyback, instos buying, nickel announcement pending, and gold recovered from recent pullpack at 539, now its 551, NCM, OGD, LHG and others up today but SBM still the same.... and buy side looking very depressed..

Turnover is low.

It may be cheap at 0.52 but I have a 2 week old `buy order` at
48.5

More a reflection on how miserable I am and my opinion on
market volatility than any reflection on the value of SBM.

Since the S&P inclusion it appears the pog has a significantly reduced effect
on the SP.
Mate if you think you get them at that price well dream on..why..anything below 51.5cents is BOUGHT BACK BY SBM.....they only want 53million of those so your price has to be above 51.5cents as otherwise you got NO SHOW in buying any SBM.....big buyback taking place so you might have to buy something else as SBM is all going above 51.5cents...check it out maybe you will learn something...if I could get them at your price I'd mortgage my house....LOLOLOLO :2twocents

[chicken]

Some funds managers shaking the tree.....watch the April anouncements...will be a lot higher as read what Ed Eshuys had said..Nickel results are due....Funds managers wanting MORE stock.... :2twocents

[BraceFace]

Mate if you think you get them at that price well dream on..why..anything below 51.5cents is BOUGHT BACK BY SBM.....they only want 53million of those so your price has to be above 51.5cents as otherwise you got NO SHOW in buying any SBM.....big buyback taking place so you might have to buy something else as SBM is all going above 51.5cents...check it out maybe you will learn something...if I could get them at your price I'd mortgage my house....LOLOLOLO :2twocents

This statement is looking a bit foolish now!!
SBM 48.5c today (and dropping)
Should we buy now Chicken - what do you reckon?

[regatwests]

This statement is looking a bit foolish now!!
SBM 48.5c today (and dropping)
Should we buy now Chicken - what do you reckon?

I bought, I reckon it was cheap and I'm gonna make a packet.

Doing well with SBM since I changed my mind about selling out a few months ago at .32 after stumbling across this forum. ;)

[kariba]

Ended with a Dragonfly Doji on the candlestick chart - very bullish

I picked up a few more at these prices - IMO we wont be seeing sub-50 cent prices for long

cheers

[chicken]

Ended with a Dragonfly Doji on the candlestick chart - very bullish

I picked up a few more at these prices - IMO we wont be seeing sub-50 cent prices for long

cheers
Great..Gold has risen by $10 looks as if next week we will start our next run...Gold up SBM up...that seems to be the way the cocky crumbles..SBM got a new head quater in Perth...Action is on its way..Train leaving the station here :2twocents

[crackaton]

Great..Gold has risen by $10 looks as if next week we will start our next run...Gold up SBM up...that seems to be the way the cocky crumbles..SBM got a new head quater in Perth...Action is on its way..Train leaving the station here :2twocents
ROFLMHO. Hello cocky lol New head quater ? train station? mate you're a crack up

[clowboy]

crackaton,

What is LMHO?

Chicken, I sure hope so. SBM has been a big lagger in my portfolio as of late but the surge in gold overnight sure has me interested again. Won't really breathe to easy until it tets all time highs in USD again.

[nizar]

SBM has been a big lagger in my portfolio as of late but the surge in gold overnight sure has me interested again.

Agree same to me.

Its been a bit of a dog lately... it hasnt significantly broke through 50c since early january when it first reached it..... Hopefully this gold price rise coupled with a nickel announcement will change all that....

[crackaton]

crackaton,

What is LMHO?

Chicken, I sure hope so. SBM has been a big lagger in my portfolio as of late but the surge in gold overnight sure has me interested again. Won't really breathe to easy until it tets all time highs in USD again.
Laughing my head off. lol

[chicken]

Laughing my head off. lol
Well, Crackaton keep laughing..as who laughs last is the winner....this Sp will rocket soon...the Nickel results will be out in April..and as Mr Eshuys pointed out a Gold update will also be out in April..and then we come back to who laughs the loudest....Chicken will as usual show how loud he can crow.... :2twocents

[crackaton]

Well, Crackaton keep laughing..as who laughs last is the winner....this Sp will rocket soon...the Nickel results will be out in April..and as Mr Eshuys pointed out a Gold update will also be out in April..and then we come back to who laughs the loudest....Chicken will as usual show how loud he can crow.... :2twocents

Ok chook don't lose your head ROFLMAO

[chicken]

Nizar,at present dont sell SBM....why, read what Ed Eshuys said...April will be news time...and the techs are saying...its bullish..so if you want to make a $$$ stay with it..I am still holding my 200k shares..and am not selling it will move in April..for sure....Sabrethooth has a larger holding than mine and he is still buying...so with an increse of GOLD where does everyone think the SP for SBM will be...and Nickel assets are going to be in the news in April...plus SBM has got 14000sqkm to explore...at present price its CHEAP....I said this once about ZFX...now I am saying it about SBM......and look where the SP is for ZFX...$8.88...woooooh...and we will say the same about SBM in the next 12 months...... :2twocents

[red]

Chicken why are you so confident positive news is due in April for nickel exploration? I'm a Eshyus follower.

[chicken]

Chicken why are you so confident positive news is due in April for nickel exploration? I'm a Eshyus follower.
Read the interview on minesite..Sam posted here a thread where you can read it..its all positive for SBM...... :D

[chicken]

Read the interview on minesite..Sam posted here a thread where you can read it..its all positive for SBM...... :D
See Post 425 by sam re SBM...interview with Mr Ed Eshuys....its all there for everyone to read..April will be an intresting months..I expect it to fire.... :D

[sam76]

Spot's up as well - $564 an ounce

:D

[red]

Thanks Chicken and Sam.
EE will always be conservative. Even though I can't find any direct reference to nickel results the comments on Tarmoola and Gwalia Deeps are significant.
December quarter report mentioned the beneficiation results at Tarmoola would be available in February so you can reasonably assume EE knew the results at interview and referred to Tarmoola as "very important".
IMO the +10 g/t grades for Gwalia Deeps will increase its reserves by approximately 50% without taking into account the extra tonnage.
Roll on mid to late April.

[sam76]

Taken from my morning broker report....

Gold followed up $6.90 to $567.40. Someone pointed out this
morning that the Gold price is just 1% off its high whilst the gold sector is 18% off its high.

[chicken]

Looks as if SBM which bought shares in Terramine are the mayjor shareholder and also have the right to purcase their tenaments..I wonder why...SBM..are intrested in GOLD production,Nickel,Copper....maybe Uranium might be on their list as well...getting intresting...as their US shareholder are on the ball....great for all shareholders...looking back the last 12 months..Mr Tim Treadgold was right all along after rereading his article.....which he wrote in Shares May issue2005...wish I had bought more.....shares then...but its all looking good :D

[chicken]

Looks as if SBM which bought shares in Terramine are the mayjor shareholder and also have the right to purcase their tenaments..I wonder why...SBM..are intrested in GOLD production,Nickel,Copper....maybe Uranium might be on their list as well...getting intresting...as their US shareholder are on the ball....great for all shareholders...looking back the last 12 months..Mr Tim Treadgold was right all along after rereading his article.....which he wrote in Shares May issue2005...wish I had bought more.....shares then...but its all looking good :D
with Gold at $586 wow..55cents should be smashed today.....and with updates in April...I can see it at 60c plus....you little ripper....

[crackaton]

with Gold at $586 wow..55cents should be smashed today.....and with updates in April...I can see it at 60c plus....you little ripper....
Well chicken you have been posting like this for a while, but I doubt .55 will be smashed today. Something is holding this one back

[nizar]

with Gold at $586 wow..55cents should be smashed today.....and with updates in April...I can see it at 60c plus....you little ripper....

Agree

586 is new highs for this cycle

[saichuen]

Well chicken you have been posting like this for a while, but I doubt .55 will be smashed today. Something is holding this one back

yes, i will have to agree with you on this one. it looks like something is holding SBM back for whatever reason. hopefully with the high gold price (US584/oz) today and a continue bullish run will help to push SBM's sp along. :2twocents

[Narkov]

IAP @ 8:45 seems to be 0.545. There is HUGE selling depth. Some resistance perhaps?


BUYERS SELLERS
Orders Quantity Price Price Quantity Orders
1 5,000 0.580 1 0.535 9,600 1
2 500,000 0.560 2 0.540 391,072 10
1 2,500 0.555 3 0.545 458,285 12
1 20,000 0.550 4 0.550 624,849 28
1 60,000 0.545 5 0.555 135,000 5
4 38,472 0.540 6 0.560 298,440 11
3 183,000 0.530 7 0.565 121,500 5
1 70,000 0.525 8 0.570 221,527 6
2 130,000 0.520 9 0.575 55,000 1
2 69,419 0.515 10 0.580 255,000 2

[chicken]

Knock,knock 60cents :D

[Narkov]

Something must be in the pipeline. It appears the funny orders are back:

ime Price Quantity
1:10:02 PM 0.585 1740
1:08:02 PM 0.585 1740
1:06:02 PM 0.585 1740
1:04:03 PM 0.585 1740
1:02:03 PM 0.585 1740
1:00:03 PM 0.585 1740
12:58:17 PM 0.585 15000
12:58:03 PM 0.585 1740
12:57:20 PM 0.580 17244
12:57:20 PM 0.580 2756

[Narkov]

60 cents!


Last Trade Price Change Percent Change Volume Trades Open High Previous Close
0.6000 0.0500 9.09 5840772 366 0.5600 0.6000 0.5500 0.5550

[sam76]

all good for SBM
Spot's on another run! $587.80

[crackaton]

Something must be in the pipeline. It appears the funny orders are back:

ime Price Quantity
1:10:02 PM 0.585 1740
1:08:02 PM 0.585 1740
1:06:02 PM 0.585 1740
1:04:03 PM 0.585 1740
1:02:03 PM 0.585 1740
1:00:03 PM 0.585 1740
12:58:17 PM 0.585 15000
12:58:03 PM 0.585 1740
12:57:20 PM 0.580 17244
12:57:20 PM 0.580 2756

Share buy back, nothing else. Expect a few days of high trading then it will sink and happen all over again. Not rocket science.

[Narkov]

Share buy back, nothing else. Expect a few days of high trading then it will sink and happen all over again. Not rocket science.

Share buy back? Really?? (http://www.aussiestockforums.com/forums/showpost.php?p=29843&postcount=289)

You've really come a long way (http://www.aussiestockforums.com/forums/showpost.php?p=32904&postcount=407) to be saying it's not rocket science.

[chicken]

If Gold stays up over $590 US we should see SBM knocking on 65 cents on Tuesday..... :D

[regatwests]

060406
Opening up etrade to peruse the fallout I came across this interesting detail.


7:26:16 AM 0.580 4000000

Who do I get in on _this_ little lurk of buying before trading opens?

-could be usefull after a good news weekend.

directors buying (considrably less than 4 mill)

[noirua]

The all-time closing high for SBM was $2.70 in 1995, interesting to see if they can achieve the impossible of the Atkin's days.

[chicken]

The all-time closing high for SBM was $2.70 in 1995, interesting to see if they can achieve the impossible of the Atkin's days.
Too right they can.....as their prospects are a LOT better as for the mines they hold .....so anyone should read what I firstly said...funny that suddenly people are believing me..but still make your research..I can see $1+ here....remember what I said about ZFX....now $9.90.....going to $15....well SBM is on its way..$2.50 very possible.....or probable.....I am still holding a swag of these...and everytime I want to sell I wait as when Aprils news comes out see the $1+ happening.....good luck to all holders.... :2twocents

[crackaton]

Too right they can.....as their prospects are a LOT better as for the mines they hold .....so anyone should read what I firstly said...funny that suddenly people are believing me..but still make your research..I can see $1+ here....remember what I said about ZFX....now $9.90.....going to $15....well SBM is on its way..$2.50 very possible.....or probable.....I am still holding a swag of these...and everytime I want to sell I wait as when Aprils news comes out see the $1+ happening.....good luck to all holders.... :2twocents

OK chook thanks for your insights, but lets face it, any mug can make a buck in a full blown bull market. ROFLMHO

[noirua]

OK chook thanks for your insights, but lets face it, any mug can make a buck in a full blown bull market. ROFLMHO

On paper anyone can make a buck in bull markets, tell that to those of the dot-com boom. A profit, is not a profit, until it's Banked.
Gold is on the march and should be through US$600 by the opening on the ASX.

[crackaton]

On paper anyone can make a buck in bull markets, tell that to those of the dot-com boom. A profit, is not a profit, until it's Banked.
Gold is on the march and should be through US$600 by the opening on the ASX.
Like I said any mug can make a buck. I consider gold a mug, as for dot com lol what did they ever prove?

[brerwallabi]

OK chook thanks for your insights, but lets face it, any mug can make a buck in a full blown bull market. ROFLMHO

Yeh true, but clever mothers who know their stocks real well make big fortunes,see you in the West Indies, I'll let you know what island I buy.

[regatwests]

Again this morning,

8:09:32 AM 0.620 2500000

4 million a few day ago at .58 and today 2.5 million at .62

[chicken]

Too right they can.....as their prospects are a LOT better as for the mines they hold .....so anyone should read what I firstly said...funny that suddenly people are believing me..but still make your research..I can see $1+ here....remember what I said about ZFX....now $9.90.....going to $15....well SBM is on its way..$2.50 very possible.....or probable.....I am still holding a swag of these...and everytime I want to sell I wait as when Aprils news comes out see the $1+ happening.....good luck to all holders.... :2twocents
I said that a few days ago....last sale at 66cents..now who can argue with that now...$1 not far of, and Gold should or will go over $600 in the next week so with news coming out and UPGRADE by brokers coming out this week..can any one tell me where the SP is heading....UP, is my prediction..and that is NOT beating the drum but a fact....hope the ones who followed me make plenty as I am doing OK.....my new target price for SBM is now $2.50... :D

[michael_selway]

I said that a few days ago....last sale at 66cents..now who can argue with that now...$1 not far of, and Gold should or will go over $600 in the next week so with news coming out and UPGRADE by brokers coming out this week..can any one tell me where the SP is heading....UP, is my prediction..and that is NOT beating the drum but a fact....hope the ones who followed me make plenty as I am doing OK.....my new target price for SBM is now $2.50... :D

Hi do u know what their outlook is for the 2nd half and beyond?

thx

MS


The Company generated $53.4M in revenue from the sale of 88,000 ounces of
gold at an average price of A$606 per ounce for the six months ended
31 December 2005. The average cash cost of production for the six months was $405 per ounce.
Under the newly introduced Australian International Financial Reporting
Standards (“AIFRS”) reporting requirements, the result for the six months
ended 31 December 2005 was a loss of $6.5M. This loss has arisen after
expensing all exploration expenditure for the period of $12.5M and amortising
$4M of mine development costs. The direct impact of the introduction of AIFRS was the loss of $696k, a component of the $6.5M loss which resulted from mark to market adjustments on an investment in listed options and the company hedge book, and expensing employee options.