SBM - St. Barbara Mines

[rub92me]

Dutch:
SBM trekt over… in Januari 2007 Sbm trekt na Melbourne en heeft ausicht zelf veel zuvergroesern… het bedrijf aan één van groesten nu gouden uitdrukkingenbedrijf in Australië met maximaal 1 millon ozs goud in het jaar te voerdern… nog één SBM is graden op het uw nikkel voorkomend om worden gezien ausicht als veel… gelooft me daar nu… Sullivan is aangezien de Kosmos groot is, de bedrijvenwerkgever van SBM indien zegt het groter zou kunnen zijn… en M. OD Eshuys zei dat het magnetische beeld aantoont dat het aangezien de Kosmos om te zijn a bischen zo in het nieuwe jaar meer grotendeels de prijs voor dit aandeel is is en zal blijven toenemen… één SBM heeft 14000 nog qkm land in de gouden gebieden WA en nog nieuwe uitdrukkingen gevonden… I bezit zo vele aandelen daar van het bedrijf en ziet 3 tot 4 keer horend prijs… volgend jaar….
Vliegende vis, dit is geen Nederlands maar half-Duits koeterwaals. Hou het alsjeblieft in het Engels! (Flying fish, this is no dutch but german-dutch hodgepodge. Please stick to English!)

[chicken]

Still difficult to get a fix on this stock despite golds recovery of late. Some, with long memories, remember the boom and bust of the Atkins days and maybe Bond before him. Is Eshuys an atkins? Is Bond and Eshuys? Well, perhaps not, but many a high flyer with great expectations, in the end, is no Dickens, or, perhaps, the pip may become a great tree in the end.
Our main shareholder..have got a man on the board... excess to Capital...NO PROBLEMS...and the company is run by VERY capable people//ED Eshuys...is a geologist...a good one at that...there is peace at SBM...its run as a business and as Mr Tim Treadgold said...if that happend, SBM is to be watched..I wonder if he bought any stock...as far as Aitkens days...that was then...we are talking of a company which reinvented itself...as a Goldie this one looks to really shine ....SBM are doing ALL the right moves...its the old SOG company with little hedging and hugh upsides...thats the way I see it..what happened years ago was then...now is SBM time...reinvented...see Mr Tim Treadgolds article about SBM or read my earlier posts in the beginning..after all Mr Tim Treadgold pointed it out...

[porkpie324]

So Chicken this where your at now, and what a clever bird you are bi-lingual too, BTW Chicken I'm down on the coast now, come down for a beer sometime. Your ol mate porkpie

[chicken]

So Chicken this where your at now, and what a clever bird you are bi-lingual too, BTW Chicken I'm down on the coast now, come down for a beer sometime. Your ol mate porkpie
Pork pie I will next year...off to NZ 3 months staying with my son....very hot here in the summer in Aussie...Redcliffe....and better for me in Auckland...leave message in pvt mail how to contact you...as I go gown the coast often....this bull run for gold looking good...hope you turning and making a $$$...i have...now I say should have bought more.... :2twocents

[chicken]

KAURI.....Gold up SBM up..its higher in Europe...bought at finish another 15k of shares at 57cents..looking good for today....wonder what the capper will do...one BIG buyer buying all the time...wonder who he is... :2twocents

[chicken]

On any weakness to under 60cents...SBM is a buy as the SP is still on breakout on the chart....SBM will go into the ASX200 after Xmas as per Mr Ed Eshuys statement....so institutions buying in the ASX200 will be buying..also update re Gwalia and Nickel drilling should be due soon... :2twocents

[Deadcat]

Hoping update re: gwalia will be soon. Doesn't seem happy to stay above 60.
I want $1.

[noirua]

SBM are trickling down as more negative forecasts are made on the gold price. Worth watching, and chartist views will be interesting as we go into the new year.

[chicken]

Anny weakness of this stock its a buy....bought some more at 57cents today for my trading stock..in at 57c....out at 62cents...in at 57 cents out at 62 cents...easy..see www.bulliondesk.com Gold to rise to at least US $750 2007...thats what Goldmann Sachs expert are saying...and watch SBM anouncements...either before or just after Xmas on Nickel.... :2twocents

[chicken]

Anny weakness of this stock its a buy....bought some more at 57cents today for my trading stock..in at 57c....out at 62cents...in at 57 cents out at 62 cents...easy..see www.bulliondesk.com Gold to rise to at least US $750 2007...thats what Goldmann Sachs expert are saying...and watch SBM anouncements...either before or just after Xmas on Nickel.... :2twocents
trickling higher...58.5 cents...going back to 62cents...and then we see... :2twocents

[Deadcat]

Market depth does not support stock reaching 60c today at this stage. Seems to be hovering and becoming increasingly frustrating although I still hold.

[chicken]

with POG rising...looks as if it will be margin calls for shorters...typical bear trap..buy below 60cents...and looks as if this stock will start moving...hoping for release of news may now come after xmas..no matter..experts at kitco saying a big buyer just bought 750million US$ of Gold Stocks...word is Gold will shine in 2007.....I believe we will see $1+....after news release...that Nickel news will be the catalist..... :2twocents

[Dr Doom]

Looks like POG keeps re-testing the $615 level & holding, with the nice re-bound to $622 today. SBM has a similar base now about .55c. What is encouraging is how little gold stocks have sold off with these corrections, especially the $11 fall a couple of days ago.
I'm tending to disregard any tech analysis of the POG these days as there are too many factors at play, from a commodity angle to currency angle to geopolitical angle, each one primed to favour gold, although commodities may be a drag on the price in the short term.
I'm waiting till the end of this year after which I think things will start to happen, both with the US recession(s), the $US resuming it's 'correction' and middle east (oil) tensions.
Then load up on gold & short the rest :D

[chicken]

Looks like POG keeps re-testing the $615 level & holding, with the nice re-bound to $622 today. SBM has a similar base now about .55c. What is encouraging is how little gold stocks have sold off with these corrections, especially the $11 fall a couple of days ago.
I'm tending to disregard any tech analysis of the POG these days as there are too many factors at play, from a commodity angle to currency angle to geopolitical angle, each one primed to favour gold, although commodities may be a drag on the price in the short term.
I'm waiting till the end of this year after which I think things will start to happen, both with the US recession(s), the $US resuming it's 'correction' and middle east (oil) tensions.
Then load up on gold & short the rest :D
57cents seems to be the bottom...that is if you want any size parcel...you might get 8 shares for 56.5 cents..but any price below 60cents is a good buy....I now hold 300k....for long term gain.....

[chicken]

57cents seems to be the bottom...that is if you want any size parcel...you might get 8 shares for 56.5 cents..but any price below 60cents is a good buy....I now hold 300k....for long term gain.....
Finished strongly at 57.5cents.....

[kennas]

This has had an ordinary run of late, probably in line with POG slight correction.

It should find some support here at $0.55, also hitting 200d ma, but the MACD looks ominous. Breaking through there is bad news. Next support $0.50 ish. Could be a buying opp shortly depending on how it responds to the $0.55 area.

What news is due Chicken? Any upside surprises to come you think, or is everything in the market?

[chicken]

This has had an ordinary run of late, probably in line with POG slight correction.

It should find some support here at $0.55, also hitting 200d ma, but the MACD looks ominous. Breaking through there is bad news. Next support $0.50 ish. Could be a buying opp shortly depending on how it responds to the $0.55 area.

What news is due Chicken? Any upside surprises to come you think, or is everything in the market?
I told you before yes there is news coming.....Nickel results from the Sullivans...and you will find that its going to be big news....mind you SBM have been very busy over the last 12 months but any holders like myself will get the benefit....the SP should rise again over the next 12 months ..over 100% we will see as far as 55cents...I like to buy more for that price but cant see it 57cents is the bottom here at present....also more updates from the Gwalia in the new year....and inclusion in the ASX200 will see this SP rise....SBM are adding and are growing more...all good news for this Aussie goldie...SBM have and these are Mr Tim Treadgolds words which were published 4 operating goldprocessing plants,a number of mines and a 10000sqKM land bank that covers some of the most prospective mineralised structures in Australia,if not the world...so if you think its a ramp...well get SHARES MAY 2005 its ALL there in black and white...andf read it for yourself....after all SBM is a PRODUCER....not burning $$$ for looking...its all there :2twocents

[chicken]

New director appointed...he is a specialist for NICKEL....also on the board of Jubilee......action soon I would say.... :2twocents

[Dr Doom]

kennas, I'm no TA guru but I've looked at the weekly chart for SBM and while it looks a bit shaky it still might just be getting ready to break out after this pennant formation?. I think the logic is that the strength of the previous gains are indicative of the breakout strength, what do you think?. If so we're looking at somewhere near 80c or so? All depends on POG as well. Comments on the analysis? Weekly may show longer trend instead of daily noise?. And the MACD still ok.

[kennas]

kennas, I'm no TA guru but I've looked at the weekly chart for SBM and while it looks a bit shaky it still might just be getting ready to break out after this pennant formation?. I think the logic is that the strength of the previous gains are indicative of the breakout strength, what do you think?. If so we're looking at somewhere near 80c or so? All depends on POG as well. Comments on the analysis? Weekly may show longer trend instead of daily noise?. And the MACD still ok.
Looks ok on the weekly. Good that there was a higher high in Oct/Nov compared to Jul ish. Makes it look like it's consolidating sideways rather than any downward momentum. This short term downward action may be just more consolidation before the next move. up. And you are right with POG. Is the start of the recent decline equate to the decline in gold from the $640ish high? I'm sure it might. POG has consolidate arounf $615-$620 now which seems to have turned into a decent support line, as hoped. POG seems to be closely related to $US the past few weeks as opposed to geopolitics and POI. Once they all get in sync (geopol bad, POI up, $US down) then I'd expect POG to climb back through $630s and on....SBM might be set then to climb back through $0.65/70 and beyond.

[chicken]

Whoever removed the last post just has not got a clue...I said that SBM is a buy below 60cents..watch it this year as Nickel will come into play.... :2twocents

[Fab]

Whoever removed the last post just has not got a clue...I said that SBM is a buy below 60cents..watch it this year as Nickel will come into play.... :2twocents
Why is this stock so interesting ?

[chicken]

Why is this stock so interesting ?
Read what I said about the Sullivans....this could be larger than the Cosmos...Mr Ed Eshuys thinks that this could be indeed the case....expanding company with the best land in the Golden mile....Read what Mr Tim Treadgold had said about SBM...as far as the SP its manipulated by the big boys 75.48% of ALL shares are owned by 20 shareholders...and the big boys and brokers are buying ALL the time...selling as well to keep the stock from rising..its being caped at present....SBM are a PRODUCER not burning $$$ and the upside is hugh...and a safe stock as it is in Australia..not in another place such as Philipines or Africa... :2twocents

[Fab]

Read what I said about the Sullivans....this could be larger than the Cosmos...Mr Ed Eshuys thinks that this could be indeed the case....expanding company with the best land in the Golden mile....Read what Mr Tim Treadgold had said about SBM...as far as the SP its manipulated by the big boys 75.48% of ALL shares are owned by 20 shareholders...and the big boys and brokers are buying ALL the time...selling as well to keep the stock from rising..its being caped at present....SBM are a PRODUCER not burning $$$ and the upside is hugh...and a safe stock as it is in Australia..not in another place such as Philipines or Africa... :2twocents
What do you mean by the big boys are manipulating the price? Wouldn't it be better for them to let the stock rise?

[nizar]

What do you mean by the big boys are manipulating the price? Wouldn't it be better for them to let the stock rise?

Big boys, when they know (read "think") a stock will go up, they often cap the price so they can accumulate cheapies. Iv seen this plenty of times.
Usually very small sell parcels always dumping to the bid every few, say 10-15mins, and its the same parcel size, usually something like 1000 shares, very small, and u wouldnt do this unless you were a broker, then every couple of hours, when the offer is a few levels down because of the constant bot selling, a big player comes in and cleans up.

Manipulation at its very finest :D

Of course it works the other way as well, if the big players want to get out, they put in several times small buy orders, bring the price up, then dump.

Gotta love the market :D

[Joe Blow]

Whoever removed the last post just has not got a clue...I said that SBM is a buy below 60cents..watch it this year as Nickel will come into play.... :2twocents

Chicken, stop ramping or you wil make me very cranky. You shouldn't be calling stocks "buys" or "sells" unless you are a licensed financial advisor. I am assuming you aren't so please don't do it. Future posts calling stocks "buys" or "sells" will be removed.

[chicken]

Chicken, stop ramping or you wil make me very cranky. You shouldn't be calling stocks "buys" or "sells" unless you are a licensed financial advisor. I am assuming you aren't so please don't do it. Future posts calling stocks "buys" or "sells" will be removed.
Yep..its going north....following the Gold price....could at such a low price become a takeover target....hope not as I can see a much HIGHER PRICE ON THIS ONE.... :2twocents

[Kauri]

Yep..its going north....following the Gold price....could at such a low price become a takeover target....hope not as I can see a much HIGHER PRICE ON THIS ONE.... :2twocents


as far as the SP its manipulated by the big boys 75.48% of ALL shares are owned by 20 shareholders..

Bit of an overhang to work through for a takeover???

[chicken]

Bit of an overhang to work through for a takeover???
Kauri..no overhang here...if the big shareholder decide to do a deal with Barrick as an example..its easy as long as the money is right and as I said before 75.45% owned by 20 shareholders....whatever they decide we little fellows have to go along....Kauri I see a MUCH larger SP in the near future as this stock has formed a fantastic base around the 57cents and breakout is iminent....and the move to Melbourne and the inclusion of SBM in the ASX200 in 2007 will all play a part in this stock marching to new heights...... :2twocents

[kransky]

Hey Chicken, i cant find any info about a sullivans nickel prospect in their announcements... can you give me a link or something?

[chicken]

Hey Chicken, i cant find any info about a sullivans nickel prospect in their announcements... can you give me a link or something?
Read what I posted in 2005...about the 56 thread....its all there re what Mr Ed Eshuys had said...re magnetic print and all.....the Sullivans are ready to rock and roll....someone just bought big at 59cents....

[chicken]

One sale of 2million shares at 59cents...price$1180000..one hit...and a few more big sales...someone wants them....capper is having troubles in keeping price down....

[noirua]

Has nothing to do with ramping...I shall come back to what you just said...and then I will point out I TOLD YOU ALL.....I said do your research..now have you I bet you have not even looked.....DO YOUR RESEARCH....and read what I posted..nothing to do about ramping..they are talking about 400000 oz per year production...this will be a much larger company...read their website....

I bought some shares in SBM this morning and I must say I haven't a clue which way the gold price is going for 2007, nor would I care to guess. The shares trade at a reasonable price, IMHO, though I'm not expecting much in the short term.
Once EE and his fellow Directors are settled in Melbourne, they may let us know what all their expansion plans are for the future. Probably not any cheap buys in this sector and unlikely to be any Sons of Gwalia's going begging.
SBM look solid enough and will probably do quite well even if the waters get a bit choppy.

[chicken]

Hey Chicken, i cant find any info about a sullivans nickel prospect in their announcements... can you give me a link or something?
Read no 68 post....I posted that on this board.... :2twocents

[chicken]

Reading on another forum.....Chinese are selling $1 Trillion US....no wonder the GOLD is rising....US are having problems now.....with the US Dollar....also the Chinese are not prepared to hold onto large US currency as the US has depreciated by 30% and the Chinese lost $300billion.....this is heavy....Gold and Euro prefered currency..... :2twocents

[Fab]

Close over 0.60 in good volume. This must be a good sign.

[Kauri]

Reading on another forum.....Chinese are selling $1 Trillion US....no wonder the GOLD is rising....US are having problems now.....with the US Dollar....also the Chinese are not prepared to hold onto large US currency as the US has depreciated by 30% and the Chinese lost $300billion.....this is heavy....Gold and Euro prefered currency..... :2twocents

Not quite so heavy when you actually read the article though.. ;)



However, China which presently holds more that $1 Trillion dollars in FX reserves, remains a critical contributor to dollar stability going forward. A newly elected Democratic Congress and more belligerent attitude from Fed Chairman Ben Bernanke, who in a recent speech in China suggested that the country’s currency policy resulted in an effective export subsidy, could spur a diplomatic as well as a financial conflict with one of the US’s largest trading partners. Should China simply stop purchasing new US government and agency debt obligations, the safety margin between the TICS surpluses and the trade deficits could narrow dangerously and reignite worries about future US financing capability. Therefore, the US China relationship may well be the single most important geo-political factor facing the US dollar next year. As long as Chinese and Persian Gulf countries continue to recycle their surplus dollars into US securities – a process some analysts have dubbed “Bretton Woods II” - the dynamic should generate global growth and relative stability in the currency market. However, if this process is somehow compromised for political reasons the greenback could face serious turbulence in the year ahead.

[chicken]

The assets bought from Sons of Gwalia are turning out to be indeed worldclass assets with a potential which will propel SBM into a much larger producer....and it took great management...which SBM enjoys...to revitalise these assets...and as Mr Ed Eshuys said it took a while to bed it down...the company is enjoying spectacular growth due to all the company workers and managment pulling together...as I understand Mr Ed Eshuys has got a great team now....it takes time to do that...Mr Ted Treadgold wrote about it, and a lot of changes had to be implemented...It looks as if SBM indeed has achieved these ends....The company is in a hugh growth stage now...in 2007 inclusion in the ASX200...and by 2010 SBM are aiming to produce 1 million ozs of GOLD...not bad from 2 companies which came back from the abyss...see my first posts....After all its only 2 years since this has happened and I feel that their shift to Melbourne will create another plus for SBM...I think we will hear a lot more in 2007 of what SBM future in the commodity cycle will be..Nickel from the Sullivans will be their next big headlines...their landbank of 14000 sq Km will play an important part in propeling SBM into a much larger mining house...check the volume spikes.. I noticed 4 or 5 in the last 3 months...I think the 300% increase is achievable because of their track record in the last 2 years..after all 9cents to 60cents that is 500% increase last year alone...and one only has such an increase if the market believes in them..SBM has 20 shareholders holding 75.45% of all shares and they holding tight on to the stock as payday will be here soon...it takes longer in the mining industry but once the wheels are turning..like now with SBM...a lot of money will be made...and I like to be there to collect as well. SBM was lucky to get the Sons of Gwalia assets - this was once in a lifetime opportunity for them and that is why I am sitting tight on the shares I own...what a ride in this stock....

[GreatPig]

Hey Chicken, you don't happen to work in SBM's PR department by any chance? :D

GP

[Dr Doom]

Go chicken!. SBM has been hinting at a major acquisition also, announcement soon I think. Also, Croesus tenders down to a handful of hopefuls. SBM has the potential to be the next OXR, and commensurate share price increase. Oh, and more share buybacks, meaning value per share rises!!??
I'm holding for the long term, absolute minimum of $1 per share short term. Could also be target of further industry consolidation.

[Ken]

By 2010 it is forecasting 1 million ounces of gold.

What would this equate to in share price?

How much do oxr, lhg, newcrest mining do?

I noticed volumes were up 60 cents.

And all the analysts are bullish on gold...

SBM also got a mention in Smart Investor magazine for December.

What sort of dates are we looking at for it to run?

[nizar]

And all the analysts are bullish on gold...


I wonder if this is a good thing....
"Analysts" dont tend to have the best track records...

[Fab]

I wonder if this is a good thing....
"Analysts" dont tend to have the best track records...

I tend to agree with on this comment having said that I just bought this one based on some Eureka report analyst recommendation.
SBM was recommended by 2 of their analyst to perform well for next year and so far I have to say Eureka report has been a very valuable report for me to read and use to make buying and selling decision. Hopefully they got it right with SBM.

[chicken]

I tend to agree with on this comment having said that I just bought this one based on some Eureka report analyst recommendation.
SBM was recommended by 2 of their analyst to perform well for next year and so far I have to say Eureka report has been a very valuable report for me to read and use to make buying and selling decision. Hopefully they got it right with SBM.
FAB...look at my earlier posts....I bought after Mr Tim Treadgolds recomendation and his comments...its been a first class winner for me...hold now 300k shares and what will it be worth for the fundmangers who will be buying as SBM will go into the ASX 200..as per SBM news...as Gold rises so will SBM...but at present there is drilling in the Sullivans and if it is indeed a huge Nickel deposit as sugested by Mr Ed Eshuys then this goldie will indeed lay the golden egg for us shareholders..... :)

[Fab]

FAB...look at my earlier posts....I bought after Mr Tim Treadgolds recomendation and his comments...its been a first class winner for me...hold now 300k shares and what will it be worth for the fundmangers who will be buying as SBM will go into the ASX 200..as per Sbm news...as Gold rises so will SBM...but at present there is drilling in the Sullivans and if it is indeed a hugh Nickel deposit as sugested by Mr Ed Eshuys then this goldie will indeed lay the golden egg for us shareholders..... :)

Who is Mr Tim Treadgold? :eek7:

[chicken]

Who is Mr Tim Treadgold? :eek7:
Mr Tim Treadgold is a Perth based business journalist...has a degree in Geology to the Perth University....knows western Australia..who has written for BRW and Shares magazine since they were founded..he studied geology but switched to journalism in 1969 during the Poseidon Nickel boom....Mr Tim Treadgolds opinion and publishings are well researched and well respected by the investments comunity...he knows his subject well.... :2twocents

[Fab]

Mr Tim Treadgold is a Perth based business journalist...has a degree in Geology to the Perth University....knows western Australia..who has written for BRW and Shares magazine since they were founded..he studied geology but switched to journalism in 1969 during the Poseidon Nickel boom....Mr Tim Treadgolds opinion and publishings are well researched and well respected by the investments comunity...he knows his subject well.... :2twocents
Thanks for that Chicken :)

[Ken]

i dont know why.

but today i bought 3500 shares in SBM,

I held AGM from 33 cents to 40 cents and am kicking myself...

I think SBM could have more to offer than them, and 10 million gold ounce resource just says buy to me... I bought today at 59.5 cents. 2Ks worth.

I may have missed the boat and boat at wrong time but in 5 years time, whats a coupe of cents here or there if they do really kick some goals....

I had some faith in COE and had a nibble at them aswell at 46.5 cents. I am so in debt on the margin loan... T3 doing the job though...

[hitmanlam]

I am so in debt on the margin loan... T3 doing the job though...

That doesn't sound too good Kenny. Just remember mate not to over expose yourself with too much risk. Don't want a stock to collapse with money you don't have.

[chicken]

i dont know why.

but today i bought 3500 shares in SBM,

I held AGM from 33 cents to 40 cents and am kicking myself...

I think SBM could have more to offer than them, and 10 million gold ounce resource just says buy to me... I bought today at 59.5 cents. 2Ks worth.

I may have missed the boat and boat at wrong time but in 5 years time, whats a coupe of cents here or there if they do really kick some goals....

I had some faith in COE and had a nibble at them aswell at 46.5 cents. I am so in debt on the margin loan... T3 doing the job though...
Ken,...You said SBM could more to offer.....read what is written and you will find SBM has indeed a lot to offer but IT ALL TAKES TIME TO MATURE...I own now 300k in shares as I can see a huge upside...the stock is forming a great base on the graph...and the on volume is rising further which is a great sign..I also own AGM shares also a great company in the making..SBM will start soon showing its colours...just think 20 shareholders are holding 75.45% of all the shares in SBM...and I surely know for a good reason the company is expanding rapidly....non of those 20 shareholders are selling any.....and I am holding as well as our payday will surely come....POG is rising :2twocents

[Dr Doom]

Director buying
-------------------------------------------------------

Name of entity St Barbara Limited
ABN 36 009 165 066
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the
director for the purposes of section 205G of the Corporations Act.
Name of Director Mr Saul Jonathan Colin Wise

Date of change 31 December 2006
No. of securities held prior to change 3,747,679
Class Fully paid ordinary shares
Number acquired 51,724
Number disposed Nil
Value/Consideration
Note: If consideration is non-cash, provide details and estimated
valuation
$30,000.00
No. of securities held after change 3,799,403
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment plan, participation in buy-back
On-market purchase pursuant to Non
Executive Director Share Plan.

[noirua]

Director buying
-------------------------------------------------------

Name of entity St Barbara Limited
ABN 36 009 165 066
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the
director for the purposes of section 205G of the Corporations Act.
Name of Director Mr Saul Jonathan Colin Wise

Date of change 31 December 2006
No. of securities held prior to change 3,747,679
Class Fully paid ordinary shares
Number acquired 51,724
Number disposed Nil
Value/Consideration
Note: If consideration is non-cash, provide details and estimated
valuation
$30,000.00
No. of securities held after change 3,799,403
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment plan, participation in buy-back
On-market purchase pursuant to Non
Executive Director Share Plan.

The price has slipped 3 cents on the news, hmmmm?

[chicken]

Director buying
-------------------------------------------------------

Name of entity St Barbara Limited
ABN 36 009 165 066
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the
director for the purposes of section 205G of the Corporations Act.
Name of Director Mr Saul Jonathan Colin Wise

Date of change 31 December 2006
No. of securities held prior to change 3,747,679
Class Fully paid ordinary shares
Number acquired 51,724
Number disposed Nil
Value/Consideration
Note: If consideration is non-cash, provide details and estimated
valuation
$30,000.00
No. of securities held after change 3,799,403
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment plan, participation in buy-back
On-market purchase pursuant to Non
Executive Director Share Plan.
Great sign..usually it means we get some news a week later and the SP going higher....SBM ITS graph looking good..on volume increasing :2twocents

[BraceFace]

So why the price drop now?

I don't get it....

[kennas]

Chicken, can you help me out please. (never thought I'd say that)

I'm trying to work out how much gold reserves SBM actually have.

They claim thay have an 'endowment' of 23.2m oz.

From wikipedia: A financial endowment is a transfer of money or property donated to an institution, with the stipulation that it be invested, and the principal remain intact. This allows for the donation to have a much greater impact than if it were spent all at once.

So, what's endowment meant to SBM.

Now, if this is gold reserves been given to them after the break up of Sons of Gwalia, where are these 23m oz?

There main projects and gold reserves that I can see are:

Gwalia - 3.3m oz.
SX - (Marvel Loch) - 2m oz.
SX - (Nevoria & Tranvsaal) - 835k oz historical production. Now drilling.
Gwalia Deeps - 885k oz, potential 1.9m oz indicated.
Tarmoola - 'potentially' 1.3 m oz. Exploration ongoing.
Leonora - Exploration.

So, to me that adds up to a total of 7.485 m oz current best case, with Leonora to perhaps add in.

Now, that's quite a bit of gold, but what's the 23m oz thing?

[chicken]

Chicken, can you help me out please. (never thought I'd say that)

I'm trying to work out how much gold reserves SBM actually have.

They claim thay have an 'endowment' of 23.2m oz.

From wikipedia: A financial endowment is a transfer of money or property donated to an institution, with the stipulation that it be invested, and the principal remain intact. This allows for the donation to have a much greater impact than if it were spent all at once.

So, what's endowment meant to SBM.

Now, if this is gold reserves been given to them after the break up of Sons of Gwalia, where are these 23m oz?

There main projects and gold reserves that I can see are:

Gwalia - 3.3m oz.
SX - (Marvel Loch) - 2m oz.
SX - (Nevoria & Tranvsaal) - 835k oz historical production. Now drilling.
Gwalia Deeps - 885k oz, potential 1.9m oz indicated.
Tarmoola - 'potentially' 1.3 m oz. Exploration ongoing.
Leonora - Exploration.

So, to me that adds up to a total of 7.485 m oz current best case, with Leonora to perhaps add in.

Now, that's quite a bit of gold, but what's the 23m oz thing?
DONT KNOW...email SBM...they will give you the answer.....to that question...I notice your no in Ozs of Gold..they have recently been upgraded...see www.stbarbara.com.au a lot higher than what you posted must check again...was in their latest announcements...regards Chicken :2twocents

[kennas]

I notice your no in Ozs of Gold..they have recently been upgraded...see www.stbarbara.com.au a lot higher than what you posted must check again...was in their latest announcements...regards Chicken :2twocents
No chicken, that is the latest. I think you need to look it up.

The last report referencing gold reserves on 16/11 by the MD actually states 'just under 7m oz'.

[chicken]

I noticed since October..someone is buying heavy in SBM...It is known that SBM will go into the ASX 200...it is know that SBM are shortlisted to takeover another goldcompany...its also known that the Sullivan is being drilled for Nickel...and its also know SBM are expanding...as far as today a big buyer is playing the market...buying all he can at as lower price as he can...I think they call it a bear trap....I bought more today as SBM will show that the assets from SWG are indeed well worth ther wait...after all check the spikes out in the last 4 months...and you will find 5 Volume spikes in the SP..so who said something is up...I feel someone wants the stock..this is not a sell down but a bears trap... :2twocents

[Ken]

chicken.

people play the market with every stock.

i hope your right and someone is buying up big.
however i also feel that it could be people selling off there speculative stocks with the losses in the bigger mining stocks. possible.

either way if its possible to check every trade for sbm today. it would indicate whether or not it was the same qty's being bought /sold, and could give a trend.

2.5 million shares traded on a day where a stock falls close to 10% would look like sell down.

but i hope your right, and its just these so cappers you talk about it.

[noirua]

The mining sector has been weaker since the New Year started and SBM are suffering as much as the rest. EE's comments on vigorous plans for growth, combined with the move to Melbourne, have been followed up with sparse information. Until the mining sector resumes its upwards march, IMHO, or the company reveals its plans, confidence may ebb away.

[Kauri]

POG may not be helping???

[noirua]

POG may not be helping???

That is indeed a nasty slide Kauri, and certain mining stocks MAY well be under pressure at the opening on the ASX.
Views on the Dollar are changing as the British Pound falls quite a bit in the last few days of the week. Hopefully the Aussie Dollar will slide as well - looking for A$1.35 to the greenback next week.

[chicken]

What more can I say....SBM is starting to move in the right direction..I see 6 big spikes in the last 3 months all around 6 million shares....someone is buying :2twocents

[wayneL]

....someone is buying :2twocents

or selling :D

[chicken]

or selling :D
Fair enough..the SP is rising and yes for every seller you need a buyer....but the on volume is going higher have a look..ASX 200 time soon...and updates etc...Are producers and ED is doing a fine job.....not a wannabe like that Goldie today.....SBM has so far achieved ALL it said it would....now how many Goldies have done this in Australia....and made a profit as well :2twocents

[GreatPig]

SBM is starting to move in the right direction
Been loading up the truck again, Chicken? :D

GP

[OK2]

I must compliment your enthusiasm Chicken. I am sure that SBM will come good eventually, but when I am not too sure!

[chicken]

I must compliment your enthusiasm Chicken. I am sure that SBM will come good eventually, but when I am not too sure!
Watch the GOLDPRICE...Kauri will tell you SBM at present follows the Goldprice....also watch when the go into the ASX200 in this 1/4....this is a real GOLD producer....so its not a wannabe....and as production rises so will this SP...it all takes time..... :2twocents

[chicken]

With Gold going up...SBM should show signs of life..also some of the BDG shareholders will be looking to buy as they want to be exposed to GOLD....as their company is now relegated to explorer..I feel sorry for the shareholders who bought into their company at a very high price...lucky I picked a company which will be included in the ASX200 next and have such great management skills.....Mr Tim Treadgold wrote a few articles about SBM and he knows what he was talking about.... :2twocents

[kennas]

With Gold going up...SBM should show signs of life..also some of the BDG shareholders will be looking to buy as they want to be exposed to GOLD....as their company is now relegated to explorer..I feel sorry for the shareholders who bought into their company at a very high price...lucky I picked a company which will be included in the ASX200 next and have such great management skills.....Mr Tim Treadgold wrote a few articles about SBM and he knows what he was talking about.... :2twocents
Chicken can you post a link to Mr T's articles or post them in here please. You keep mentioning him but no one seems to have read any of his stuff from what I can gather. If anyone else has please help us out by providing some information. Thanks!

Chicken what makes you think SBM will be next in the ASX200? Interesting.

[chicken]

Chicken can you post a link to Mr T's articles or post them in here please. You keep mentioning him but no one seems to have read any of his stuff from what I can gather. If anyone else has please help us out by providing some information. Thanks!

Chicken what makes you think SBM will be next in the ASX200? Interesting.
Firstly...Mr Ed Eshuys said that SBM will be included in the ASX200 as per November SBM presentation... as Far as Mr Tim Treadgold....published in MAY 2005 SHARES.....page 22..headline by Mr Tim Treadgold...a Perth based business journalist who has written for brw AND shares MAGAZINE SINCE THEY WERE FOUNDED..HE STUDIED GEOLOGY IN PERTH BUT SWITCHED TO JOURNALISM IN 1969 DURING THE POSEIDON NICKEL BOOM.....Its all there in black and white....go back to when this thread started....you will be surprised where SBM is heading...ITS ALL good news..Oh the headline that article featured....GWALIAS GOLD Grabbed...and here is the juicy bit...StBarbara has acquired a potentially company-changing range of assets,including 4 operating gold processing plants, a number of mines and a 10,000 square km land bank that covers some of the most PROSPECTIVE MINERALISED STRUCTUREES in Australia,if NOT THE WORLD.....and he finished off his article by saying, If Eshuys and his team can stitch together a coherent picture of continung gold production,rationalisation of surplus assets and exploration on the very impressive land bank,then StBarbara could be a sleeper waiting for a wake up call...looks like the wakeup call is here.....All there my friend....go to the libary and read it... :2twocents

[Deadcat]

www.stbarbara.com.au/upfile/061116%20ChairmansAddress.pdf

"market capitilisation is approaching qualification for the S&P ASX Top 200
Index"

Chairmans AGM address on 16.11.06

[rub92me]

So to put this in perspective:
Mr. Treadgold wrote an article in May 2005 (sp about 0.60) that this was a great success story. The sp has gone down from this in 18 months.
On 16/11/2006: "market capitilisation is approaching qualification for the S&P ASX Top 200 Index" when sp was above 0.60. The sp went down from that so it is no longer approaching qualification (although it may of course do again in the future).

[kennas]

www.stbarbara.com.au/upfile/061116%20ChairmansAddress.pdf

"market capitilisation is approaching qualification for the S&P ASX Top 200
Index"

Chairmans AGM address on 16.11.06
Thanks for the link Deadcat.

I've been trying to actually find how close they are to being entered to the ASX200, but I can't even find the current list of stocks. Even on the S&P website.

[Dr Doom]

Thanks for the link Deadcat.

I've been trying to actually find how close they are to being entered to the ASX200, but I can't even find the current list of stocks. Even on the S&P website.

kennas try this

http://www2.standardandpoors.com/portal/site/sp/en/au/page.topic/indices_asx200/2,3,2,8,0,0,0,0,0,0,0,0,0,0,0,0.html

then 'Constituent List'

[noirua]

kennas try this

http://www2.standardandpoors.com/portal/site/sp/en/au/page.topic/indices_asx200/2,3,2,8,0,0,0,0,0,0,0,0,0,0,0,0.html

then 'Constituent List'

Unfortunately SBM have NO chance of entering the ASX 200 as market cap at 52.5 cents is around $430 million.

When PEM entered the ASX 200 on the 15th of November last, their market cap was $915 million at $4.30 a share. I'm not certain of the date that PEM's market cap was worked out on.

The position of SBM is 253 on the index of largest companies. I accept some shares have fallen badly since the position was given.

FLX have an approx. market cap of $760 million at $4.00 per share and are currently in the ASX 300.

[kennas]

Unfortunately SBM have NO chance of entering the ASX 200 as market cap at 52.5 cents is around $430 million.

Thanks guys for checking this out. Looks like they will have to wait a while and be in position when S&P do a reweighting. They only do that a couple of times a year don't they? So, SBM needs their market cap to increase quite considerably and the timing to be right that they get picked up. Cheers.

[Ken]

buy, sell or hold?

[kennas]

buy, sell or hold?
Can't give recommendations here Ken.

[Kauri]

buy, sell or hold?

Yes... :D

[noirua]

Thanks guys for checking this out. Looks like they will have to wait a while and be in position when S&P do a reweighting. They only do that a couple of times a year don't they? So, SBM needs their market cap to increase quite considerably and the timing to be right that they get picked up. Cheers.

Hi, only other way is for SBM to merge with another similar company and sell off stakes in present enterprises and thereby increase the market cap. FLX did this twice in merger terms and sold off stakes in assets 6 times, market cap was $10 million in 2003 and now approaching $800 million.

SBM is an excellent company, but quiet Ed has said little of late.

[Dr Doom]

From AGM presentation by Ed -

"Finally, acquisitions and joint ventures are also an important component of our
future strategy to achieve our objectives. A number of corporates and assets
have been assessed."

Hint, hint.......

[Dr Doom]

No more hints, ..........

St Barbara Acquires 10% Stake in Bendigo Mining
The Company has acquired 49.53M shares in
Bendigo Mining Limited on market at a weighted
average price of 34.8 cents per share. This has
achieved the Company’s objective of acquiring a 10%
interest.

Impeccable timing AGAIN!!!

That explains the share price weakness maybe...... people in the know, surely not insider trading?

Anyhow, should be positive long term for both companies.

[chicken]

From AGM presentation by Ed -

"Finally, acquisitions and joint ventures are also an important component of our
future strategy to achieve our objectives. A number of corporates and assets
have been assessed."

Hint, hint.......
Funny you quoted that..LOLOL..as far as the ASX200...will come back to that...LOLOLOLOLO :2twocents

[Deadcat]

SBM has dropped in price significantly over the past 1 and a half. Chicken you are the first to post when share price has gone up even if it is only half a cent. Why don't you explain to us logically the drop in sentiment for this share. You were posting last year that the share price was going to reach $1 by xmas 06.

[BraceFace]

Funny you quoted that..LOLOL..as far as the ASX200...will come back to that...LOLOLOLOLO :2twocents

I guess I must be missing the joke.
Down nearly 10c in a week and clearly, not even close to acheiving the required market capitalisation to achieve ASX 200.
Not funny at all. Especially if you are a shareholder.

[chicken]

I guess I must be missing the joke.
Down nearly 10c in a week and clearly, not even close to acheiving the required market capitalisation to achieve ASX 200.
Not funny at all. Especially if you are a shareholder.
Keep posting you might get it right one day...I am a shareholder..see what Kauri posted..and the 10c down is just brokers playing with people to trigger the stops..so the SP at present is CHEAP...and better days ahead...I hope you read the latest..as far as the ASX200...as I said I will come back to that and will post on that extensively...just let the latest news sink in a bit and you might come to the right conclusion...the pokergame has just begun...GOLD up so will SBM on monday..and the news is getting better by the day.... :2twocents

[Deadcat]

I too am a shareholder of this stock and am up to date on all SBM announcements and direction. I would like to know why this stock has dropped so significantly. Chicken, you say it is because of brokers manipulating the stock. If this is so, how many brokers do you personally know of that are doing this at the moment? It would have to be a lot trading a hell of a lot of shares to drop 10c. Do you think that some of the shareholders have actually lost a little patience with this company? Do you think that some traders do not think it is performing so are pulling out? On a SHORT TERM basis, this is seeming to be a bit of a dud so perhaps shareholders are selling and it is not all down to crafty brokers.

[Flying Fish]

I too am a shareholder of this stock and am up to date on all SBM announcements and direction. I would like to know why this stock has dropped so significantly. Chicken, you say it is because of brokers manipulating the stock. If this is so, how many brokers do you personally know of that are doing this at the moment? It would have to be a lot trading a hell of a lot of shares to drop 10c. Do you think that some of the shareholders have actually lost a little patience with this company? Do you think that some traders do not think it is performing so are pulling out? On a SHORT TERM basis, this is seeming to be a bit of a dud so perhaps shareholders are selling and it is not all down to crafty brokers.

Chicken, aka dwecke200, posted over at hc that SBM would never consider BDG yet the same day they appear with 10%. This stock is very sus. They have a buy back in place yet at .60 cents had a placement? Why? Their hedging is bizarre to say the least.
I'de be very carefull because inclusion into asx200 doesn't really mean anything. Take a look at CUE it was included in the asx200 for a while but look where it is now.
As for the so called nickle side of things, chicken has been harping on about this for months.
Just my opinion though.

[chicken]

Chicken, aka dwecke200, posted over at hc that SBM would never consider BDG yet the same day they appear with 10%. This stock is very sus. They have a buy back in place yet at .60 cents had a placement? Why? Their hedging is bizarre to say the least.
I'de be very carefull because inclusion into asx200 doesn't really mean anything. Take a look at CUE it was included in the asx200 for a while but look where it is now.
As for the so called nickle side of things, chicken has been harping on about this for months.
Just my opinion though.
LOLOLOLOLOLO..I love these downrampers....next week will prove what I say..GOLD up SBM up...thats the song being played here.....LOLOLOLO :2twocents

[kennas]

LOLOLOLOLOLO..I love these downrampers....next week will prove what I say..GOLD up SBM up...thats the song being played here.....LOLOLOLO :2twocents
Chicken, this is probably no more downramping than your constant ramping of this stock, with minimal additional information to back your claims.

SBM might go up with POG early next week, and it will be tied to POG to some degree and moreso to their ability to get all these projects flowing. Plus, the BDG move, while IMO is short-mid term positive, may still end in tears.

By the way, have you found out what that 23m oz au endowment meant yet? This is your baby, surely you've investigated it??

Like many goldies, has come off last April's crazy highs and tracking sideways but looks slightly vulnerable. Only just made a higher high on it's last rise, but with the weekly MACD turned down it's a bearish position.

Personally, I'm interested in any gold company with more that 2 m oz in a friendly location, with low cash costs and minimal hedging. Being a gold bull, I'm obviously biaised to some degree here and I may end up losing my grandma's house on my optimism of the long term gold trend. Or, I will be on my yacht cruising through the Caribbean next year. (ASF members can join me any time :) ) Only time will tell.

[BraceFace]

LOLOLOLOLOLO..I love these downrampers....next week will prove what I say..GOLD up SBM up...thats the song being played here.....LOLOLOLO :2twocents

Just because somebody dares take a differing opinion to you doesn't make them a downramper, and it also doesn't give you the right to be derogatory towards them. That's just bad manners.

I actually hold SBM and have bought and sold in the past. I (and by the sound of it), a few others who follow this thread are merely trying rationalize why we continue to hold this company in our portfolio's.

Chicken, you offer us nothing but hype and hot air. I want to believe your ramps (and lets be honest - that's what they are), but you offer nothing with substance. You repeat your claims over and over and yet you offer no justification for your claims.

You obviously love SBM and have a great deal of faith in Ed. Some of us are a little more sceptical and require more concrete evidence than your ramps to convince us. As holder of SBM, I hope you are right and can turn around in the future and say "I told you so", but in the mean time wait until SBM have the runs on the board before you s**tbag the rest of us who also "do our own research".

I await a condescending response.......

[Joe Blow]

LOLOLOLOLOLO..I love these downrampers....next week will prove what I say..GOLD up SBM up...thats the song being played here.....LOLOLOLO :2twocents

Chicken, having a differing view to yours does not make one a downramper. In fact, differing views are what make forums like this interesting places. It's always good to get another perspective and to consider other points of view.

I want to see less ramping and the repetition of the same information over and over again from you. You are also expected to show respect to others - even if they disagree with you. Remember, what is okay at other forums is not necessarily okay here.

Be very careful my feathered friend or say hello to your new avatar.

http://www.arikah.net/commons/en/a/a5/Roast_chicken.jpg

[chicken]

Just because somebody dares take a differing opinion to you doesn't make them a downramper, and it also doesn't give you the right to be derogatory towards them. That's just bad manners.

I actually hold SBM and have bought and sold in the past. I (and by the sound of it), a few others who follow this thread are merely trying rationalize why we continue to hold this company in our portfolio's.

Chicken, you offer us nothing but hype and hot air. I want to believe your ramps (and lets be honest - that's what they are), but you offer nothing with substance. You repeat your claims over and over and yet you offer no justification for your claims.

You obviously love SBM and have a great deal of faith in Ed. Some of us are a little more sceptical and require more concrete evidence than your ramps to convince us. As holder of SBM, I hope you are right and can turn around in the future and say "I told you so", but in the mean time wait until SBM have the runs on the board before you s**tbag the rest of us who also "do our own research".

I await a condescending response.......
I have no doubt of you doing your research..why do I hold SBM...not because I love them, but because so far SBM has delivered what they promised..and by looks of things, will do so, further see ED report...as I said before..the game has only just begun...and SBM have the management to take the company to the next level...as promised by ED Eshuys...so I hold a swag and looking at the graph...someone has been capping and accumulating them for whatever reason....look at volume, the last 4 months..there are 6 large volume spikes and the on Volume increased...that is why, I say its going to pop soon, as the sidwaytrading is very frustrating, as Gold rises SBM will rise, seems to follow the Gold price at present...I hold SBM because I feel its got the right mix of management and a very good CEO...after all he wants to see his Shareholding in the company do well..and so the other shareholders..as far as the BDG stake enough has been said and all I can say its a good start for 2007...as the POG rises so will SBM.... :2twocents

[Flying Fish]

I have no doubt of you doing your research..why do I hold SBM...not because I love them, but because so far SBM has delivered what they promised..and by looks of things, will do so, further see ED report...as I said before..the game has only just begun...and SBM have the management to take the company to the next level...as promised by ED Eshuys...so I hold a swag and looking at the graph...someone has been capping and accumulating them for whatever reason....look at volume, the last 4 months..there are 6 large volume spikes and the on Volume increased...that is why, I say its going to pop soon, as the sidwaytrading is very frustrating, as Gold rises SBM will rise, seems to follow the Gold price at present...I hold SBM because I feel its got the right mix of management and a very good CEO...after all he wants to see his Shareholding in the company do well..and so the other shareholders..as far as the BDG stake enough has been said and all I can say its a good start for 2007...as the POG rises so will SBM.... :2twocents

Um capping? what happens when you have a placement at 60 cents chicken? The price will go up instantly right? perhaps you know more than the rest and i actually hold sbm from .10 cents, but for the uninformed please tell us why the price has been bound in this range?

[chicken]

Um capping? what happens when you have a placement at 60 cents chicken? The price will go up instantly right? perhaps you know more than the rest and i actually hold sbm from .10 cents, but for the uninformed please tell us why the price has been bound in this range?
Why the price has been bound in that range..with the on volume increasing..an accumulator has been capping the price..as soon as the SP goes up a seller the accumulator has been dropping the price..selling into the market and then buying from the sellers who have no idea....but you must know that yourself..why ask me for the obvious....this happens to a lot of shares...and triggers stoplosses..I understand brokers know or can see them..that is why.... :2twocents

[Flying Fish]

Why the price has been bound in that range..with the on volume increasing..an accumulator has been capping the price..as soon as the SP goes up a seller the accumulator has been dropping the price..selling into the market and then buying from the sellers who have no idea....but you must know that yourself..why ask me for the obvious....this happens to a lot of shares...and triggers stoplosses..I understand brokers know or can see them..that is why.... :2twocents

Fairly cryptic response, but i guess someone can work it out. Anyway have a nice day chicken, and i am deeply sorry if I offended you.

[chicken]

Fairly cryptic response, but i guess someone can work it out. Anyway have a nice day chicken, and i am deeply sorry if I offended you.
I was not offended but just thought its so obvious...because the on Volume has gone higher....I know we are all frusturated by this sideway movement but it has to give sooner or later...IMHO :2twocents

[kennas]

I was not offended but just thought its so obvious...because the on Volume has gone higher....I know we are all frusturated by this sideway movement but it has to give sooner or later...IMHO :2twocents
Yes Chicken, but not necessarily up!

You should NOT be offended by anyone's questioning of your stock picks. Just respond objectively and reasonably and we'll all get on.

While BS baffles brains, the majority of the punters will not be sucked in by BS, so lets educate, assist, and provide, so that ASF florishes!

Good luck to all SBM holders! But buy it because you have waded through the noise! Or, otherwise.

[chicken]

I read and hear that a lot of shareholders are switching from BDG to buy SBM shares...not a bad thought in the longrun..we will see some action on monday....also its rumoured that Barracks Gold looking at BDG...getting interesting next week...I wish that capper would have bought enough of SBM shares so we can get some difference of SBM SP...here is hoping something will give.... :2twocents

[Kauri]

Chook
SBM chart(black candles) overlayed Spot gold chart(green candles).
Still keeping pretty much in sync.

[Fab]

2 of Eureka reports specialists recommended SBM as one of their shares to buy for this year. I bought a few weeks ago but unfortunately I bought at 0.60c, I still like this one so for the mid to long term.

[Kauri]

St Barbara says Bendigo should be holier

Andrew Trounson
January 16, 2007

ST Barbara chief executive Ed Eshuys says struggling gold miner and possible takeover target Bendigo Mining needs aggressive, closer hole drilling if it is to prove up reserves for resurrecting its Bendigo project.

Last week St Barbara snared a 10 per cent stake in Bendigo Mining, taking advantage of a share price collapse because of the shock decision to suspend mining at Bendigo and go back to the exploration drawing board. The move positions Mr Eshuys to press for a merger while acting also as a blocking stake to any other would-be acquirer.

Mr Eshuys said yesterday he had been casting his eyes over the Bendigo project for two years but had never agreed with the company's previous development strategy, which was now in tatters after initially targeted ore yielded disappointing grades and tonnages.

Mr Eshuys said new boss Rod Hanson remained on the wrong track with planned drilling of the highly variable ore too widely spaced at 200m a hole.

"That won't give you the detail that is required," Mr Eshuys said, suggesting a more aggressive spacing of 50m would be needed.

But Mr Hanson rejected criticism of the new exploration drive. He said it was a well-tested strategy to start with wide space drilling and then zero in on positive results with closer drill holes drilled 120m and then 40m apart.

"We need to start wider spaced and then home in on where the best results are," he said.

Mr Eshuys conceded he was not in a position to direct the strategy at Bendigo, but he would seek discussions with the company "at the appropriate time".

Mr Eshuys would not comment on whether St Barbara was planning a takeover bid but said its stake had given it options.

"Basically we have the option of sitting where we are, or making a bid, or selling," he said.

But while Mr Eshuys does not agree with Bendigo's exploration plan, he is in line with Bendigo in being upbeat. "There is potential for a long-life, low-cost, operation to be developed there." He said the fields had produced 22 million ounces historically, 17 million of which was from hard rock, and that mining was stopped by rising water levels, not by the ore running out.

Bendigo shares fell back 2.5c to 48c. St Barbara shares rose 3c to 54c.

[Ken]

For the chartists out there, technically speaking is SBM in a bad way, or has it found its support level?

The graph has appears to be tilting south. If it breaks below 50 cents are we looking at low 40's?

[chicken]

For the chartists out there, technically speaking is SBM in a bad way, or has it found its support level?

The graph has appears to be tilting south. If it breaks below 50 cents are we looking at low 40's?
KEN....there is a heavy CAPPER in this stock...why I do not know....look at the tradings of this stock since October....you also notice the on Volume is increasing...something is up....the Capper has DEEP pockets and will not let this stock run...check it out......just keeps it between 52c to 60cents.....its been going sideways but someone buying heavy....ON VOLUME IS UP...that gives the clue..check it :2twocents

[constable]

KEN....there is a heavy CAPPER in this stock...why I do not know..I understand Barrick Gold are looking at BDG and SBM....look at the tradings of this stock since October....you also notice the on Volume is increasing...something is up....the Capper has DEEP pockets and will not let this stock run...check it out......just keeps it between 52c to 60cents.....its been going sideways but someone buying heavy....ON VOLUME IS UP...that gives the clue..check it :2twocents
chicken im intrigued, how can you possibly tell the difference between a "capper" and someone who was unloading a large position and happy to do so between a certain range?
The same was said about inl (about 3 weeks ago) being capped but lookiing back now it would seem sellers were taking advantage of the higher sp and unloading.

[chicken]

chicken im intrigued, how can you possibly tell the difference between a "capper" and someone who was unloading a large position and happy to do so between a certain range?
The same was said about inl (about 3 weeks ago) being capped but lookiing back now it would seem sellers were taking advantage of the higher sp and unloading.
Easy how I can tell....if one of our major share holder sold down notification would be posted...and its happening since OCTOBER...also watch the trading of the stock ON VOLUME going higher..which is a good sign that someone is buying large chunks of stock...maybe even JP MORGAN buying more but for whom..that is the question...but in February we shoulkd have some answers....Also if one person sold a large position...then after the ON Volume would have droped..its NOT dropping....that why I say that..accumilation taking place..thats what I see...because the ON VOLUME tells me that....does that make sence to you....seems to me :2twocents

[constable]

Easy how I can tell....if one of our major share holder sold down notification would be posted...and its happening since OCTOBER...also watch the trading of the stock ON VOLUME going higher..which is a good sign that someone is buying large chunks of stock...maybe even JP MORGAN buying more but for whom..that is the question...but in February we shoulkd have some answers....Also if one person sold a large position...then after the ON Volume would have droped..its NOT dropping....that why I say that..accumilation taking place..thats what I see...because the ON VOLUME tells me that....does that make sence to you....seems to me :2twocents
This is what I dont understand... is that to cap a stock with volume coming in to it you would need a LOT of shares to keep belting it down, only a major shareholder could do that. Therefore there should be a change in substantial holding if it were a capper selling to push the price down, yes? no? only a major shareholder could cap a stock?
Or do you think it is a collusion of smaller shareholders?
It just doesn't seem obvious. It would make more sense to say that many shareholders are prepared to take advantage of the current selling price.

[Dr Doom]

I'm sorry chicken, I don't follow you either. Have a look at the chart and there is a high correlation with the gold price, & volume nothing extraordinary. ;) .

[kennas]

I've got a feeling the 'capper' theory is a way of explaining why the stock has stalled?

[GreatPig]

Sounds more like a crapper than a capper to me... :D

GP

[chicken]

I've got a feeling the 'capper' theory is a way of explaining why the stock has stalled?
Kennas...check the ON VOLUME...am I the only one who sees this....THE ON VOLUME IS RISING>>>>......meaning the volume of buys and sell is increasing...but with the POG increasing...see India starting within 1 months trading in Gold...forecaster on bulliondesk.com.....saying GOLD will rise ....the US will no longer be controlling the Gold as before...read it...it is getting intresting...by the way it was Kauri who saw that the POG and the Sp of SBM is following closely...as the results of the production start at Gwalia will be anounced in Feb....and the results of the Sullivan re Nickel...should all be out in Feb.... :2twocents

[noirua]

The largest trade on Friday was 100,000 shares at 53 cents with 881,530 shares going through. Trading was about average for SBM and tailed off a bit from the 1.2 million earlier in the week.

The 6 monthly chart, excellent at ASX, shows a definite downtrend, as does the 20 day moving average. Infact, there is a bearish triangle forming.

SBM does tend to move with the Gold Price, as shown by an earlier poster, and has shown no sign of breaking out on its own for quite a while now.

[chicken]

Read their quarterly report...also read..re Sullivans....re Nickel...more work being done...strike length...18kms....and Ed said its indeed pentherite Nickel deposit which needs more drilling....but 18kms strike lenth...could be another Cosmos here...read what the company said..... :2twocents

[sam76]

St. Barbara Raises Output Forecast on Higher Grades (Update1)

By Tan Hwee Ann

Jan. 22 (Bloomberg) -- St. Barbara Ltd., an Australian gold mining company, raised its Southern Cross gold production forecast by 4 percent after it mined higher-than-expected grades of ore in the second quarter.

The company now expects to product 172,000 ounces of gold for the year, from 165,000 ounces, Perth-based St. Barbara said today in a statement to the Australian Stock Exchange.

The company said it shipped 53,838 ounces of gold at an average price of A$785 an ounce ($604 an ounce) during the three months ended Dec. 31. It said it mined higher that forecast grades of ore at its Hercules and Marvel Loch Underground operations.

St. Barbara shares rose 1 cent, or 1.9 percent, to 54 Australian cents at 10:09 a.m. Sydney time.

[Agentm]

My feeling about this stock is that is that something is about to happen.

I am not saying that people should invest in the stock, nor do i own shares in it, but purely from a speculative point of view i have been following it for some time.. My view is that something major is about to occur in the history of the company, its taken a new course and direction and the management is on to something.. if your a shareholder i think you may be up for some interesting times...

All in MHO and DYOR

[goldilocks]

Gold has gone up US$10 overnight. LHG up >4%. Why has SBM fallen 0.5c to 52c? Is this a lagging gold stock?

[OK2]

No longer following the POG maybe. Finally a breakaway, a good action at the wrong time? With a name like St Barbara it almost sells itself, a bit of guided fortune and the Saintly content can bring some devine influence on the SP.

[Deadcat]

Chicken where are you???????? Is your friend Mr Capper still holding down price? Please tell him to get his hand of it so we can make some money!

[Dr Doom]

Warwick Capper??? Someone tell him he has to BUY to make money :D

[kennas]

Warwick Capper??? Someone tell him he has to BUY to make money :D

Chicken where are you???????? Is your friend Mr Capper still holding down price? Please tell him to get his hand of it so we can make some money!
Chicken only squawks when the sp in going up. :)

But I think it might eventually. They're establishing a nice resource and as a long term gold bull, I think they might make some money one day.

[Dr Doom]

kennas, I thought they were rolling in it, something like $60m cash in the bank. Yes, always something going on at SBM HQ. Haven't heard the last of them yet.
The shares on issue is the problem, they may have to increase the buy-back somewhat. But then, they are still hinting on further acquisitions, so they would need the spare cash. Probably their last chance to pick up a junior at these depressed prices.

[Deadcat]

I still like this company and think it has a great future. Not happy with current share price. Don't know enough about BDG to say that has anything to do with shareholders evacuating. Better go and research.

[Ken]

deadcat if you think the share price is no good.

then buy some more.....

[Deadcat]

Thanks Ken, but my dollars that are not invested in this company are presently actually earning me dollars elsewhere. I like to pick chickens bones due to his continual sales pitch, unsubstantiated share price predictions and his friend Mr Capper.

[danc]

Being held back for a rights issue maybe????

[Ken]

I think the stock is being dumped at the moment. Some big sells in the last 10 trades.

Not liking the looks of it for the next few months.

Looks like more downside than upside in the short term...

Falling below 50 cents seems significant and I can see it dropping to 45 cents.

Volumes are very low.

Over the last 12 months very disappointing stock.

Started 2006 at 50 cents....

[Deadcat]

I'm out, hit my stop. Happy to walk away for the moment. Wonder how long it will stay in the 40s.

[noirua]

Latest report on St Barbara: http://www.smh.com.au/news/business/st-barbara-keen-to-dig-gwalia-deeps/2007/01/22/1169330827283.html

Seems to cover the reasons for the shares of SBM being on the slide.

[HRL]

Good article. That helps to explain the slide. Why would anyone buy a 'troubled' company from it's own industry then not push to at least sit on the board? Don't seem to be rushing to meet the management team either. Weird. I would have thought you would want to put your own knowledge and expertise to work (and quickly) to get the company going again... unless they bought in for some other reason. And throwing up a huge production target only to massively underdeliver is an interesting tactic! What are these guys doing? :confused:

[Agentm]

perhaps the directors have something they are real keen on, its obvious they are keen on the gwalia mine. things are happening there ahead of schedule which usually points to good things..

[fleathedog]

I'm a holder from 13 cents and am very happy to continue. Sold a small packet at above 70 cents so this owes me nothing ;)

Did a revisit a week or so ago and think that there is still plenty of upside. The Southern Cross are producing some very handy cashflows, they have $59m in the bank and a $13m odd shareholding in Bendigo.

If they can prove up some of the Southern Cross resources and get Gwalia deeps happening SBM will get over $1 IMO. Another gold rally could add quite a bit more than that.

Gwalia feasability is due for consideration by the board in Feb, so notwithstanding POG moves or news on the Southern
Cross mine (good or otherwise!) I can't see the share price doing anything for at least a few weeks.

[rub92me]

Good article. That helps to explain the slide. Why would anyone buy a 'troubled' company from it's own industry then not push to at least sit on the board? Don't seem to be rushing to meet the management team either. Weird. I would have thought you would want to put your own knowledge and expertise to work (and quickly) to get the company going again... unless they bought in for some other reason. And throwing up a huge production target only to massively underdeliver is an interesting tactic! What are these guys doing? :confused:
Well, I don't think the article helps to explain anything. This was reported a week ago. The company actually overdelivered on their target. The 1 million ounces target is for 2010. Ambitious? Sure. But they haven't underdelivered yet...

[HRL]

172k to 1m in three years is a decent hike. If they can get Gwalia going by Q1 '08 as planned and additional resources through aquisitions it's possible. Plenty of positive exploration and some new licenses there also. Was a bit quick with my comments on Bendigo. Didn't realise they only did the deal two weeks ago. Perhaps production capacity was a consideration for SBM. Looks like BDG have more ability to process than they have resources to put through their plant... a 600k tonne pa. fully operational plant. Could be a good fit if SBM find they have loads of resource and BDG have excess production capacity.

[HRL]

Quick comparison with Lihir. LHG produced 650k oz this past year and estimate 800-830k oz for next year. If SBM can get to 1m oz by 2010 they deserve a pat on the back. I hope they can and am starting to like these guys but want to know more and I can't find anything about their production facilities. LHG's mills had a throughput of 4.3m tonnes to produce their 650k oz. How are SBM equiped... anyone know? I might have misssed something but their website and reports talk mostly of what they are outputing and what they can produce but not much about how they will do it.

[kennas]

Well, I don't think the article helps to explain anything. This was reported a week ago. The company actually overdelivered on their target. The 1 million ounces target is for 2010. Ambitious? Sure. But they haven't underdelivered yet...
I would call it a little ambitious since they only have about 7m oz in reserves atm. They´ll have to buy into some serious deposits to ramp up to this level. Even if they take BDG we don´t know what´s really there. So, acquisition of current miners or those ramping up to production is probably the only way IMO.

[chicken]

I would call it a little ambitious since they only have about 7m oz in reserves atm. They´ll have to buy into some serious deposits to ramp up to this level. Even if they take BDG we don´t know what´s really there. So, acquisition of current miners or those ramping up to production is probably the only way IMO.
Kennas...tell me, has not ED delivered as promised and what I ,or, you call is immarterial...SBM has one of the best ground in Australia for GOLD and looks like the Sullivan which has a 18km strike length for NICKEL...SBM maybe ambitious but so far the company has delivered...if you wish to show us how you came upon your opinion please post..as its only an opinion nothing else...see their lates report..where the Sullivan was mentioned...as SBM will also gear up for Nickel mining..its all there to read..and not an opinion :2twocents

[Agentm]

i suspect you are about to find out what ed is up to today!!

[Dr Doom]

Do you have a special crystal ball Agentm? ;) An aquisition maybe, as the sp is tanking as we speak. :(

[redandgreen]

What are the implications of today's court ruling against sons of Gwalia for SBM?
Could this be one of the reasons for SP decline?? Watch out the same thing might happen with BDG.

[HRL]

Hmmm, this is a big call to allow shareholders the same status as creditors against a failed company and way bigger than just Sons of Gwalia.

Anyway, didn't SBM only purchase the assets from the gold division rather than the entire company? If so then the $38m SBM paid to Sons of Gwalia should have been used to pay debts to creditors and therefore this ruling shouldn't have any impact on SBM at all. If SBM did actually buy the whole company then thats another story...

[chicken]

Hmmm, this is a big call to allow shareholders the same status as creditors against a failed company and way bigger than just Sons of Gwalia.

Anyway, didn't SBM only purchase the assets from the gold division rather than the entire company? If so then the $38m SBM paid to Sons of Gwalia should have been used to pay debts to creditors and therefore this ruling shouldn't have any impact on SBM at all. If SBM did actually buy the whole company then thats another story...
SBM...purchased the GOLD assets NOT THE company....court ruling DOES NOT affect SBM...... :2twocents

[Sodapop]

THANKS for CLEARING that UP! Chook... ;)

[chicken]

What I quoted what ED said was in THE BENDINGO ADVERTISER 30th January 2007 and the headline said.....SHOW US THE GOLD this stock is getting ready for another run as long as GOLD is heading in the right direction... :2twocents

[wayneL]

Gold looks good so long as the fed refuses to address inflation (real inflation, not the fraudulent rubbish figures they expect us to believe)

In USD at least.

[sunboy]

Noone knows why this stock stays so cheap. There are many gold explorer which gain no profit and have stock prices of 2 $. Peope are so stupid, if they can´t wait for the assured hype of barbara. Compare the profits, gold resources and stock prices with other companies and you will see what will be sure:
This will be the year of barbara.

[Kauri]

As much as it pains me, I'm with the chook, I think SBM may be ripe for a turn around... :hide:

[HRL]

I'm on the train now too. Good reserves, no debt, plenty of cash in the bank + investments, promising projects, aggressive business plan and the switched on, ass kicking Mr Ed in the big chair. SBM looks good to me and I also can't see why they are at 50c. Still have a question mark over their processing ability though. LHG are further down the road with huge reserves, higher production, deeper pockets and the same ambition to get production past 1m oz pa... only they are about to stump up $500m for a mill to realise that ambition. What are SBM doing? :sly:

[Agentm]

HRL your on the money..

exceptional management and a clear idea of progression.

sometimes people are not able to see the trees because of the woods..

SBM clearly gave a warning shot accross the bows of bendigo yesterday, time to see what the players are up to i think..

i have not invested in this venture but if i had to invest in a gold stock this ones an opportunity and a half alright!!

[noirua]

We have to just accept that SBM have been reversed into the sidings. Recent news has not raised confidence and the stock may not get back to 60 cents for quite a while.

[chicken]

I'm on the train now too. Good reserves, no debt, plenty of cash in the bank + investments, promising projects, aggressive business plan and the switched on, ass kicking Mr Ed in the big chair. SBM looks good to me and I also can't see why they are at 50c. Still have a question mark over their processing ability though. LHG are further down the road with huge reserves, higher production, deeper pockets and the same ambition to get production past 1m oz pa... only they are about to stump up $500m for a mill to realise that ambition. What are SBM doing? :sly:
When SBM bought the SWG GOLD assets....they also got 4 Gold smeltering places in WA....Mr Tim Treadgold said...that if Ed gets it together and starts producing GOLD..which he is that SBM will be a sleeper with a wakeup call...but as Kauri just posted..it looks as if we have turned the corner..also nearly 80% of ALL share are now owned by 20 shareholders....of course the small holder is selling to the large holder...and as ED got 10million shares and options himself...he is looking to get results..and he is getting them...be sure to watch him as he does not suffer FOOLS....I am sure of that..the operation is getting larger by the months....and I think BDG is NOT a lost cause....as ED will sort it out...he is singing a song called..I DO IT MY WAY.... :2twocents

[Warren Buffet II]

Did a revisit a week or so ago and think that there is still plenty of upside. The Southern Cross are producing some very handy cashflows, they have $59m in the bank and a $13m odd shareholding in Bendigo.


Yes, they could have $59m in the bank but that money is not from revenue or profit, that money is from the issue of shares last year (They issued 99,000,000 @ 0.60 = $59m). So money in the bank for a mining company is nothing as none lend them money because they are too risky and they need to keep all that cash for operations.

WBII

[chicken]

Yes, they could have $59m in the bank but that money is not from revenue or profit, that money is from the issue of shares last year (They issued 99,000,000 @ 0.60 = $59m). So money in the bank for a mining company is nothing as none lend them money because they are too risky and they need to keep all that cash for operations.

WBII
In fact their books show that SBM had...$79336000 in their bank and the BDG purchase was $17million...so yes they have NO debt and operating to a budget which seems to work..and looking in going forward from here their last years earning was only 1 cent per share but for the company is going from strength to strength as when the full Nickel results from the Sullivans is known we might see some real action taking place..the talk is that the Sullivans has a 18km strike length..read it its in their last report.... :2twocents

[noirua]

In fact their books show that SBM had...$79336000 in their bank and the BDG purchase was $17million...so yes they have NO debt and operating to a budget which seems to work..and looking in going forward from here their last years earning was only 1 cent per share but for the company is going from strength to strength as when the full Nickel results from the Sullivans is known we might see some real action taking place..the talk is that the Sullivans has a 18km strike length..read it its in their last report.... :2twocents

Felix trade at 50.5 cents against a 12 month high of 74 cents. They may be a good buy at this price, if so, it may be best to remember that SBM is a speculative stock and therefore high risk.

[chicken]

Felix trade at 50.5 cents against a 12 month high of 74 cents. They may be a good buy at this price, if so, it may be best to remember that SBM is a speculative stock and therefore high risk.
Mate do some research as you give no facts but just opinions..and I have no time for BS...this is a SBM thread if you wish tio post about other stocks do so on the appropriate board...all miners have risk..that is if you understand it....DO SOME RESEARCH first as so far you have not demonstrated that you know what its all about :2twocents

[noirua]

Mate do some research as you give no facts but just opinions..and I have no time for BS...this is a SBM thread if you wish tio post about other stocks do so on the appropriate board...all miners have risk..that is if you understand it....DO SOME RESEARCH first as so far you have not demonstrated that you know what its all about :2twocents

Hi chicken, I have been following St Barbara (Endeavor Resources) since the late 1970's and infact have held stock as far back as that.
Your posts are difficult to follow due to brief comments followed by "..." and I fully understand this, if, you have difficulty with the English Language.
Many may understand my post, as you have been extremely bullish about SBM and no doubt will be able to explain the stocks fall from 74 cents to 50.5 cents. Good Luck.

[Dr Doom]

Ay, 'tis the capper again captain ;) :D

[porkpie324]

Oh no seagoon not the dreaded 'capper'porky

[chicken]

Oh no seagoon not the dreaded 'capper'porky
Mate, a stock stops sometimes..right...but what I can see is that a big buyer wants in.....I posted before that now nearly 80% of all shares are owned by 20 shareholders...now they spent Millions of $$ and you fellows sugest you know what you are doing...that is a laugh..and those 20 shareholders who spent millions you think they dont know...that is a laugh...they know what is going on more than any of us...small holders....JP Morgan are on the books as well...they know this will be good stock....otherwise they would not have bought...and when everything comes together which it slowly does...than liike ZFX or AGM or even SBM will say I told you so :2twocents

[chicken]

Hi chicken, I have been following St Barbara (Endeavor Resources) since the late 1970's and infact have held stock as far back as that.
Your posts are difficult to follow due to brief comments followed by "..." and I fully understand this, if, you have difficulty with the English Language.
Many may understand my post, as you have been extremely bullish about SBM and no doubt will be able to explain the stocks fall from 74 cents to 50.5 cents. Good Luck.
You should also know, that even its the same company but A LOT of CHANGES HAD OR HAVE TAKEN PLACE...HOLDING THE SHARES WITHOUT KNOWLEDGE is not a good idea....and the GOLD assets bought from swg...made SBM into what it is today...A PRODUCER....which is a lot more risk free than a non producer....not burning the $$$$...which a lot of the others do...the SP will recover soon you will see....why....check what Ed is up to.....that might tell you where we are at :2twocents

[Warren Buffet II]

JP Morgan are on the books as well...they know this will be good stock....otherwise they would not have bought...

Well Chicken, I think you missed the comment that JP Morgan is not a substantial holder anymore and they have reduced their holdings in the company (by the way, they made a loss doing that)

WBII

[noirua]

You should also know, that even its the same company but A LOT of CHANGES HAD OR HAVE TAKEN PLACE...HOLDING THE SHARES WITHOUT KNOWLEDGE is not a good idea....and the GOLD assets bought from swg...made SBM into what it is today...A PRODUCER....which is a lot more risk free than a non producer....not burning the $$$$...which a lot of the others do...the SP will recover soon you will see....why....check what Ed is up to.....that might tell you where we are at :2twocents

SBM were founded in 1969 and became a Gold Producer in 1973. They have certainly been a continuous PRODUCER since 1978, to this day. I think we all know where Mr Ed Eshuys is at, it's just a matter of shareholder confidence being built in Gwalia Deeps and a recent acquisition. When was it you said 1 million ounces would be produced?...?

[noirua]

There is a very strong position on the SBM chart between 45 cents and 50 cents and it would indeed be a blow to see the shares fall below that. If SBM did, the next stop would be 35 cents and that would be a confidence issue for Mr Ed Eshuys.

The Gold price remains strong and only a sudden reversal is likely to cause SBM stock to seriously wobble. PERHAPS, watch and wait is the order of the day for those of us who wait for a significant profits lift in a couple of years time.

[Fab]

Here is what appears to be very good news for SBM

Gwalia Development Approved

:)

[Dr Doom]

Yes, looks very good -

"The Board has approved the development and
mining of Gwalia Deeps. Current Probable
Reserves are 4.8 million tonnes at 9.1 grams per
tonne (g/t) for 1.4 million ounces with life of
mine cash costs of A$395 (US$305) per ounce.
The current Gwalia Deeps reserves will sustain
production for at least 8 years. Gold
production will be at the initial rate of 100,000
ounces per annum in 2008/09 building up to
200,000 ounces during 2009/10."

[noirua]

Basic profit from Gwalia Deeps should be A$30,500,000 in 2008/9, rising to A$61,000,000 in 2009/10. Early indications of mine life is 8 years and possible roll out on upgrading the recovery status. Lock-in gold sale price set at A$700 per troy oz.

[Dr Doom]

The ann was so good that the sp has lost 2c this morning????? Must have been expecting better????? Feels like an giant elastic band is being stretched behind SBM, if it takes off it should be spectacular.

[sam76]

Pre‐production capital is estimated at A$110
(US$85) million for mine development, mine
infrastructure and the upgrade of the Gwalia
processing plant. Sources of funds for the
development includes cash reserves, cash flow
and additional financing to be finalized within
the next three months. The operation is
forecast to be cash flow positive in year
2009/10, the second year of production.

This is what the market is worried about...

Everyone gets concerned when Co's put their hand out for cash.

[mmmmining]

This stock shows continuous weakness. I don't know where it is justifiable or not. I decide to take a position to generate some of my interest and betting on the uptrend of gold price.

Ironically, the price I paid is about the same price I sold about one year ago.

[noirua]

57cents seems to be the bottom...that is if you want any size parcel...you might get 8 shares for 56.5 cents..but any price below 60cents is a good buy....I now hold 300k....for long term gain..... - 20/12/06 - post 764


Errmmmmmmmm, no comment.........

[chicken]

- 20/12/06 - post 764


Errmmmmmmmm, no comment.........
So what...I am a LONG term investor...this is going to bite you in 12 months maybe sooner..why...look what was said about the SULLIVAN...a 18km strike length in NICKEL and they are assesing how much they have got...NI now nearly $40k a ton....so your upside will be very sudden....2 traders or brokers are working this stock....watch for updates as it will surprise....especially NICKEL :2twocents

[Dr Doom]

So what...I am a LONG term investor...this is going to bite you in 12 months maybe sooner..why...look what was said about the SULLIVAN...a 18km strike length in NICKEL and they are assesing how much they have got...NI now nearly $40k a ton....so your upside will be very sudden....2 traders or brokers are working this stock....watch for updates as it will surprise....especially NICKEL :2twocents

Chicken, what trading platform are you using to see these traders/brokers, or how do you know this?

[chicken]

Chicken, what trading platform are you using to see these traders/brokers, or how do you know this?
The ASB bank in NZ..gives you the amount of buyers and sellers....2 brokers playing....that way you see what is happening....the 2 brokers sell it down or up...also noticed in the last 2 days...they are no longer selling...intresting I thought....also re Sullivan....look at their last report its all there.... :2twocents

[kennas]

The ASB bank in NZ..gives you the amount of buyers and sellers....2 brokers playing....that way you see what is happening....the 2 brokers sell it down or up...also noticed in the last 2 days...they are no longer selling...intresting I thought....also re Sullivan....look at their last report its all there.... :2twocentsChicken, the question was how do you know it's 2 brokers doing this buying and selling.......

[chicken]

Chicken, the question was how do you know it's 2 brokers doing this buying and selling.......You can beliefe me as I got this information from a relaiable source....be happy SBM is showing signs of life....look at BDG things are starting to heat up.....POG going higher...also how are your SMM shares...spot price of U now US$80......as my mate at HC said will be US$100 soon...cigar lake...8 years they say no production...the German scintists are saying NEVER as Radon present....human will die there... :2twocents

[kennas]

You can beliefe me as I got this information from a relaiable source....Thanks Chicken that clears it up, but it's not really the type of source information appropriate on ASF. A 'relaiable source' could be just your mum really?? I'm sure she is relaiable though.....

[chicken]

Thanks Chicken that clears it up, but it's not really the type of source information appropriate on ASF. A 'relaiable source' could be just your mum really?? I'm sure she is relaiable though.....
Do you think I will tell you...?? Its from the industry...cant tell you who as the person would lose their job...not prepared to tell...but its relaiable....happy days again SBM starting to show life...look at BDG...someone wants them badly...I wonder who......will be a great little moneyspinner for SBM....well done by ED :2twocents

[The Mint Man]

:headshake yes... well done Ed. :bowdown:
:D

[mmmmining]

Thanks Chicken that clears it up, but it's not really the type of source information appropriate on ASF. A 'relaiable source' could be just your mum really?? I'm sure she is relaiable though.....

Disrespect other people's mum is very bad. You must be drunk. IMHO, you have to say sorry.

[porkpie324]

Evidently 'chicken' has the inside on bird flu too, (chickens turn into migrating birds on their long distance flights)porkpie

[Deadcat]

I am of the opinion that Chicken holds alot of SBM stock and is finding it hard to let go, that is why he only squawks good news/upside. Perhaps his money could be working alot better for him in other stocks but his stubborness for the turnaround seems absolute. Good luck to Chicken and I hope this stock does start climbing back up soon. I have no idea why it dropped to under 50c but it seems steady at 51c. I am out of this stock and have invested my dollars elsewhere. Ready to get back in when there is some good news as I still believe this to be a good long term stock.

[danc]

You know maybe he is not wrong, every time this one looks like getting up off the ground there is a seller appears later in the morning at the high or just above for around 450 thou shares and after a few days or sooner down it goes to .48/.475?? Maybe there are a couple of kiwi AHs doing just this. I got out of some Friday at .515 there was no sell off Friday now here is again. Or maybe it is my imagination.

[Freeballinginawetsuit]

Strange indeed, I had a sell up at 53 cents and it looked just about to go, then bingo back to 50 cents wth accumalation bids up within seconds :D .

Chicken may be squawking some truths :eek: .

[Dr Doom]

Reasonably favourable court ruling, SBM comes away with having to pay $700k instead of $9.7m. This gets one unknown out of the way.

[noirua]

The Sons of Gwalia saga goes on and on: http://www.delisted.com.au/Company/7589

[chicken]

The Sons of Gwalia saga goes on and on: http://www.delisted.com.au/Company/7589
Noirua...tell me what has SBM to do with SGW..SBM bought the GOLD assets from Sons of Gwalia...nothing more and nothing less....this thread is SBM not about a company which went belly up...SBM has no other business with Sons of Gwalia..so give it a rest, and concentrate what we are about at SBM...after all who cares its water under the bridge which DOES NOT AFFECT SBM.....if you wish to read about other companies demise do so on the sons of Gwalia thread...as IT DOES NOT CONCERN SBM what their story is....SBM BOUGHT THE ASSETS FROM SONS OF GWALIA...did you get that...anything else is NOT RELEVANT....SBM IS NOW PRODUCING GOLD AT 177000 ozs per year....and growing bigger...aiming to produce 500kozs Gold by 2009....and aiming to produce 1million ozs by 2010....thats what is important not the SGW story..which is old hat now :2twocents ...

[noirua]

Open Briefing: http://www.asx.com.au/asxpdf/20070216/pdf/310zwfrpmr4cc0.pdf

Half Yearly Financial Report:
http://www.asx.com.au/asxpdf/20070216/pdf/31100jw33tfq8f.pdf


Fund raising looks to be the question market that prevents this stock from rising to last years peak. Providing all goes well at Gwalia Deeps, the company becomes cash positive, on that investment, in 2009/10. Exploration cost is $20 mpa. Quite a lot depends on the gold price with so much expenditure down the line.

[noirua]

Reasonably favourable court ruling, SBM comes away with having to pay $700k instead of $9.7m. This gets one unknown out of the way.

Link to above: http://www.thewest.com.au/default.aspx?MenuID=32&ContentID=21235

[chicken]

Link to above: http://www.thewest.com.au/default.aspx?MenuID=32&ContentID=21235
Right...another saga under the bridge FROM FORMER X EMPLOYEES which SBM has no responsibility...give it a rest as SBM is NOW a completly different company....what happened 7 years ago is now finished and the $700k they paid..is not sending SBM to the wall....this group is growing..and raising money is no problem for them....also ROBOT trading by brokers here in a big way check it out....this will become good stock....SBM has got the right management to go to the next level.... :2twocents

[noirua]

Following on with the scoping study by Sons of Gwalia at Gwalia deeps, completed in Dec 1999. Exploration then showed a probable source of up to 2 million ounces at depths between 1,000 metres and 1,400 metres - quite a challenge.

[danc]

Up to .54 big sellers down to .495 now they are buying and no major sell, thats it .53 I am gonna sell a third and buy back under .50, this could go on for 12mths... geez I would love to know who they are go pay em a visit. :banghead:

[rub92me]

Something is brewing. 1 million shares gobbled up at 55 cents.

[kennas]

Something is brewing. 1 million shares gobbled up at 55 cents.That is significant. No run of the mill day trader taking a punt there....

[kennas]

Quite a bit of resistance at 55 to overcome however.

[chicken]

The shorts are being panebeated.....thats what happends when you short a stock...now they have to buy to cover...someone will lose money today...LOLO :2twocents

[chicken]

Looking better today....was shorted in a big way...but it looks as if we will finally see the light again...been going on for many months....hope that now gold is rising our overseas buyers will return....brokers been having a field day here....over 10million traded today....volume spike...should POG rise further than the SP will certainly run...but with a 11% rise today...looking good today....trading at 56cents.... :2twocents

[Kauri]

At the risk of letting the chook loose in the henhouse... took a short-term entry in SBM today....

[chicken]

Kauri...thanks for the graph...you are fantastic to post it....looking long and strong with another POG rise of $12 to US$679..... :2twocents

[Kipp]

The shorts are being panebeated.....thats what happends when you short a stock...now they have to buy to cover...someone will lose money today...LOLO :2twocents
I'm nt a trader, so this may be a thick question... but I don't see how you can tell when someone is shorting a stock? All I see is sell depth, so whether that depth is interpreted as profit taking, stop losses, or shorting is all just speculation as far as I can tell- but posibly you are using more advanced software than I.

[Dr Doom]

At the risk of letting the chook loose in the henhouse... took a short-term entry in SBM today....

Nice entry kauri, up 3c or 5% today :D

Welcome to the chicken coup, grab your suit!

[Dr Doom]

JP Morgan Chase notice of initial shareholder @ 5%.

4-Dec-06 JPMAM(UK) ST BARBARA LIMITED Purchase AUD 0.61 2,600,000
5-Dec-06 JPMAM(UK) ST BARBARA LIMITED Purchase AUD 0.61 400,000
26-Feb-07 JPMAM(UK) ST BARBARA LIMITED Purchase AUD 0.57 1,100,000

Chickens capper shows their hand ;)

[nizar]

I hear that Citigroup are pushing this one to all their big clients.

[redandgreen]

I hear that Citigroup are pushing this one to all their big clients.
This one is a favorite among many analysts.....(frequent mention has been made in the Eureka Report and other scholarly publications over the last 6 months...time alone will tell I guess.

[kennas]

10 Jan


Firstly...Mr Ed Eshuys said that SBM will be included in the ASX200 as per November SBM presentation...

S&P ASX quarterly rebalance out. SBM not even in the ASX300....oh well. :eek7:

[chicken]

10 Jan



S&P ASX quarterly rebalance out. SBM not even in the ASX300....oh well. :eek7:
Kennas you seem to want a confrontation with me all the time...SBM happends to be in the ASX 300.....that is if you take the time and look...but you seem to think you know it...SBM IS IN THE ASX 300....so :2twocents

[chicken]

Kennas you seem to want a confrontation with me all the time...SBM happends to be in the ASX 300.....that is if you take the time and look...but you seem to think you know it...SBM IS IN THE ASX 300....so :2twocents
Also SBM buying more of BDG.....cheap entry here....below BDGs assets valuation.... :2twocents

[kennas]

Kennas you seem to want a confrontation with me all the time...SBM happends to be in the ASX 300.....that is if you take the time and look...but you seem to think you know it...SBM IS IN THE ASX 300....so :2twocentsYep, you're right. My mistake. I should have stuck with the fact that you were claiming SBM would be included in the ASX200, which it was not. Do you think Ed loses any credibility when he makes these claims and they don't come to fruition. Do you?

[chicken]

Yep, you're right. My mistake. I should have stuck with the fact that you were claiming SBM would be included in the ASX200, which it was not. Do you think Ed loses any credibility when he makes these claims and they don't come to fruition. Do you?
Like I told you about AGM..re ASX300...I would say my prediction for SBM will come into fruation in the 2nd half of the year...SBM will enter the ASX200 this year..if you ask me how I know....I just know ,this is going to happen....watch the space ......I have posted many times on stock on this board...and it happened....I have followed SBM since ED entered the company and became CEO.....and now with PJ Morgan in US buying shares in this company...things are going to happen fast...thats the way the Yanks work....and I will say that SBM are going to be NO 3 in the Gold industry in Australia....there is going to be a lot more than what I posted....believe it...I DO... :2twocents

[Uncle Festivus]

Go Pajama Morgan, woo hoo :D

[redandgreen]

Like I told you about AGM..re ASX300...I would say my prediction for SBM will come into fruation in the 2nd half of the year...SBM will enter the ASX200 this year..if you ask me how I know....I just know ,this is going to happen....watch the space ......I have posted many times on stock on this board...and it happened....I have followed SBM since ED entered the company and became CEO.....and now with PJ Morgan in US buying shares in this company...things are going to happen fast...thats the way the Yanks work....and I will say that SBM are going to be NO 3 in the Gold industry in Australia....there is going to be a lot more than what I posted....believe it...I DO... :2twocents
I have always admired people of such unshakeable conviction, I certainly hope for all our sakes, that you,Tim Treadgood and Charlie Aitken are right re SBM's bright future.....

[chicken]

I have always admired people of such unshakeable conviction, I certainly hope for all our sakes, that you,Tim Treadgood and Charlie Aitken are right re SBM's bright future.....
The person you are talking about is Mr Tim Treadgold...Journalist/Geologist..Degree in Geology to the Perth University...knows his stuff....I am convinced SBM is going to make the grade...SBM buying more stock of BDG as at 30.5c is under valuation of Company assets....and where BDG has their mine its EDs old hunting ground...just feel sorry for BDG holders as SBM...the great white is bitting of the pieces one by one..before swallowing it...tough game this gold game...but we have got a great this management...all just BUSINESS...and that is what we need in SBM on the helm...a tough team :2twocents

[noirua]

Hi Chicken, Is it true that SBM will have increasing problems mining at Gwalia Deeps, due to the depth, that averages 1,200 metres?

[chicken]

Hi Chicken, Is it true that SBM will have increasing problems mining at Gwalia Deeps, due to the depth, that averages 1,200 metres?
You know and I know that to assume something we have no knowledge about is stupid...all mining presents problems...so what are you on about....SBM have the people who sort out the problems as they arise...so leave it to the experts and not share traders ....capice :2twocents

[noirua]

You know and I know that to assume something we have no knowledge about is stupid...all mining presents problems...so what are you on about....SBM have the people who sort out the problems as they arise...so leave it to the experts and not share traders ....capice :2twocents

So easy to dismiss the future by inferring that all this experience can be brought to the situation and thereby solve it.

It will be 2009/10 before the Gwalia Deeps mine becomes cash positive. Sure, we can expect an upgrade in July this year as promised and we await this with interest. (inferred versus indicative)
The Gwalia Mill is set to process Gwalia Deeps ore and looks set to reduce costs which are predicted by, Mr Ed Eshuys, to be at A$102 per tonne.
Ground support costs have already been outlined as being more costly than originally envisaged, due to the depth, and have been increased.
It will be interesting to see how the cost estimates come out and how they are projected to 2009/10. Afterall, the risk factor and expected gold recovery, set at 77%, are all important and analysts will use this in predicting the future share price of SBM.

Discussions previously, on mining levels, that may increase from 15 metre intervals to 20 metre intervals, or more, at Gwalia Deeps, may increase costs considerably. This has been one cause for concern.

[chicken]

You know and I know that to assume something we have no knowledge about is stupid...all mining presents problems...so what are you on about....SBM have the people who sort out the problems as they arise...so leave it to the experts and not share traders ....capice :2twocents
Nourua....worry about it ....I dont, as, read what I said...as your downramping will not change the situation...SBM is or will be Australias NO3 company in Gold production...and BDG will be swallowed by this great white...its sticking out a mile....and BDG 11million ozs of Gold will make SBM into a 20millionOzs of Gold in the ground.....thats the way I see it....

[It's Snake Pliskin]

Nourua....worry about it ....I dont, as, read what I said...as your downramping will not change the situation...SBM is or will be Australias NO3 company in Gold production...and BDG will be swallowed by this great white...its sticking out a mile....and BDG 11million ozs of Gold will make SBM into a 20millionOzs of Gold in the ground.....thats the way I see it....

Chicken adds new vocabulary to the forum. :) The polar opposite of the chook.

[kennas]

Nourua....worry about it ....I dont, as, read what I said...as your downramping will not change the situation...SBM is or will be Australias NO3 company in Gold production...and BDG will be swallowed by this great white...its sticking out a mile....and BDG 11million ozs of Gold will make SBM into a 20millionOzs of Gold in the ground.....thats the way I see it....

Firstly, the almost 11m oz BDG claimed to have is now highly contentious. That's why they had to stop production and go back to exploring to redo a JORC estimate.

Secondly, SBM do not have anywhere near 9m oz au JORC in their various tenaments.

In the future, SBM may make other discoveries or acquisitions to extend their resource, but claiming 20m at the moment is just plain wrong. I encourage all members to do their own research on the information presented here to ensure you have the facts before making an investment decision. Cheers.

[chicken]

Chicken adds new vocabulary to the forum. :) The polar opposite of the chook.
Ja Snake Pliskin...wen du Deutsch verstehen wuerdest dann wuerde ich in Deutsch posten....wenn ich auch fehler mache...verstehen tut ihr es ja...LOLOLOLOLOLOLOLOLOLOLOLOLOL.... :2twocents

[Kauri]

Discussions previously, on mining levels, that may increase from 15 metre intervals to 20 metre intervals, or more, at Gwalia Deeps, may increase costs considerably. This has been one cause for concern.

Wouldn't putting drives in from the main decline at 20mtr as opposed to 15mtr save money???

[noirua]

Wouldn't putting drives in from the main decline at 20mtr as opposed to 15mtr save money???

Hi Kauri, You are of course quite right. I thought chicken would pick up the deliberate error and pillary me - it seems he didn't know.

[Dr Doom]

Mawson West Ltd is pleased to announce a substantial Joint Venture between MWE and St
Barbara Limited (SBM). SBM is farming into the 112km2 Golden Mile South Project, located 4km
southeast of the 74Moz Kalgoorlie Super Pit in Western Australia.

Surrounded by +100Moz Au and +4.5Mt Nickel, endowed region

The GMS Project covers approximately 112km2 and is located south-east of Kalgoorlie (Figure 1)
which hosts over 80Moz of gold. The north-west boundary of the GMS Project lies approximately
4km from Kalgoorlie Consolidated Gold Mines Ltd (Newmont-Barrick JV) “Super Pit” operation.
The Super Pit is Australia’s largest producing gold mine and produces over 800,000 ounces of
gold per year. The Kalgoorlie region is host to over 100M oz of gold and over 4M tonnes of Nickel
metal– truly one of the premier addresses in the world for mineral endowment.

[chicken]

Mawson West Ltd is pleased to announce a substantial Joint Venture between MWE and St
Barbara Limited (SBM). SBM is farming into the 112km2 Golden Mile South Project, located 4km
southeast of the 74Moz Kalgoorlie Super Pit in Western Australia.

Surrounded by +100Moz Au and +4.5Mt Nickel, endowed region

The GMS Project covers approximately 112km2 and is located south-east of Kalgoorlie (Figure 1)
which hosts over 80Moz of gold. The north-west boundary of the GMS Project lies approximately
4km from Kalgoorlie Consolidated Gold Mines Ltd (Newmont-Barrick JV) “Super Pit” operation.
The Super Pit is Australia’s largest producing gold mine and produces over 800,000 ounces of
gold per year. The Kalgoorlie region is host to over 100M oz of gold and over 4M tonnes of Nickel
metal– truly one of the premier addresses in the world for mineral endowment.
Looks as if SBM is finally getting it back together...just when gold is ready to run again...looking good

[kennas]

Looks as if SBM is finally getting it back together...just when gold is ready to run again...looking goodChart wise, doesn't look like it's going anywhere. Been going sideways for 12 months. Testing support line at the moment....dropping through 50 could be untidy now.

Could have put your money in the bank and made 5% instead....Or stocked up on KFC!

I'm a gold bull for some reason, so I suspect this might go ok if POG gets back to all time highs. If not.....

[chicken]

Kennas...check your Gold chart....and yes you are right GOLD has gone sideways.and its done this 4 times in the last 10 years....but its been brought to my attention that POG is just ready to go again...4th leg up....SBM follows POG and the verdict will be at present the POG...JP MORGAN have taken a substancial position in this stock as JP believes that POG will rise....but even so...going for another Super pit will make this stock very intresting...I believe in Gold as inflation hedge....and being in the 100mozs field will make SBM very attractive for overseas investors...I am still holding...and believe that at present price SBM has an upside potential...just my feeling on this subject....

[sam76]

10:18:11 0.5200 8,588,557 4,466,049.64 XT

there's something for ya chicken!! :)

[Deadcat]

This stock has a lot of volume being traded but the share price doesn't seem to be going anywhere. Glad I sold out for the time being to make money elsewhere. Considering getting back in but difficult decision when no upside to shareprice. Chicken you are a very loyal shareholder.

[danc]

Good head and shoulder patten as a base has broken through the down shoulder line lots more buyers than sellers around the .55 line. I reckon this is on the verge of running, a close above .58 /.60 would see this away inmyopn,AT LAST.

[kennas]

Good head and shoulder patten as a base has broken through the down shoulder line lots more buyers than sellers around the .55 line. I reckon this is on the verge of running, a close above .58 /.60 would see this away inmyopn,AT LAST.You're talking inverse H&S right? If it is, then I'd have 60 as a target as well but there's lots of resistance there. Once broken through perhaps it's back on the way up again. Until then, sideways....

[noirua]

You're talking inverse H&S right? If it is, then I'd have 60 as a target as well but there's lots of resistance there. Once broken through perhaps it's back on the way up again. Until then, sideways....

The strong Aussie Dollar will make it difficult for SBM to improve their profitability. I bought the stock at about the present price and feel that a good outcome at Gwalia Deeps is needed.

[Uncle Festivus]

I'm thinking SBM is near some sort of break-out up or down soon as per the symmetrical triangle as in the weekly chart, with solid buying support recently.

[danc]

Above the down trend line on the day and week, big buyer at .57 ,1.5m, gold at usd 692,is at possible this one is going to go at last.??

[OK2]

SBM a big mover today!!! Have we seen the light?

[sam76]

Apparently the Fat boys put a buy rating on it yesterday

[OK2]

I sense a Chicken Dance is overdue! May also have something to do with Mr Ed's North America Roadshow Presentation.

[sam76]

can YOU do the chicken dance? :)

[chicken]

Took a while for the market to move...YANKS are buying....POG must be going for a spin...yep,I am happy to hold..I wonder what ED is up to...as this is the biggest rise we had for a while...the capper must have got his fill and with over 10million shares traded we may see more action here yet....:2twocents

[kennas]

...YANKS are buying....POG must be going for a spin...yep,......I wonder what ED is up to......the capper must have got his fill .... :D LOL. Great to see you back Chicken. Classic.

[hypnotic]

Yeap SBM is definitely looking good.

Great buying depth for SBM, something seems to be up.

Chart wise looks positive, Kennas how far do you predict this to go from the charts?? Possibly break pass 65cents?

Hypnotic

[kennas]

Chart wise looks positive, Kennas how far do you predict this to go from the charts?? Possibly break pass 65cents?
HypnoticI can't do that from this set up. Need an EW expert, together with a Yogi and maybe a Mag/picker. It hasn't broken up yet though IMO. A similar break occurred earlier and it stopped at 65 cents past resistance which creates even more resistance. Could fault again. Much depending on POG. If it holds above 690 tonight and the $US looks even sicker, then it might break through.

[sam76]

Does anyone subscribe to FP?

Could they post a summary of the recommendation on SBM?

muchos grasias!

[kennas]

Does anyone subscribe to FP?

Could they post a summary of the recommendation on SBM?

muchos grasias!I do, but their site is designed so you can't copy and paste. :mad: They said 'an excellent addition to a diversified gold portfolio and recommend as a buy to all members around 57 cents'.

Needs to crack 65 for me to trust this as a true break from the sideways move as seen previous page. But who am I to say? :p:

[sam76]

I do, but their site is designed so you can't copy and paste. :mad: They said 'an excellent addition to a diversified gold portfolio and recommend as a buy to all members around 57 cents'.

Needs to crack 65 for me to trust this as a true break from the sideways move as seen previous page. But who am I to say? :p:


Mate, you're a moderator. What you say goes!! :D

;)
ps thanks for the update :)

[kennas]

Looks pretty positive to break 65 IMO, but anything could and will happen. :)

[Uncle Festivus]

Yes, being a weekly gets rid of the noise & shows the better trend for the breakout, up another 2c this morning in the first hr on big volume too. Gaining good momentum here, hope the POG can keep up!

[kennas]

Gaining good momentum here, hope the POG can keep up!Yep, I agree POG will have to keep on its up trend to support this, and the rest of course. I wonder what SBM have in store next? Target or prey in the gold sector shake up?

[chicken]

Yep, I agree POG will have to keep on its up trend to support this, and the rest of course. I wonder what SBM have in store next? Target or prey in the gold sector shake up?

Now look where POG is heading....ready for its next run...volume speaks louder than words..and news should be not far away on the drilling in Kalgoorlie in the goldfields.....:D

[noirua]

SBM seem to be under pressure from the issue of A$100 million, 5 year convertible notes at a high 8% interest rate and a further $50 million loan facility.
A block of shares, in a matched trade, went through early this morning for 7,712,723 shares at 53 cents per share.

[kennas]

Now look where POG is heading....ready for its next run...volume speaks louder than words..and news should be not far away on the drilling in Kalgoorlie in the goldfields.....:DThere's three projects around Kalgoorlie isn't there Chicken. Which one are you talking about? News must be even closer now. ;)

Chart wise, it's hitting an upward trend line, but they're going to need a rocket to break through 65 cents.

[noirua]

It will be interesting to see just how much of this $150 million being raised is needed for Gwalia Deeps and the 50 cent level looks a might critical as all this pans out. If the price fell back to 45 cents I would not be surprised.

[kennas]

It will be interesting to see just how much of this $150 million being raised is needed for Gwalia Deeps and the 50 cent level looks a might critical as all this pans out. If the price fell back to 45 cents I would not be surprised.Recently broke what was an ascending triangle of sorts and you will not be surprised to see it hovering around support at 50, with 45 being a 'last stand' zone IMO. Really been ordinary for over a year now, like other gold stocks that went crazy in April 06. If POG fails around $650, then this might struggle to keep going sideways.

I've been trying to get my head around the Gwalia Deeps project and how a 2km decline to get to 3m oz au is worthwhile. At that depth wouldn't the gold actually be in the European continent?