SBM - St. Barbara Mines

Reading the latest Share Magazine an intresting article caught my eye..SBM..who bought the gold assets from SGW...any comments ,or what do the investors think ???? Price is cheap enough...at present 11c...is there life in this stock...comments please...SHARE MAGAZINE thinks so... :2twocents

Has anyone read the article...interesting part where it says they have now got 10000km2...of the world richest undiscovered reserves...and they also say that it would cost $250million to reproduce the mines and with the gold they have it must be cheap...paid $38 million only and could very well be a giant in the making...they are hoping to produce up to 250000 oz. of gold what does the board think...I got aboard at 10c...today trading at around 11.5cents..cheapie with potential.....

Well, I just checked what they bought...and I like it...potential is hugh...also seem to have NICKEL potential...this might be the lode for this company...check it out its much bigger than I first thought...... :2twocents

I haven't read the article,but I remember back in the early 1990's,they had a mine in. W.A. which had huge gold reserves (' you could actualy see the seams of gold") which was not mined at the time because of heavy rains which flooded its mine. At the time it was deemed too costly to drain and extractthe gold then, maybe the time has now ripened.
Regards Kooka

I haven't read the article,but I remember back in the early 1990's,they had a mine in. W.A. which had huge gold reserves (' you could actualy see the seams of gold") which was not mined at the time because of heavy rains which flooded its mine. At the time it was deemed too costly to drain and extract the gold then, maybe the time has now ripened.
Regards Kooka

Kooka SBM bought the GOLD assets from SGW who went belly up...and the SHARE magazine had a full page written by TIM THREADGOLD a PERTH based business Journalist who has written for BRW he is also a geologist...so he understands what it is all about....Check what SBM posted the last few days....explaining what they intend in doing..I am just remarking on how hugh the gold assets really are...could be a big winner...as his last sentence said St BARBARA could be a sleeper waiting for a wake up call...the reserves they say they have are7.9 million OZ of Gold.....plus Nickel...assets...the new CEO is ED ESHUYS...who replaced Miller he is a prominent Geologist...they have 200 staff and produced 25000oz Gold last month...they also claim the assets they bought are worth $250million replacement cost also have reinstated contractors and have a land bank about 13000Km2..this could be a sleeper which will suprise...mines are operating and producing...annyway its in the MAY issue of SHARE magazine..I thought I bring it to the boards attention....also it mentioned that Resource Capital Fund and the St James Place Recovery TRUST..their stakes is 31.4% and 7.1% of ST BARBARA..

Their website is www.stbarbara.com.au

Annyone with more information on this stock or known facts as this one could go annytime higher see what I wrote..for gold buffs much of intrest I am holding stock as I feel this is a train at the station will move as soon as we get some anouncements....annyone? :2twocents

This stock may jet supprise...read what they are doing...very intresting..could move quickly as GOLD and also Nickel will be part of their production..I bought 200K shares and feel what SHARE MAGAZINE said in their MAY issue could very well be the future for SBM...also checked where they are at...anouncement from SBM..intresting article on www.kitcometals.com re wall of worry and GOLD is featured as possible rise in price..NICKEL will rise as there is a world shortage...and SBM should anounce something soon they are drilling at the moment...at present price its cheap....the demise of SWG...has enhaced SBM as market maker ,check it out yourself.....

Chicken, I always enjoy reading your posts, but I wish you'd consider using the occasional paragraph.

SBM are on my radar too, simply based on their cash flow relative to their market cap. Their is significant challenges ahead and the environmental bonds and other monies they will be required to spend to upgrade existing facilities are considerable.

It will be interesting to see how they perform over the next 12 months. I suspect it will go down before it goes up considerably. They don't have the capital to accelerate their progress and as noted above, they need to spend a lot!

It may be worth noting that St Barbara Mines

Average Price: 0.0828 (50-day) 0.0645 (200-day)

Average Volume: 4,632,600 (50-day) 1,940,300 (200-day)

It was at 0.10 per share at close on Friday, it lowest has been 0.04 and its highest 0.13 per share. Given the capital costs and associated on-costs, it would be hard to see it in the near term trading to much higher. I suspect it will hold to its moving average.
:)

____________________
The above are merely my views and do not constitute advice. Please seek advice from a suitably qualified and licenced professional when considering your own financial objectives.

Chicken, I always enjoy reading your posts, but I wish you'd consider using the occasional paragraph.

SBM are on my radar too, simply based on their cash flow relative to their market cap. Their is significant challenges ahead and the environmental bonds and other monies they will be required to spend to upgrade existing facilities are considerable.

It will be interesting to see how they perform over the next 12 months. I suspect it will go down before it goes up considerably. They don't have the capital to accelerate their progress and as noted above, they need to spend a lot!
Doc,I feel as you said its on your Radar screene..that SBM will deliver..just a waiting game :2twocents

Looks like something is up stock is rising at good volumes waiting for announcements should be good if they got it together also depending how much gold has been processed...I expect a good result...see one of Zinifex's directors on this board...I am not sure what it means but could be important...we shall see what is being played here.....their land bank of 14000 sq km might have something to do with it....but we soon will know won't we?

Looks like something is up stock is rising at good volumes waiting for announcements should be good if they got it together also depending how much gold has been processed...I expect a good result...see one of Zinifex,s directors on this boared...I am not sure what it means but could be important...we shall see what is being played here.....there land bank of 14000 sq km might have something to do with it....but we soon will know want we
Stock rose by 15% today....what is up annyone with clues...????

Looks like an accurate price reversal today. Down 8%.

Looks like an accurate price reversal today. Down 8%.
Yes, but wait the announcements which should not be far of and yesterdays turnover of 20million shares will be nothing to what is to come....after all they bought the mines and processing facilities plus a lot more....as I said read and make your research a lot more will happen here :2twocents

Yes, but wait the announcements which should not be far of and yesterdays turnover of 20million shares will be nothing to what is to come....after all they bought the mines and processing facilities plus,lplus a lot more....as I said read and make your research a lot more will happen here :2twocents
I emailed the company asking when we would get an update on the company...reply was prompt and it said 'ST BARBARA is due to release its JUNE 2005 report by the end of july regards TRUDY LAWRENCE'. So we should see what they bring us..I have a feeling with high gold prices ,its all good....I hold 200k shares now and will see where they are going from here....this stock cannot be shortsold.....bound to be solid if they get it together..... :2twocents

I emailed the company asking when we would get an update on the company...reply was promt and it said ST BARBARA is due to release its JUNE 2005 report by the end of july regards TRUDY LAWRENCE So we should see what they bring us..I have a feeling with high gold prices ,its all good....I hold 200k shares now and will see where they are going from here....this stock cannot be shortsold.....bound to be solid if they got it together..... :2twocents
GOLD is rising again and this company is so cheap of what they got...I feel that this share will rise quickly as soon as their news is out 10.5c is a steel for a gold stock with a 85000oz production for the last 3 months may even be higher....annyway you been told by the chicken....will re post as soon as announcements due....make your research....chicken said its a buy

Glad to see you found something else to ramp Chicken!

I'm sure it will go up too....and BPC will hit $1.50 and ZFX will hit $4....what year are we talking about that this will happen?

Glad to see you found something else to ramp Chicken!

I'm sure it will go up too....and BPC will hit $1.50 and ZFX will hit $4....what year are we talking about that this will happen?
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 emailed the company asking when we would get an update on the company...reply was promt and it said ST BARBARA is due to release its JUNE 2005 report by the end of july regards TRUDY LAWRENCE So we should see what they bring us..I have a feeling with high gold prices ,its all good....I hold 200k shares now and will see where they are going from here....this stock cannot be shortsold.....bound to be solid if they got it together..... :2twocents

Did you tell them your name was Chicken? :D

Did you tell them your name was Chicken? :D
TinaUNDERTHEBRIDGE....Read and make your research before you post your reply...20 SHAREHOLDERS are now holding 67.5% of ALL shares in SBM...the year before it was 55%...and the year before that silch...so I wonder if 67.5% of all shares are taken by 20 SHAREHOLDERS...they must know more and bought because as I said before they are now talking a lot more GOLD than before as soon as their anouncements come out..as GOLD is rising....a lot of people will want some of this action I can see it it is hinted 8 million oz. of gold is their reserves could even be higher...and they are getting up to speed...the 10.5c you are paying now will be peanuts of what they will go up to...I bought..not trading in 12 months at least 100% increase you will see :2twocents

TinaUNDERTHEBRIDGE....Read and make your research before you post your reply...20 SHAREHOLDERS are now holding 67.5% of ALL shares in SBM...the year before it was 55%...and the year before that silch...so I wonder if 67.5% of all shares are taken by 20 SHAREHOLDERS...they must know more and bought because as I said before they are now talking a lot more GOLD than before as soon as their anouncements come out..as GOLD is rising....a lot of people will want some of this action I can see it it is hinted 8 million oz. of gold is their reserves could even be higher...and they are getting up to speed...the 10.5c you are paying now will be peanuts of what they will go up to...I bought..not trading in 12 months at least 100% increase you will see :2twocents

Hi Chicken,

I found this and thought you might like to read it. Shaw stockbroking site - http://www.egoli.com.au/egoli/egoliOpenBriefing.asp

Go to columns - Open briefing - Santa barbara interview.

Enjoy!

Doc I hope you kept SBM on your radar screen.....things arw now on the move....LOLOLOLOLOLO

SBM have already recovered their cash outlay for SWG through the sale of surplus plant and equipment....over $2million......Produced over 85000ozs of gold at a $76 oz below budget{thats well over $6million extra on the bottom line...niece bonus }....Cash position up $14millon in 3 months.SBM have got to be doing something right to accumulate that sort of money.Even without the extra $6million from lower production costs they have over $10million in the bank. The closing cash position of $16.2 million JUNE 30 excluding cash backing of bonds,compares with $2.2 million as at 31march 2005... :2twocents

SBM have already recovered their cash outlay for SWG through the sale of surplus plant and equipment....over $2million......Produced over 85000ozs of gold at a $76 oz below budget{thats well over $6million extra on the bottom line...niece bonus }....Cash position up $14millon in 3 months.SBM have got to be doing something right to accumulate that sort of money.Even without the extra $6million from lower production costs they have over $10million in the bank. The closing cash position of $16.2 million JUNE 30 excluding cash backing of bonds,compares with $2.2 million as at 31march 2005... :2twocents
Today the lates SBM have sold their shareholding in both Companies they held and another $6million Dollars are now in kitty....so SBM are now ready to expand of what they are doing....read their announcements as things are happening...this will be a niece little earner....they produced 86000 ozs of Gold for 3 months....so what will they produce for 12....just a thought...there is talk by the company that within 2 years somewhere of 450000 ozs will be produced,,,make your own research as I feel this one will be a goer...I am still waiting to hear from Share magazine to print the article they wrote as soon as I have it will post it here....not my words but written by a GEOLOGIST....as they know what they are talking about.....

I just had a look at the graph at YAHOO technicals ...most intresting...the share is trending higher since MARCH when the purchase from SWG was announced...I hope to post what this Geologist said in Shares...should get the OK on friday....do your research.......but check out this graph....on SBM

I just had a look at the graph at YAHOO technicals ...most intresting...the share is trending higher since MARCH when the purchase from SWG was announced...I hope to post what this Geologist said in Shares...should get the OK on friday....do your research.......but check out this graph....on SBM
The stock rose by 30% this months...Tim Treadgold is a Perth based business jounalist who has written for BRW and Shares magazines since they were founded.He studied geology but switched to journalismin 1969 during the Poseidon nickel boom...the article he wrote was headed GWALIAS GOLD GRABBED...and he wrote There is no doubtthat St BARBARA has aquired a potential company changig range of ASSETS, including 4 operating gold processing plants, a number of mines and a 10000 square kilometer land bankthat covers some of THE MOST PROSPECTING MINERALISED STRUCTURES IN AUSTRALIA<IF NOT THE WORLD..then in the last paragraph he said...The next few monthswill show whether ST BARBARA got the bargain it believes,or whether buying a business out of a failed corporate structure remains a game of trying to catch a falling knife.If ESHUYS..CEO,Geologist...and his team can stich together a coherent picture of continuing gold production,rationalisation of surplus assets and exploration on the very impressive land bank...THEN ST BARBARA COULD BE A SLEEPER WAITING FOR A WAKE UP CALL....since they took over in 3 months they produced 86000ozs of GOLD...sold assets and received more than $2 million...started exploration on their nickel acreage...where we are waiting for their announcements....and have forecasted that their gold production will be more than 150000 ozs for the year.....after all they vauled SWG gold assets at $250 million $$$...but bought it with $2.3 million and the other $36 million is for taking over enviromental and performance bonds...they are now saying they got 9.2 millon known ozs Gold... so for 13c...the company is capitalised at $60million.....as I am not an advisor,I am also not a rocket scintist...just a humble person who understands figures it makes sense the company is well undervaled.......work you figures....after all the 20 shareholders who hold 67.5%..know this has a potential..He also said STBARBARA is a revival story in the waiting....I bought as I am conviced...after all the big boys bought and spent millions on these shares....and they are now buying on monday for 1 year at least 56 million shares back...as some one said this one is going to be a niece little earner.......make your research.....www.stbarbara.com.au

Hey Chicken,

Check out www.miningnews.net

some good articles about SBM there.

Hey Chicken,

Check out www.miningnews.net

some good articles about SBM there.
Thanks for the information...I also understand that on the 10th August..the CEO from SBM will give a presentation at the Diggers and mining confrence ion Kalgorlie ...also once our SP breaches 13c....it will go much higher as the market are becoming aware of this stock.....Their assets say around $300 million....and the shareprice at 13c...means its only capitalised at $63million....so if they sold uo we would get 50cents per share....does that make sense..I wonder?????

Thanks for the information...I also understand that on the 10th August..the CEO from SBM will give a presentation at the Diggers and mining confrence ion Kalgorlie ...also once our SP breaches 13c....it will go much higher as the market are becoming aware of this stock.....Their assets say around $300 million....and the shareprice at 13c...means its only capitalised at $63million....so if they sold uo we would get 50cents per share....does that make sense..I wonder?????

Chicken,

...if they sold uo... What is uo?
Could you elaborate more on that please?

Snake Pliskin

Chicken,

...if they sold uo... What is uo?
Could you elaborate more on that please?

Snake Pliskin
Sorry it should read ,SOLD UP...or liqudated or dissolved shareholders would receive 50cents a share.....because of the assets which are now present in the company.....work it out what 9.3 million ozs of GOLD are worth...once you do that you will know that SBM is sitting on a goldmine....if I had been an SWG investor I would buy SBM to get my money back...I own 500k shares in SBM now......

Sorry it should read ,SOLD UP...or liqudated or dissolved shareholders would receive 50cents a share.....because of the assets which are now present in the company.....work it out what 9.3 million ozs of GOLD are worth...once you do that you will know that SBM is sitting on a goldmine....if I had been an SWG investor I would buy SBM to get my money back...I own 500k shares in SBM now......
SBM said in the year 2006 they hope to be producing 300000ozs....and 2007 550000 ozs a year....the indication they give that they have 9.2 million oz of gold in reserves....I did a multiplication at todays price and I am astounded how much in Dollar term it is....annyone who is intrested just do the sums and you will see what I mean..I do not want to ramp so do your research and sums and you will see at present price its just cheap...if I was NEWCREST MINING I would buy this company as the gold in the ground of 9.2 million ozs work it out,SBM is very cheap ...and would represent hugh value....

Breakout alert was as high as 14cents..going through at 13.5 cents...will go a lot higher than that...make your research

Breakout alert was as high as 14cents..going through at 13.5 cents...will go a lot higher than that...make your research

Chicken,

I enjoy your passion for stocks. In English we say "do your research" though.

Hi, I'm interested in SBM, but does it represent expensive buying where its at right now, about .135 to .14
???

Cheers!

just to clarify, the reason why I say this is because of the rapid burst in the stock price (approx. 20% last week!!!)

I've just sold out of JHX at a very tidy profit and am considering investing in this raging bull on the assumption that the report on Aug 10 will draw it higher.

just to clarify, the reason why I say this is because of the rapid burst in the stock price (approx. 20% last week!!!)

I've just sold out of JHX at a very tidy profit and am considering investing in this raging bull on the assumption that the report on Aug 10 will draw it higher.
CALIENTE......will go higher quickly....do your research...undervalued since taking over assets of Sons of Gwalia GOLD reserves....Read what has been said

SBM said in the year 2006 they hope to be producing 300000ozs....and 2007 550000 ozs a year....the indication they give that they have 9.2 million oz of gold in reserves....I did a multiplication at todays price and I am astounded how much in Dollar term it is....annyone who is intrested just do the sums and you will see what I mean..I do not want to ramp so do your research and sums and you will see at present price its just cheap...if I was NEWCREST MINING I would buy this company as the gold in the ground of 9.2 million ozs work it out,SBM is very cheap ...and would represent hugh value....

The 9.3Moz reserves figure quoted on the report. is that gold only or does it also account for their nickel/copper because you're right, the company holding this much gold is a bonanza!

Gold only any other reserves are seperate from the 9.2 million ozs...bonanza yes you are right the market is just waking up to this fact....I saw it as soon as I read the article back in MARCH...also trying to awake people to the fact that this one is going to go...like Zinifex...this one is even at 14cents CHEAP...should be worth a lot more....the market is waking up here as Gold is going higher...

sbm always had dodgy management in the past how radical were the changes - i have not followed this for about 12 months- were always full of promises- see they sold completely out of nustar do they need some money because of cashflow???

sbm always had dodgy management in the past how radical were the changes - i have not followed this for about 12 months- were always full of promises- see they sold completely out of nustar do they need some money because of cashflow???
No they dont need money...its just why have investments when you got 5 Billion $$ worth of gold to work with by selling these shareholding they are concentrating on their Gold production which if you read what SBM said will grow rapidly....in fact 375000000 shares are owned by 20 shareholders only 150000000 shares are public...and as from today they are buying back 56000000 million shares so only100 million are freely available....their assets are 300million$$ and the share price is 13.5cents...so hugh upside...DO YOUR FIGURES....it was all in Sharemagazine READ IT

SBM management....ALL BEEN GIVEN THE BOOT>>>All new management....the old team are all picking their unemployment cheque from centre link LOLOLOL

GET SHARES MAGAZINE MAY ISSUE...TIM TREADBOLT wrote GWALIAS GOLD GRABBED.....page 22...its all there for everyone to read.....MAY 2005....issue

done it, picked up a nice little package of 20000 at 0.13

Lets hope for the best :)

Welcome aboard, Caliente.

I agree with Mr. Chicken

I think this stock has a lot more upside as well.

Sam.

As the (in)famous 80's pop group, Yazz once sang;

"The only way is up"
:p:

SBM, tightens share base, providing value

With SBM commencing a buyback of approx 55.5 million of its own shares, the management, consider that their shares are better value than anything else in the market. They have already sold approx. $6 million of SED and NMC shares they owned to put the money into their own company shares. Thats a hint of what they think of their own product.
They are tightening the share base, its the opposite of a lot of other companies that keep diluting their share base placing millions of shares and burning money. Most companies in the USA + ASX i can remember doing this, their share price has gone up afterwards.
Being 71 years of age myself, and traded half my life i cannot recall a company of this small capitilisation around 13 cents ever been involved with a buyback. Please correc me if i am wrong
They have $28 mill in cash, and performance bonds
A resource base of 9 mill ozs of gold.
Millions of dollars worth of SGW plant to either use, or sell off, increasing cash reserves
Steadily increasing gold removal, with forecast gold production of 150,000 ozs for 2005/6 at Southern Cross. Their medium term objective, at Southern Cross, Meekatharra, and Tarmoola, which is dependant upon exploration success is aprox 550,000 ozs per annum.
Huge ground area [approx 10,000 square kilometers] purchased from SGW,with significant exploration potential for the future.
SBM Directors Colin Wise and Ed Eshuys buying SBM shares.
Top ceo-geologist Ed Eshuys now in charge,[ Well respected by the market], he helped make Joseph Gutnick most of his money, in Joe`s gold mining companies.
And its all politicaly risk free, in australia.

SBM, tightens share base, providing value

With SBM commencing a buyback of approx 55.5 million of its own shares, the management, consider that their shares are better value than anything else in the market. They have already sold approx. $6 million of SED and NMC shares they owned to put the money into their own company shares. Thats a hint of what they think of their own product.
They are tightening the share base, its the opposite of a lot of other companies that keep diluting their share base placing millions of shares and burning money. Most companies in the USA + ASX i can remember doing this, their share price has gone up afterwards.
Being 71 years of age myself, and traded half my life i cannot recall a company of this small capitilisation around 13 cents ever been involved with a buyback. Please correc me if i am wrong
They have $28 mill in cash, and performance bonds
A resource base of 9 mill ozs of gold.
Millions of dollars worth of SGW plant to either use, or sell off, increasing cash reserves
Steadily increasing gold removal, with forecast gold production of 150,000 ozs for 2005/6 at Southern Cross. Their medium term objective, at Southern Cross, Meekatharra, and Tarmoola, which is dependant upon exploration success is aprox 550,000 ozs per annum.
Huge ground area [approx 10,000 square kilometers] purchased from SGW,with significant exploration potential for the future.
SBM Directors Colin Wise and Ed Eshuys buying SBM shares.
Top ceo-geologist Ed Eshuys now in charge,[ Well respected by the market], he helped make Joseph Gutnick most of his money, in Joe`s gold mining companies.
And its all politicaly risk free, in australia.
Pickup, you got the facts as I see them so on the 8th August there is a presentation at the DIGGERS AND MINERS forum in Kalgorlie....so I wonder what they will say TOM TREADGOLD said exactly what you posted..I own 500K of shares and I feel if everything goes to plan...here is my retirement fund....good post as I see it as you posted......also check your May issue of SHARES MAGAZINE....TOM TREADBOLT wrote the article

SBM, tightens share base, providing value

With SBM commencing a buyback of approx 55.5 million of its own shares, the management, consider that their shares are better value than anything else in the market. They have already sold approx. $6 million of SED and NMC shares they owned to put the money into their own company shares. Thats a hint of what they think of their own product.
They are tightening the share base, its the opposite of a lot of other companies that keep diluting their share base placing millions of shares and burning money. Most companies in the USA + ASX i can remember doing this, their share price has gone up afterwards.
Being 71 years of age myself, and traded half my life i cannot recall a company of this small capitilisation around 13 cents ever been involved with a buyback. Please correc me if i am wrong
They have $28 mill in cash, and performance bonds
A resource base of 9 mill ozs of gold.
Millions of dollars worth of SGW plant to either use, or sell off, increasing cash reserves
Steadily increasing gold removal, with forecast gold production of 150,000 ozs for 2005/6 at Southern Cross. Their medium term objective, at Southern Cross, Meekatharra, and Tarmoola, which is dependant upon exploration success is aprox 550,000 ozs per annum.
Huge ground area [approx 10,000 square kilometers] purchased from SGW,with significant exploration potential for the future.
SBM Directors Colin Wise and Ed Eshuys buying SBM shares.
Top ceo-geologist Ed Eshuys now in charge,[ Well respected by the market], he helped make Joseph Gutnick most of his money, in Joe`s gold mining companies.
And its all politicaly risk free, in australia.
I just had a thought....SBM sold surplus assets from their buy out of SWG..received over $2 million they produced over 86000 ozs of Gold....from these assets in 3 months...their profits possibly say $15 to $18 million $$$ from the sales of gold...so basically the rest is for very little money...so the value is hugh....as they said the SWG assets they valued at $250million....must be all good for us shareholders....and we been told they have 9.2million ozs of GOLD in the ground....so what value will the market put on these asset in the coming months...and I did not even mention they are now investigating how much or how big the Nickel deposits are....also I noticed the CEO joining MT GIBSON IRON ORE MGX...live is getting intresting.... :2twocents

I just had a thought....SBM sold surplus assets from their buy out of SWG..received over $2 million they produced over 86000 ozs of Gold....from these assets in 3 months...their profits possibly say $15 to $18 million $$$ from the sales of gold...so basically the rest is for very little money...so the value is hugh....as they said the SWG assets they valued at $250million....must be all good for us shareholders....and we been told they have 9.2million ozs of GOLD in the ground....so what value will the market put on these asset in the coming months...and I did not even mention they are now investigating how much or how big the Nickel deposits are....also I noticed the CEO joining MT GIBSON IRON ORE MGX...live is getting intresting.... :2twocents
I meant to say the CEO from SWG....NOT SBM CEO....my apology...they are looking for a CEO for SWG....pity it was once a great little company...

5/8/05 SBM/WOSS Litigation

Anyone know whats going on?

5/8/05 SBM/WOSS Litigation

Anyone know whats going on?
No, I wish I knew but we should know soon enough as litigation could be anything.....I am sure SBM will weather it quickly....but I am not concerned as by looks of thing they want to do SBM into the eye...I am sure the lawyers will fix it...and sort it out....SBM is now a large concern and we will have to get used to people trying to screw them...I am sure that Eshusy knows what he is doing

No, I wish I knew but we should know soon enough as litigation could be anything.....I am sure SBM will weather it quickly....but I am not concerned as by looks of thing they want to do SBM into the eye...I am sure the lawyers will fix it...and sort it out....SBM is now a large concern and we will have to get used to people trying to screw them...I am sure that Eshusy knows what he is doing
Looking at the announcement.....SBM announced it .

looking at the announcement.....SBM announced it .

The header of the report has Westgold Resources NL written over it however, with not like it matters tho.

i just hope whatever's happening is dealt with swiftly.

Hmm...

For further information please contact Andrew Chapman (08) 9326 5700 or visit the Westgold Resources NL website www.westgold.com.au.

Might check it out!

EDIT: i just sent an email to Chapman, the company secretary. hopefully, this sheds more light on the situation.

Just to say I contacted ST. BARBARA MINES....go to www.stbarbara.com.au and have asked them please explain....one way of buying stock cheaper.....

Just to say I contacted ST. BARBARA MINES....go to www.stbarbara.com.au and have asked them please explain....one way of buying stock cheaper.....
This litigation is against a past director Mr Woss for the sum of $7.6 million $$$ and was filed in 2000 so 5 years ago....so its older than my hat...if it had anny substance it would have been decided long ago...someone thinks after all this time they are getting paid..LOLOLOL

hehehe, cool stuff chicken!

Westgold sent me this totally vague reply

Dear Sir

I cannot comment on what St Barbara may or may not explain but I believe
there should be reference to this matter in their last annual report. If
you are able to obtain a copy of the last Westgold Resources annual
report there is some description of the matter there. A copy is
available on our website www.westgold.com.au

Yours Sincerely

CALIENTE....on Wesgold they said as I said before it was filed in 2000 so 5 years ago...I think there is a bit of brown stuff being thrown around and they are trying to get back at SBM...the amount called for is for $7.6 million....I wonder who is up who....and Eshuay will take this little matter in hand ....I feel that it will blow over quickly...more a nuisance than anything....I thought it was something more serious.....

Trudy Lawrence just sent an email from SBM...and she said there were an article re the litigation in the 2004 report...on page 58...and if something comes of it its questionable...I wonder why and who is behind trying to pull SBM down...even for $7.6 million..I think Wesgold is trying to make mileage out of SBM emerging gold producer...and popularity ,that now ,with their purchase of SWG gold assets.....I think thats their play and its 5 years old now and as I said if their was ANYTHING IN THIS IT WOULD HAVE SETTLED LONG AGO.....

Trudy Lawrence just sent an email from SBM...and she said there were an article re the litigation in the 2004 report...on page 58...and if something comes of it its questionable...I wonder why and who is behind trying to pull SBM down...even for $7.6 million..I think Wesgold is trying to make mileage out of SBM emerging gold producer...and popularity ,that now ,with their purchase of SWG gold assets.....I think thats their play and its 5 years old now and as I said if their was ANYTHING IN THIS IT WOULD HAVE SETTLED LONG AGO.....
Just going through the 2004 SBM report....the litigation was Wes bought shares in SBM....then sold lost money and wants to sue for its losses....well no wonder its all a farce if I could sue everytime I lost money on shares,,,that is what it is all about...Mr Woss sold these shares and they are trying to claim their losses...I think the company has everyright to defend the claim.....and after 5 years their claim is just about out the door...what a farce

Just going through the 2004 SBM report....the litigation was Wes bought shares in SBM....then sold lost money and wants to sue for its losses....they are trying to claim their losses...I think the company has everyright to defend the claim.....and after 5 years their claim is just about out the door...what a farce

'Chicken', was there any false announcements by SBM!!! I wonder how someone can just claim a loss on shares unless any false reports or promises were made by SBM.I hope there's nothing serious.Wish you the best for your retirement plans. :)

'Chicken', was there any false announcements by SBM!!! I wonder how someone can just claim a loss on shares unless any false reports or promises were made by SBM.I hope there's nothing serious.Wish you the best for your retirement plans. :)
Singh....read the 2004 SBM report its ALL there....as I posted all OLD HAT with little substance..read it on page 58.....not a big deal....lawyers loving it....but for the total equasion of SBM...very little effect...just brown stuff being thrown around......READ IT YOURSELF

'Chicken', was there any false announcements by SBM!!! I wonder how someone can just claim a loss on shares unless any false reports or promises were made by SBM.I hope there's nothing serious.Wish you the best for your retirement plans. :)
SBM promised nothing its all in the report 2004 page 58...and made no false statements read the 2004 report...just a small hitch..WES are trying to capitalise on SBM rise of fortune.....

Thanks Chicken,

I just read that, I don't find any weight in their claims.I own some SBM shares, i myself got abit worried.Thanks for all the research you are doing. Lets see when the train gonna start. ;)

Your estimates on SBM's worth could be undervalued, Chicken. :D


Gold could hit $US725 on China demand
By Xiao Yu and Matt Chambers
August 9, 2005


China's growing demand for gold jewellery will drive up global prices of the metal in the next five years.

Prices may reach $US725 an ounce by 2010 from the current level of $US437 and China may overtake India as the world's largest consumer of gold jewellery, said Graham Birch of Merrill Lynch in London. Five other analysts and traders surveyed by Bloomberg said Chinese demand would bolster prices.

Jewellery demand in China, the world's fastest-growing major economy, rose 13 per cent in the first quarter and investment demand rose 36 per cent, according to the World Gold Council, a producer-funded group. Chinese incomes in urban areas rose 9.5 per cent in the first half and are forecast to surge further by the end of the decade.

"It's possible that we'll see a significant increase in demand for gold jewellery [in China]," said Darren Heathcote, head of trading at NM Rothschild & Sons in Sydney. "Rising incomes and government plans to boost domestic spending" may expand sales, he said in an email.

AdvertisementGold prices need to climb 5 per cent more to match a 16-year high of $US456.89 reached in December. Higher prices may buoy shares of Newmont and AngloGold, the two biggest goldminers. Newmont's stock has increased 4.4 per cent in the past week and AngloGold shares have risen 13 per cent so far this year.

Buying gold also protects investors against a decline in the US dollar. The metal's price usually rises as the dollar falls.

China's consumption of gold and jewellery will keep growing quickly as the economy expands and living standards rise, the Ministry of Commerce said in a report this month. The country's 1000 leading gold, silver and jewellery companies increased retail sales by 14 per cent in the first half.

"This trend is likely to continue in the medium term," said Tim Spencer, analyst with GFMS, a London research company.

China's 1.3 billion consumers are already the world's biggest users of steel, cement, copper, tin and iron ore.

An increasing number of young city women are spending more on gold jewellery from luxury brands as incomes rise. They prefer white gold, which has a silvery color and is 75 per cent pure.

Rebecca Wang, a bank clerk at HSBC Holdings in Beijing, prefers white gold to other metals such as platinum because it is cheaper and trendier. "I love it. It looks stylish and sophisticated," said Wang, who bought herself earrings and a necklace for her 29th birthday this year. "I used to think gold was dull and old-fashioned. Now I find the colour and designs attractive."

A gradual revaluation of the Chinese yuan after the country loosened the peg to the dollar last month may also increase jewellery consumption by making gold imports cheaper. "The purchasing power of the Chinese for dollar-denominated commodities has clearly gone up," said George Albino, senior analyst at Orion Securities in Toronto.

Chinese retail sales of gold jewellery rose more than 11 per cent to 224 tonnes in 2004, said GFMS. Sales might rise to as much as 600 tonnes within five years, said Merrill Lynch's Graham Birch, leading China to surpass India as the biggest consumer.

Bloomberg

Thanks Chicken,

I just read that, I don't find any weight in their claims.I own some SBM shares, i myself got abit worried.Thanks for all the research you are doing. Lets see when the train gonna start. ;)
Singh...this train should leave the station very soon... as this stock without SWG assets was once as high as $2....looking at figures SBM assets are in the vicinity of $300 million...maybe even higher the shares at 13cents are $75 million so just think we have a lot of upside..do your research.....and with GOLD rising....and SBM working the assets there is money for everyone.....it was just luck for the company to have bought the SWG assets so cheaply.......unreal thats all I can say.....and for us shareholders a great bonus.....

Mercator enthused by MEEKATHARRA NORTH..in partnership..say there are more than 500000 ozs of GOLD.....read it in mining newsnet.....got an email from SBM saying there is an upgrade at Hercules to 180000ozs Gold and now GWALIA upgraded to 2.5 million ozs of gold....looks as if the 9.2 million ozs are still conservative......

NOW, today we got the announcements I have been talking about...just got mine in colour from the company in an email...I am inpressed with the line up of directors this company has got and their qalification...very impressive....and the up dates of hercules....yes this company is going to go places with this CEO...I think he got the handle of things...but of cours the SWG deal was just unreal....SBM will now have a much brighter future having secured these assets at bargain basement prices.....MAKE YOUR OWN RESEARCH PLEASE

From Diggers & Dealers....the horses mouth.....SBM is about to start drill testing a NICKEL sulphide target north of LEONORA that said to have similarities with JUBILEE MINES BONANZA COSMOS deposit......ST BARBARA CEO ED ESHUYS told diggers & dealers that the company believed its SULLIVAN prospect had a similar signature to the unique magnetic anomaly that indicated COSMOS....The 8 km trend comprising SULLIVAN has been lightly drilled previously, returning assays in the weathered zone close to the ultramatic contact of up to 0.5% nickel and 400ppm copper.....
St. Barbara produces gold from the southern cross operations previously owned by SONS of GWALIA acquired in MARCH. Forecast production in 2005/2006 is put at 150000 ounces at cash cost of $415/oz with the company working on significantly improving those numbers in future years.

whoah!

sbm @ 14.5 cents

go you good thing! :D

Looks like the train has left the station for good :)

looks like some really solid buying pressure at .14 so we may see the close at .145 today :)

Great end to the week! Thanks for the tip Chicken :D

BTW - is anyone else in this thread watching OXR? Looks solid, and is good news overall for the Gold Sector.

looks like some really solid buying pressure at .14 so we may see the close at .145 today :)

Great end to the week! Thanks for the tip Chicken :D

BTW - is anyone else in this thread watching OXR? Looks solid, and is good news overall for the Gold Sector.
Caliente.....as I posted re their Nickel assets..as soon as SBM indicates how much nickel we have got this BABY could growe to $1 a share...its all the way north at present......after all they now indicated that the company has 9.2 million oz of gold as their assets so if the Nickel find is as high as indicated by the CEO at DIGGERS & DEALERS we can be confident that ED is indeed a genius as some people have said.......good luck to all who are holding...might buy even some more if gold keeps rising

this stock continues to surprise me, in a good way :)
The shining beacon in my portfolio right now, along with Oxiana.

this stock continues to surprise me, in a good way :)
The shining beacon in my portfolio right now, along with Oxiana.
There should be not such a big supprise when I posted everyone knew SWG assets were sold to the group this is stock which will appreciate a lot jet due to, I value their assets at $300million and the share price is only $80million or 15.5cents....as 67.5% is owned by 20 shareholders there is a squeeze on the remaining shares...it will just go higher thats the way I see it and also they are producing from the mine....which I like as they are making $$$ not burning it....this company will become rather profitable over time and gold rising what more do we want...Zinifex might even get involved as soon as the Nickel is confirmed but they will have to pay a lot more than the present share price....Thats the way I see it...anycomments

There should be not such a big supprise when I posted everyone knew SWG assets were sold to the group this is stock which will appreciate a lot jet due to, I value their assets at $300million and the share price is only $80million or 15.5cents....as 67.5% is owned by 20 shareholders there is a squeeze on the remaining shares...it will just go higher thats the way I see it and also they are producing from the mine....which I like as they are making $$$ not burning it....this company will become rather profitable over time and gold rising what more do we want...Zinifex might even get involved as soon as the Nickel is confirmed but they will have to pay a lot more than the present share price....Thats the way I see it...anycomments

It's questionable as to why they paid such a low figure for the assets.

It's questionable as to why they paid such a low figure for the assets.
WHY, QUESTIONABLE...just GOOD business sense of SBM....they were there at the RIGHT TIME AT THE RIGHT HOUR and they knew their stuff simple..go to any auction...and you can be very lucky...as SBM said they estimate their purchase to be worth $250million $$$$ so lucky us and others....we got the price which is a company maker 5 smelters,14000square km land bank,producing mine vehicles etc.and I meant to mention lots and lots of GOLD now estimated to be 9.2 millon ozs,,ah ALSO a Possible hugh NICKEL deposit......make your research...look at Zinifex when I told everybody I was rubbished a few times but low behold...What I said was right and a few lucky people are now well rewarded....SBM will produce the goods...I own quite a few of these...my target price is $1,,,what do you say to that not only that GOLD is going HIGHER,,,so with a producing gold mines and smeltering facility...its just going to be fine for shareholders...dont buy just watch the price rise..its all going to happen...

It's questionable as to why they paid such a low figure for the assets.
SBM ACQUIRED THE SONS OF Gwalia GOLD ASSETS EARLIER THIS YEAR FOR $2.3 MILLION CASH AND $35.7 MILLION IN ENVIRONMETAL BONDS, so say $38 million...that is what it was bought for.....read what was said in shares magazine by Mr Treadgold May issue...page 22

SBM ACQUIRED THE SONS OF Gwalia GOLD ASSETS EARLIER THIS YEAR FOR $2.3 MILLION CASH AND $35.7 MILLION IN ENVIRONMETAL BONDS, so say $38 million...that is what it was bought for.....read what was said in shares magazine by Mr Treadgold May issue...page 22

I did read that repective issue that's why I asked the question. It stated investors were slow buying. It's been a while and the market itself could be only pushing the price a bit.

I did read that repective issue that's why I asked the question. It stated investors were slow buying. It's been a while and the market itself could be only pushing the price a bit.
The market is not pushing the price but the underlying fundamentals of the company...show me a gold producer with the assets SBM got at 15.5 cents you have a lot of gold companies but they are NOT producing and burning up cash higher in share price than SBM....this one will go up all the way to a $1 plus mark my word...and as soon as the nickel assets become clearer it will fly...St Barbara flags big exploration effort....the exploration budget for fiscal 2006 is likely to be around $10 million....and production 150000 plus oz of GOLD...so by 2006/2007 there is talk of 300000 to 500000 ozs of Gold to be produced.....this share years ago was over $2...and that was without the assets they now posess...do you see that....make your research after all 20 shareholder bought 67.5% of SBM...they saw what I have been telling this forum long before that SBM is now up 200 % in a year..and check this graph....its just being discovered by the market a stock with hugh potential

Chicken, you are an absolute gun! I am 30% up after taking this info on board from you a couple of weeks ago and bought at 13.5c. Pretty soon, you should be up there with baglimit as my favourite person on this forum. Keep up the good work and GO SBM!!

In the words of Chicken - Make your own research! Make your own research!

Chicken, you are an absolute gun! I am 30% up after taking this info on board from you a couple of weeks ago and bought at 13.5c. Pretty soon, you should be up there with baglimit as my favourite person on this forum. Keep up the good work and GO SBM!!

In the words of Chicken - Make your own research! Make your own research!
I am happy for anyone who did his or her research.....SBM was just a find and I researched it and it worked....it will go higher jet.....

I am happy for anyone who did his or her research.....SBM was just a find and I researched it and it worked....it will go higher jet.....
Today reading the financial times well the headline said it Sons of Gwalia has more than a $1 billon in liabilities shareholders are certain to be wiped out..The 185 page report is written in careful accountancy prose but amounts to a damning condemnation of the way Sons of Gwalia was RUN FOR YEARS...with the biggest items being $196million on the Gold hedging book and $190 million in previously undisclosed speculative trading losses.....the writ is issued against the company founders.Peter and Chris Lalor, the former director,Eardley Ross-Adji,the chairman of the Audit committee,Thomas Lang, and the Auditors ,Ernst&Young.....St Barbara is in no way connected in any of their demise and I just thought to post this to show If SBM sticks to digging up gold and producing the goods we should do very niecly of realising the value out of the gold assets ST Barbara bought from Sons of Gwalia... :)

The 1.5 cents price drop was profit taking...I am holding as the next few months will show that the purchase from SWG was indeed on the low side I see Mr Wise one of the directors purchased quite a few shares and is featured as a large share holder....he knows its still extremly cheap and the upside of SBM is extremly good..as I mentioned before Ed Eshuys is a geologist with a very sound track record was right hand man to Mr F Gutnick of Melbourne and has shown to be a good judge in his field...My opinion is that as more good news comes out from SBM share price will appreciate further make your research www.stbarbara.com.au a lot more will be featured in the news as it comes to hand read what Ed Eshuys said about the Sullivan.....re nickel and copper deposits....SBM assets base is very large should they discover more gold watch this sp it will fly..one to keep your eye on.....I bought more as I trust Mr Wise who bought a lot of shares...after all he is their legal adviser and one of the directors,,,,make your research

The 1.5 cents price drop was profit taking...

Looks interesting Chicken, next 2 or 3 days will give a big clue as to where the price is going.The retrace was on diminishing volume so look out for a strong move north in a few days.It could always turn into a downtrend of course.I have no idea, everything I scan for and trade at the moment is bought at the very top of the cycle :banghead:, either very unlucky at the moment or my beginners look is wearing thin.:D

The chart looks pretty good though.

Looks interesting Chicken, next 2 or 3 days will give a big clue as to where the price is going.The retrace was on diminishing volume so look out for a strong move north in a few days.It could always turn into a downtrend of course.I have no idea, everything I scan for and trade at the moment is bought at the very top of the cycle :banghead:, either very unlucky at the moment or my beginners look is wearing thin.:D

The chart looks pretty good though.
If you look at the shart...there has been lots of buying since the 10th March...this is when the company bought SWG assets,,,accumulation by big buyers....I am confident ST BARBARA Share price will go higher....due to the underlying fundamentals...the assets are a lot higher than the shareprice indicates plus they are producing not just exploring...not burning up cash...but making money ....make your research...I bought more at 16 cents

If you look at the shart...there has been lots of buying since the 10th March...this is when the company bought SWG assets,,,accumulation by big buyers....I am confident ST BARBARA Share price will go higher....due to the underlying fundamentals...the assets are a lot higher than the shareprice indicates plus they are producing not just exploring...not burning up cash...but making money ....make your research...I bought more at 16 cents
Also I noticed Ed Eshuys owns quite a number of shares...but Mr Wise his Consulting company is quoted in the top 10 shareholders..so I draw my own conclusion from that...if the directors are buying I am buying.....as they know its going to fire..it will be turbo charged when more public anouncement come out...I think they are keeping a low profile at present just my observation...and what was said at the Diggers & Dealers confrence the Sullivan deposit has the same geologycal fingerprint as Jubilees Cosmos Nickel mine..so we could be in for a very intresting few months...and their exploration budget will be for $10million this financial year....looks very promissing.......thats what was said by the CEO Ed Eshuys

Looks interesting Chicken, next 2 or 3 days will give a big clue as to where the price is going.The retrace was on diminishing volume so look out for a strong move north in a few days.It could always turn into a downtrend of course.I have no idea, everything I scan for and trade at the moment is bought at the very top of the cycle :banghead:, either very unlucky at the moment or my beginners look is wearing thin.:D

The chart looks pretty good though.
Looks as if it will go higher........

Looks as if it will go higher........

It is on my watchlist Chicken, but the volume is pitiful today, need more before I would even consider it. :sleeping:

It is on my watchlist Chicken, but the volume is pitiful today, need more before I would even consider it. :sleeping:
At least its up not down not many willing to sell at lower prices...why, make your research....as I see it more buyers than sellers..which in itself is a good sign.....as GOLD will rise so will the price of this stock....everyone is watching....

At least its up not down not many willing to sell at lower prices...why, make your research....as I see it more buyers than sellers..which in itself is a good sign.....as GOLD will rise so will the price of this stock....everyone is watching....
As soon as we get the indication from SBM re the drilling at the Sullivan...as they are researching the Nickel dicovery..and as Ed Eshuys said it had the same geological fingerprint as Cosmos mines that is Jubilees mines and look how there share price behaved....so the upside will be a lot higher than the present SP....make your research...I am in for the ride north......Also I was reading today re the Gold price and they are going all long....next stop $483 US......

As soon as we get the indication from SBM re the drilling at the Sullivan...as they are researching the Nickel dicovery..and as Ed Eshuys said it had the same geological fingerprint as Cosmos mines that is Jubilees mines and look how there share price behaved....so the upside will be a lot higher than the present SP....make your research...I am in for the ride north......Also I was reading today re the Gold price and they are going all long....next stop $483 US......
Have a look the latest news of their Gold intersection at Gwalia, Marfel Loch, Tremoola....check it out at www.stbarbara.com.au, it makes interesting reading...and shows the value they will extract from their purchase....marvelous.

It looks as if St Barbara mines is getting noticed.....its waking up :)

Hey chicken, how do you interpret the latest amendment of drilling results?

Marvel Loch;

6m @ 85.1g/t gold, is now amended to 20m @ 11.0g/t gold

Its obvious that the grade is lower, and the width is larger, but how do we interpret that this is in net a good or bad thing?

- My question may be answered simply by observing the share price this morning, seems to be moving at a rate of knots!

Hey chicken, how do you interpret the latest amendment of drilling results?

Marvel Loch;

6m @ 85.1g/t gold, is now amended to 20m @ 11.0g/t gold

Its obvious that the grade is lower, and the width is larger, but how do we interpret that this is in net a good or bad thing?

- My question may be answered simply by observing the share price this morning, seems to be moving at a rate of knots!
When you read the report of Marvel LOCH....there is indeed a lot of GOLD in that mine..see what the company posted and you find they stated that all the rest of the report is 100% correct..share price was as high as 20 cents over 6 million shares traded..I am not selling at this low price.....As I said as soon as we have confirmation re the Nickel deposit at Sullivans you will see where we go then. I am sitting tight with my 500k shares... more buyers than sellers....price is going UP.....I bought as low as 11.5c....16.5 cents....and I told everyone this one has the potential after I read the report by Tim Treadgold....at sharemagazine....he is a geologist he knows Western Australia well......

Well Chicken I've sold out at 0.195 today as it reached my profit target, albeit A LOT EARLIER than I'd expected. My initial purchase was at 0.13, so it was a straight 50% and I'm extremely happy!

If SBM tracks back I'm more than keen to pick it up again. It looks very solid, but I have to lock in the profit for now. Nothing like seeing something as beautiful as this slip through your fingers :(

Well Chicken I've sold out at 0.195 today as it reached my profit target, albeit A LOT EARLIER than I'd expected. My initial purchase was at 0.13, so it was a straight 50% and I'm extremely happy!

If SBM tracks back I'm more than keen to pick it up again. It looks very solid, but I have to lock in the profit for now. Nothing like seeing something as beautiful as this slip through your fingers :(
There are still not many sellers more buyers and I feel there is a lot more upside than downside......I can wait...but each to their own good luck

Looks like the market finally is waking up to the fact that the 3 drilling results are astounding even if after looking at results that its 11 gms/p.tone Gold..but notice, we have in some section 45gms/p tone...people who bought must have read the report and there is indeed a lot of Gold at Marvel Loch...Its all around the Kalgoorlie Goldfields...and the indication are that we get a lot more data from them and they are NOT hedging at present just producing Gold....also when you read what was said at Diggers&Dealers...especially the Nickel ,which Ed Eshuys said may be present in the Sullivans...thinking it may be a large deposit..refering to Jubilees Cosmos...now should that transpire than all I can say fantastic...here is hoping....I have posted re Sullivans and also posted what Ed Eshuys said so if you are intrested in this stock as I am ,read what Ed Eshuys said at Diggers&Dealers.....and go to www.stbarbara.com.au its all there for everyone to read......

Looks like the market finally is waking up to the fact that the 3 drilling results are astounding even if after looking at results that its 11 gms/p.tone Gold..but notice, we have in some section 45gms/p tone...people who bought must have read the report and there is indeed a lot of Gold at Marvel Loch...Its all around the Kalgoorlie Goldfields...and the indication are that we get a lot more data from them and they are NOT hedging at present just producing Gold....also when you read what was said at Diggers&Dealers...especially the Nickel ,which Ed Eshuys said may be present in the Sullivans...thinking it may be a large deposit..refering to Jubilees Cosmos...now should that transpire than all I can say fantastic...here is hoping....I have posted re Sullivans and also posted what Ed Eshuys said so if you are intrested in this stock as I am ,read what Ed Eshuys said at Diggers&Dealers.....and go to www.stbarbara.com.au its all there for everyone to read......
Well, it looks as if Sbm has indeed turned the corner...in their repot for 2004/2005...they said their revenue is up by 102% to $67million $$$ their Goldsales were 83646 ozs for the year.... and their profit was $0.6 millon compared with last years loss of $24 million next year with their forecasts of at least 150000 ozs of Gold things are happening here...Yes the company has made a u turn and is back to recovery.....NOT BURNING CASH...and working to recreate which was nearly lost the assets required from SWG will make StBarbara Mines back to health....Tim Treadgold said ,if this would happen the company is a sleeper waiting for a wake up call....we have production and no longer losing money....and production this year will confirm that indeed the company secured a future for shareholders....better things to come....read the report

Have to agree with you Chicken, I bought them when they were .14c, but did not buy enough then. Thinking I might buy more soon. :)

Looks like they are starting some nickel exploration as well. And the gold price has just started its seasonal run :)

Looks like they are starting some nickel exploration as well. And the gold price has just started its seasonal run :)
Spacerooster yes you are right....their Nickel exploration should start very soon....I have posted that SWG done some research in the Sullivan, found Nickel...but lightly drilled...the CEO Ed Eshuys said the Sullivans has the same geological fingerprint as the Jubillees Cosmos mine....so another word it supposed to be hugh...all SBM shareholders are hopping that what was said will come to flourishen.... also you find information on webside www.stbarbara.com.au

its a pretty picture right now chicken!

I think I'll come in again on the next pullback although my hindsight tells me I should have come back the day after I sold them when they hit 0.18 again, arrgh (damn you hindsight!)

Hi chicken,

Can you tell me where I can get more information on santa barbara?
Thanks in advance.

Hi chicken,

Can you tell me where I can get more information on santa barbara?
Thanks in advance.
go to...www.stbarbara.com.au their own website

go to...www.stbarbara.com.au their own website
TINAUNDERTHEBRIDGE Hope you found the information you are looking for....decided to buy more today...see director buying......put in for 20.5 cents...had them in for 20cents but I dont think there are any chances at that price.......looks too strong this morning.......

Hi Chicken,

Looks like you are having a great run with SBM. I put it on my watch list last week when it was 0.175 :swear:

I might buy on weakness tomorrow, if there is any profit taking after today's run up.

Do you have a short term view on the SP, say 3 months and 6 months ?

Hi Chicken,

Looks like you are having a great run with SBM. I put it on my watch list last week when it was 0.175 :swear:

I might buy on weakness tomorrow, if there is any profit taking after today's run up.

Do you have a short term view on the SP, say 3 months and 6 months ?
I have, but looks like I got to keep this to myself..... GOLD is going up so most producing mines follow this trend, check Newcrest or others but all I can say we are going in the right direction....check www.stbarbara.com.au and make your research

Thanks, I noticed that Mr Wise (SBM director) topped up his shareholdings by 300 000 shares last Thursday and he did on market.

Thanks, I noticed that Mr Wise (SBM director) topped up his shareholdings by 300 000 shares last Thursday and he did on market.
What more can I say....as soon as I hear anything will post....went up 3c today or $15k for me....for the day

What more can I say....as soon as I hear anything will post....went up 3c today or $15k for me....for the day


Certainly was a good pick Chicken, I did buy last week once volume increased, so I am pretty happy.It certainly could retrace a little before the next push though, maybe signs of overheating a bit, but we will see.If Gold rises as predicted maybe a lot more to come.Director buying was a big plus for me as well, never a bad thing unless they really have no idea.:freak3:

Nice to be on to a winner after all my duds recently:bigthumb:

TINAUNDERTHEBRIDGE Hope you found the information you are looking for....decided to buy more today...see director buying......put in for 20.5 cents...had them in for 20cents but I dont think there are any chances at that price.......looks too strong this morning.......

Hi Chicken,

You are rolling in the cash.

It's interesting to watch this parabolic curve trend. When will it end in a drop with a more stable trend? I am not negative on it, but, it could be like a plane flying straight up into the air only to see it fall back to the ground on itself. A slower trend would have me in regardless of the price. :)

At 0.24 SBM has a market cap of 133 000 000, must be approaching full value

At 0.24 SBM has a market cap of 133 000 000, must be approaching full value
Far from it, assets are $300 million....check www.stbarbara.com.au

Plus hard to value a mining company who knows what they will find.

Raider,check www.stbarbara.com.au we know what they are sitting on we also know they are sitting on a Nickel prospect maybe as large as Cosmos...yes it is hard to value a mine company...but SBM is still the cheapest stock for a proven GOLD producer...on the ASX ,show me one cheaper with as much prospects.....

I have had a very detailed look at them but still very hard to tell, impossible
to know how much gold they are really going to produce in future years or was
last quarter especially good ( maybe if you were a geologist on site ). But
that is not to say that this company can not make you lots of money, major
daily share price movements. I sold out again yesterday and have brought
back in to UNW on which I have doubled my money over the last 2 months.
But thanks for the tip on SBM and good to see someone doing some research.

Good drop today maybe time to re-enter

Looks like all the excitement is over for now:sleeping:

Looks like all the excitement is over for now:sleeping:

I think it definately needs to cool down and consolidate for a while, nothing goes up in a straight line for long.

I am in for the medium term, unless stopped out of course.Gold is in a rising trend, SBM could be buying back up to another 56 million shares so I can't see much downside, but looking overheated for sure.As always time will tell, I am pretty excited though must be said.:jump:

Hey Chicken,

Have not heard from you lately, too busy counting the penny's :2twocents

I have been watching the ASX notices regarding the share buy back, so far two.

The 9th Sept buy back notice stipulated that SBM would buy at a maximum allowable price limit of 0.228

The 12th Sept buy back notice revised stipulated a maximum buy back price limit of 0.2336

No revised notice today, SBM opened at .235, which exceeds their buy back price limit. Even without SBM buying today the volume has stil beenl fairly good.

So I guess SBM is sitting there, as a buyer at 0.2336 until they revise their buy back notice.

:shoot: :bigun2:

Can anyone tell me how rule 7.33 is calculated in regards to to buy-back
price eg. is it the closing price of the last 5 days. Thanks

FYI - Revised announcement regarding share buy back. Maximum price limit now 0.236. Still more then 53 million shares to go.

Any ideas when this is going to stop? Its like a juggernaut, just keep on going.
Also, im sick of chicken winning the stock tipping with it, :).

Hi guys, this is my first post here. :)

Wow, SBM just hit 33c!! Huge volumes. Anyone have any insight as to why this is occuring?

I'm expecting ASX will be asking for a 'please explain' from SBM soon! :p:

Try this scenario;

1. Current assets 300 million and increasing with the price of gold.

2. Current market cap based on share price as at 16th Sept 153 million 0.27

3. 50 million share buy back on market.

Based on the value of their assets the sp should be closer to 0.55 - 0.60 Then if they make any money this year you will have to factor in a PE valution, something like 14.03 for this industrial sector.

I think all of this "should" add up to :2twocents

In the words of the mighty chicken "Make your own Research"

Hey Chicken, It's been a while since I could get back to ASF.

Just wanted to say you're a bloody legend!!

been on this baby since 9cents

and it's due to you pointing it out!

If you get to melbourne, send us a PM I owe you a beer or 3! :bier:

Last time I checked the PE was around 200 +. How high till the stock is over valued?

FYI - Recent Article in Mining News


St Barbara leads gold charge


Monday, September 19, 2005
WHILE Newcrest Mining shares closed in on the $20 level, it was Ed Eshuys' St Barbara Mines that was leading the charge of the Australian 'golds' today, with its rise of nearly 26% also giving its shareholders plenty to cheer about after years in the market wilderness.

St Barbara shares had risen just under 26% by midday to 34c, someway north of the 4c or so the stock was languishing at just 12 months ago. Shares have doubled inside the last month.

The strong upward trend follows the restructure of the company last year at the behest of major shareholder Resource Capital Fund, with Eshuys taking the reins from Stephen Miller.

St Barbara is targeting gold production for the 2005-06 fiscal year of 150,000oz at $415/oz. – primarily from the Marvel Loch/Southern Cross operations.

Medium term, the Sons of Gwalia gold assets (acquired by St Barbara earlier this year for $2.3 million cash and $35.7 million in environmental bonds) plus the idle Meekatharra operation, are being eyed as capable of 550,000ozpa at cash costs of $380-400/oz – possibly from September 2007.

Meantime Newcrest reached as high as $19.95 this morning, before retreating slightly to $19.75 in midday trade.

Other risers included Bendigo Gold (up 5.2% to $1.10), Croesus Mining (up 4.3% to 36.5c), Perseverance Corp (up 6% to 35.5c) and Resolute Mining (up 6% to $1.17).

Nasty little correction this morning.

Should be a good test for the recent gains.

Hopefully gold goes for a bit of a run soon...

Found this on another site. Very cool...

WHAT'S DRIVING GOLD ?

Most important, a new investment era began in 1999 and this will be the key to successful investing in the years ahead. This new era is being fueled by massive government spending, the largest debts and deficits the world has ever known, the war on terror, record high oil prices, a 25-year high in commodity prices, growing uncertainty, and the booming growth and demand out of China, as well as other emerging countries.

These factors provide a positive backdrop for gold and so does the weak U.S. dollar, which is poised to head even lower over time. The dollar, for instance, has already lost over 90% of its purchasing power since 1913 and it's dropped 70% since the early 1970s when it stopped having a link to gold, becoming instead a floating paper currency. Throughout history, whenever a currency stopped having a link to gold it dropped, and the dollar has not been an exception.

On the other hand, gold is the ultimate currency and it always has been. From the Greeks to the Romans, currencies have come and gone and historically, not one paper currency has survived. But gold is real money and it's maintained its value over the centuries. In fact, it has a 5000 year track record and no other investment can make that claim.

GOLD'S LOOKING GOOD

Looking at gold's technical big picture on Chart 1, you can see it's in a strong 35 year uptrend. A couple of years ago it broke above its downtrend since 1980, it's now at a 17 year high and its next resistance is at $500. Once gold is able to rise above that level, it's off to the races as there will be no further resistance until gold reaches the 1980 top area. And if this seems extreme, a look at the Dow Industrials compared to gold reinforces this outlook.

http://www.gold-eagle.com/editorials_05/images/aden100405a.gif


Chart 2 goes back to 1919. When this ratio rises, the Dow is stronger than gold and when it declines gold is stronger than stocks. Note that a mega shift occurred in 1999 from financial assets to tangible assets. This was a big deal marking the new era that's been underway since then.

http://www.gold-eagle.com/editorials_05/images/aden100405b.gif


As you can see, these shifts don't happen often. This is only the third time this has happened since 1919 but when these shifts take place, the trend tends to last for years. That was certainly the case in the 1980s and 1990s when the Dow Industrials was stronger than gold, but that's now changed.

Gold has been stronger than stocks since 1999 and it still is. That is, the percentage gains have been greater in gold than in stocks. And since the ratio tends to swing to extremes once a shift occurs and it's still far from the lows, gold will likely continue to outperform stocks for years to come. This tells us the gold universe is where your primary investment focus should be in the years ahead.

WHAT TO DO

If you're heavily invested in common stocks, we'd lighten up and at least balance it out with some gold investments. If you don't have any gold investments, we'd buy. And if you do have some gold, then hold onto it.

Gold is stable and it's an investment you'll want to hold for the long-term. Gold shares are more volatile than gold and while you can make a greater profit in them when gold is rising, they also tend to decline strongly during normal downward price corrections in gold. This makes gold shares more of a trader's market unless you're prepared to hold for the long-term and ride through steep corrections.

We like gold coins which can be purchased through reputable coin dealers. But for those who want a gold surrogate, there's always streetTracks Gold (GLD) and iSharesComex Gold (IAU), which are Exchange Traded funds (ETFs) and they move closely with the gold price. These can be purchased on the NYSE and AMEX just like any other stock.

As this new era unfolds and becomes more obvious, gold is going to become more attractive and, unfortunately, stocks will be less attractive. So make some strategy changes now while it's still early and we don't think you'll regret it.

http://www.gold-eagle.com/editorials_05/aden100405.html

Charts didn't post.

Sorry all.

Anyone notice how similar SBM's chart is to BMX?
Just thought it was worth mentioning...

spot gold's up US $4.30
18 year high achieved

$478.00

here comes $500

You can see why the sell off is happening if SBM performs according to its
own forecast their loss for the next quarter will be in the vicinity of 10 million
not counting any money that they will spend on share buy back ( maybe up to a million ). So even with the sale of South Laverton for (4 million cash ) their loss could still be up to 7 million and that is if their forecast is right.

You can see why the sell off is happening if SBM performs according to its
own forecast their loss for the next quarter will be in the vicinity of 10 million
not counting any money that they will spend on share buy back ( maybe up to a million ). So even with the sale of South Laverton for (4 million cash ) their loss could still be up to 7 million and that is if their forecast is right.
I have different figures....but there again we all read differently what there forecast are....CPF are going to take a larger slice of the company...they are increasing their shareholding..I wonder why....??? Are they stupid...I dont think so....I would suggest everyone read their report and my view is in fact the valuation are on the very,very low side...and as GOLD is bound to go through $500 where does everyone think the SP will be :2twocents

This is not my opinion but rather a report in a paper here in W.A on Oct. 23 from State One......

Reduce
St Barbara Mines (SBM)
We believe the purchase of Sons of Gwalia gold assets in March for $38 million was a smart move and the transition to producer has been well executed. However, we feel the market has fully priced in the aquisition, with SBM's share price up three-fold since March and its market capitilisation (diluted) increasing by $125 million to $180 million over the same period. Current reserves are also on the low side.

This is not my opinion but rather a report in a paper here in W.A on Oct. 23 from State One......

Reduce
St Barbara Mines (SBM)
We believe the purchase of Sons of Gwalia gold assets in March for $38 million was a smart move and the transition to producer has been well executed. However, we feel the market has fully priced in the aquisition, with SBM's share price up three-fold since March and its market capitilisation (diluted) increasing by $125 million to $180 million over the same period. Current reserves are also on the low side.
It said current reserves are on the low side.....well with 9.4 million ounces it must be on the low side....see what people say or write.....work it out how much they got in the ground in $$$ terms and I can truely say who is right....Just makes you think does it not and at todays close of 23 cents..you work it out because I do not wish to ramp......I am holding....watching and waiting for the next leg up :2twocents

It said current reserves are on the low side.....well with 9.4 million onzes it must be on the low side....see what people say or write.....work it out how much they got in the ground in $$$ terms and I can truely say who is right....Just makes you think does it not and at todays close of 23 cents..you work it out because I do not wish to ramp......I am holding....watching and waiting for the next leg up :2twocents

Welcome back Chicken!

Have a read:
http://www.aireview.com/index.php?act=view&catid=8&id=2971

Snake

Welcome back Chicken!

Have a read:
http://www.aireview.com/index.php?act=view&catid=8&id=2971

Snake
Tell me what has that got to do with the amount SBM has in the ground of 9.4 million ozs....Gold is heading to $500...and over as predicted by researchers....

It said current reserves are on the low side.....well with 9.4 million onzes it must be on the low side....see what people say or write.....work it out how much they got in the ground in $$$ terms and I can truely say who is right....Just makes you think does it not and at todays close of 23 cents..you work it out because I do not wish to ramp......I am holding....watching and waiting for the next leg up :2twocents


Current reserves stand at

Measured Tonnes Grade Oz
12,000,000 1.5g/t 600,000

Indicated Tonnes Grade Oz
55,000,000 2.0g/t 3,500,000

Inferred Tonnes Grade Oz
72,000,000 2.3g/t 5,300,000

Total Tonnes Grade Oz
140,000,000 2.1g/t 9,400,000

I guess what they are saying is that they have 600,000 onzes that are proven and ready to be mined, the remaining 8,800,000 onzes need more drilling to be proved up. There will certainly be more s/p spikes as the drill results convert these :D , do you know what stage the drilling is at??

And now with the sales of Laverton and Meeka its reserves are at around 6,600,000 ounces with 500,000 ounces of that in the measured category. Looks like they are getting serious. :D

Revamped St Barbara in $21m sell-off

http://www.thewest.com.au/20051031/business/tw-business-home-sto132608.html

Chart with todays action so far... may bounce off potential trend line... the support line at .215c isn't strong....interesting times... personally I am waiting to see if it shows signs of resiliance. :)

In at .215c... out now at.235c.. expecting a bit of overhead resistance at .24... may be wrong but clipped 8.5% for the day. :)

In at .215c... out now at.235c.. expecting a bit of overhead resistance at .24... may be wrong but clipped 8.5% for the day. :)
Finished strong today at 27.5 cents......up 2.5cents

Finished strong today at 27.5 cents......up 2.5cents


Yes it did, congratulations to you and Tim Treadgold. I planned a one day trade and stuck to it, thems the breaks.
You must have been nervous when your 500,000 shares went from .35c to .21c, $175,000 down to $105,000. How did you handle that pressure? :)

Yes it did, congratulations to you and Tim Treadgold. I planned a one day trade and stuck to it, thems the breaks.
You must have been nervous when your 500,000 shares went from .35c to .21c, $175,000 down to $105,000. How did you handle that pressure? :)
I sold at 32cents and bought back at 24 cents the other day......made a niece profit......I am going for another run....strong buying mac crossed over....niece candle

Director buying shares....

Director buying shares....

Exercise of options at 21c.. I wouldn't mind a few of them myself :D

Exercise of options at 21c.. I wouldn't mind a few of them myself :D

Oops- I didnt see that. :o
What could the excercise of these options mean? He doesnt think the price will go any higher?

Oops- I didnt see that. :o
What could the excercise of these options mean? He doesnt think the price will go any higher?
These option were given when SBM was revitalised...and SBM needed money...now they have money and hugh grounds for new discoveries....after all they cpi own a hugh slice of SBM....nearly 200 million shares....without them the company would have never been in a position to buy SWG assets.....after all you and me are just in for the ride...

Well,well,it looks as if this one is going for its next run......bought back in and here we go again.....make your research

See their announcements regarding upgrades and presentations...make your research looks all very good....

good article relating to yesterday's reserve upgrade.

http://www.tradingroom.com.au/news_research/index.jsp?page=aap_article.jsp&id=114183

Hopefully be an interesting day today considering gold was up appx $10 last night.

Sam

good article relating to yesterday's reserve upgrade.

http://www.tradingroom.com.au/news_research/index.jsp?page=aap_article.jsp&id=114183

Hopefully be an interesting day today considering gold was up appx $10 last night.

Sam
With Gold at $486.50 SBM will starting its new run....

Can someone calculate the fundamentals on SBM's SP if gold hits $500/ oz

Check Kitcometals....Gold NOW $491.50 and going higher..what else can I say....see their latest update on the company...NICKEL....will also play an important part we will know by december

Check Kitcometals....Gold NOW $491.50 and going higher..what else can I say....see their latest update on the company...NICKEL....will also play an important part we will know by december
Did anyone see the TV Business news re NEWMONT President CEO....said Gold will be around $525...by February2006....and in the next 2 years will be as high as $1000.....that is from the CEO Newmont Gold company.....so it looks as if SBM will be worth a lot more than present price.....watch this share I bought more on friday for 28.5 cents.......also I see a few overseas orders for more than a million shares lately.....do your research :2twocents

Saw that on TV... it has me looking at a few gold stocks in a different light. That show alone will boost investors and price alone across the whole sector. SBM looks like a real opportunity to me. I also like EQI. Do your own research on that one. Any other gold stock I should look into?

Cheers

PS any idea where I can keep a close eye on up to date gold price?

Saw that on TV... it has me looking at a few gold stocks in a different light. That show alone will boost investors and price alone across the whole sector. SBM looks like a real opportunity to me. I also like EQI. Do your own research on that one. Any other gold stock I should look into?

Cheers

PS any idea where I can keep a close eye on up to date gold price?
For up-to-date gold price, you can check at

http://www.kitco.com/charts/livegold.html

OXR.......


cheers laurie

Did anyone see the TV Business news re NEWMONT President CEO....said Gold will be around $525...by February2006....and in the next 2 years will be as high as $1000.....that is from the CEO Newmont Gold company.....so it looks as if SBM will be worth a lot more than present price.....watch this share I bought more on friday for 28.5 cents.......also I see a few overseas orders for more than a million shares lately.....do your research :2twocents


dammit ;) hit my stop loss at 28.5 ahhhhhhh sold to you aye chicken :sly: :swear:

Did anyone see the TV Business news re NEWMONT President CEO....said Gold will be around $525...by February2006....and in the next 2 years will be as high as $1000.....that is from the CEO Newmont Gold company.....so it looks as if SBM will be worth a lot more than present price.....watch this share I bought more on friday for 28.5 cents.......also I see a few overseas orders for more than a million shares lately.....do your research :2twocents

here is a link to a related article:

http://www.theage.com.au/news/business/newmonts-chief-sees-golden-future/2005/11/27/1133026347690.html

here is a link to a related article:

http://www.theage.com.au/news/business/newmonts-chief-sees-golden-future/2005/11/27/1133026347690.html
ALSO,DID ANYONE READ THEIR LAST ASX anouncements...DIRECTORS BUYING SHARES.....one bought 1 million shares ...at market and MR WISE bought another 200k shares for $63000 plus brokerage...now has 3.3 million shares...now that is intresting...do they know something which will be released in December 2005....maybe the Nickel results will be released...keep an Eye on this one I bought more...as I feel there is good news on the way...see what Jubilee said...after all they are in the same area re Nickel....

ALSO,DID ANYONE READ THEIR LAST ASX anouncements...DIRECTORS BUYING SHARES.....one bought 1 million shares ...at market and MR WISE bought another 200k shares for $63000 plus brokerage...now has 3.3 million shares...now that is intresting...do they know something which will be released in December 2005....maybe the Nickel results will be released...keep an Eye on this one I bought more...as I feel there is good news on the way...see what Jubilee said...after all they are in the same area re Nickel....
Big white candle on this one....going higher look at the gold price......$520.40 looks like another move north.... :2twocents

Why would have Ed E. sold his shares?

Red, he still got 31million options.....maybe just a little Xmas money for bills we all got them....53million shares traded.... :2twocents

i'm just curious here... what is with the sudden increase in volume today (52 millions +)? is there something going on OR going to happen? :confused:

cheers!
sc

i'm just curious here... what is with the sudden increase in volume today (52 millions +)? is there something going on OR going to happen? :confused:

cheers!
sc

One special block trade of near 50,000,000 accounts for most of it.

excuse me from being ignorance here but what's a special block trade? also, do you know who traded that block?

cheers!
sc

excuse me from being ignorance here but what's a special block trade? also, do you know who traded that block?

cheers!
sc

Try RCF11 ...

BIG WHITE CANDLE formed....so you experts know what is going to happen...looks as if I will win again the competition for December with this stock....i am holding again a fist full of these and do your research....where the price will go to...where are the chartist....SBM just got another $7 plus millions as the 49.5 million shares where options which capital sold to a Institution...to open the books up a little...so you experts please comments as little CHICKEN very happy again... :2twocents

bought a packet at 28.5 - I'm also very happy. Liked the look of the chart then and thought it would take off soon. Couple this with gold at $700Aus+. Chartists are pretty pumped for another lift considering that some instos just bought in! go chicken haha - much better than mgx for now

bought a packet at 28.5 - I'm also very happy. Liked the look of the chart then and thought it would take off soon. Couple this with gold at $700Aus+. Chartists are pretty pumped for another lift considering that some instos just bought in! go chicken haha - much better than mgx for now
you are right though MGX is going to have its place in the sun as well....and the other one I like is MAP...ready for rerating in 2006....as far as SBM yeah I bought back at 25.5 cents and same as you 28.5 cents...some people are kicking themself of having sold...me like ZFX...now its $5.96 unbelievable and my target was $4...now 50% above my forecasts.....but thats the way the cooky crumbles...SBM is dlivering the goods...MGX in 2006.... :2twocents

Chicken - you are the man! Thanks...overtaken Baglimit as the supreme stock tipper in my books!

Need some help ,maybe from chicken or someone that understands accounts.
In the June quarter total gold sales were 83,646 oz at a cash cost of $341
per oz this was recorded in their accounts (1.2 c production ) at a total cost
of $22,763,000 which doesn't seem right e.g (83,646 x $341 = $28,523,286 )

In the Sept quarter total sales were 53,554 oz at a cash cost of $346
yet in the accounts this came to $22,643.000 only $120,000 less than the last quarter, yet in the last quarter there was 30,000 oz extra mined these
figures don't add up.

Need some help ,maybe from chicken or someone that understands accounts.
In the June quarter total gold sales were 83,646 oz at a cash cost of $341
per oz this was recorded in their accounts (1.2 c production ) at a total cost
of $22,763,000 which doesn't seem right e.g (83,646 x $341 = $28,523,286 )

In the Sept quarter total sales were 53,554 oz at a cash cost of $346
yet in the accounts this came to $22,643.000 only $120,000 less than the last quarter, yet in the last quarter there was 30,000 oz extra mined these
figures don't add up.
Trader please email the company as you are right the figures do not add...also looks as if SBM is pushing through to 45 cents...a lot of buying out of Europe....noticed I am trying to refrain from posting in the competition I was going to take MGX but some one beat me to it...Gold is still rising and the trend is my friend.....Joe this would be a record to pick the same stock 4 times to win a competition unbelievable..I am holding a good size Shares in Sbm.....next stop 45 cents,.....look at ZFX unbelievable... :2twocents

Southern Cross Equities Limited (Syd) became an 8% shareholder of SBM, purchasing approx 40,000,000 shares today.

Has anyone heard of these guys before?

Now I call all you chartists..SBM is in a traingle formation..and check it ,a breakout is imminent to 40 cents ,lots of buyers I am holding..this is going to be my next ZFX....unbelievable...... :2twocents

while a break out to 40 cents would be a nice xmas present it will have to get through the lastest pull back in the gold price. some are thinking that this pull back could go on for a few weeks and gold could retrace to 475 before starting its next run... hope sbm can hold its current price through this time. today its off a liitle maybe due to the drop in gold. ANY THOUGHTS!

while a break out to 40 cents would be a nice xmas present it will have to get through the lastest pull back in the gold price. some are thinking that this pull back could go on for a few weeks and gold could retrace to 475 before starting its next run... hope sbm can hold its current price through this time. today its off a liitle maybe due to the drop in gold. ANY THOUGHTS!
We are all waiying for news from head office re its down a little..Traders are shaking the tree to get some shares cheap....waiting for the nickel report :2twocents

Trader please email the company as you are right the figures do not add...also looks as if SBM is pushing through to 45 cents...a lot of buying out of Europe....noticed I am trying to refrain from posting in the competition I was going to take MGX but some one beat me to it...Gold is still rising and the trend is my friend.....Joe this would be a record to pick the same stock 4 times to win a competition unbelievable..I am holding a good size Shares in Sbm.....next stop 45 cents,.....look at ZFX unbelievable... :2twocents
Thanks for the advice. Did email the company and got a very clear and interesting response, not all the gold that is produced is always sold in that
quarter ( not picked up daily ), accordinglly to the figures some 65,442 oz of
gold was produced in the sept quarter yet only 53,554 was sold which means
that 12,000 are just sitting there to be sold maybe in the dec quarter, which
could mean that this little company (with their 12,000 oz stockpiled - 43,000
ozs forcast and their current asset sale could increase their cash position by
anything between 20-25 million in the dec quarter.

I can't see it breaking 40 cents for the year 2005...

Is it worth holding on, seeing that Gold price is falling??

Any thoughts on when it might break 40 cents?

I can't see it breaking 40 cents for the year 2005...

Is it worth holding on, seeing that Gold price is falling??

Any thoughts on when it might break 40 cents?
My friend what did the GOLD price do overnight...NEED I SAY MORE...this Baby will go all the way to $1......NICKEL is their other big asset in progress... :2twocents

My friend what did the GOLD price do overnight...NEED I SAY MORE...this Baby will go all the way to $1......NICKEL is their other big asset in progress... :2twocents

Big Call There mate,
If it's going to reach $1 it will be in another 3-5 years!
I am not a holder, just been watching it for a few weeks and it looks like it's on the way down imo

Big Call There mate,
If it's going to reach $1 it will be in another 3-5 years!
I am not a holder, just been watching it for a few weeks and it looks like it's on the way down imo
Maltese do yourself a favour...go to www.stbarbara.com.au do some research read who and what the company does or did and where the company is heading by looks of things YOU HAVE NOT MADE ANY RESEARCH into who SBM is...I give you one clue...they bought the Gold assets from Sons of Gwalia Gold.....and now go and read up on what has been happening..as far as going down....you got that completly wrong as CHICKEN says DO YOUR RESEARCH :2twocents

Hi Guys,

I might be wrong but this chart pattern looks like a pennant on a somewhat leaning flagpole. If I am right, I would expect this stock to take off like a rocket almost immediately.

Here is another longer term view of the chart.......

Notice a Cup & Handle within a Cup & Handle, patterns repeating......

hi Ann,

thanks for posting the chart analysis of SBM. it's looking good -eh? ;)

cheers!

Hi saichuen,

Yep, looking good so far.....

gold price is pushing this share but yet to release any announcments..

Will probably look to buy if it breaks 40 cents which I doubt will occur for 2005..

Ann, good prediction with SBM's chart, big breakout today with a considerable rise in price. From what Ive read, a breakout from a triangle or leaning flag would indicate strength in the current bull run and a possible BUY indication?

Carpets,

It is so hard to know what is going to happen to a share, regardless of the pattern. Just look at the outcome today of another share I thought would do very well AQD. It might keep going tomorrow, it may not.

You see at this time of the year especially, investors are away on holidays or just relaxing with the family, so they put in offers to sell above their normal range in case of a rally. If you get enough investors doing that in certain popular stocks, you will see a price running way up on some stocks, as many investors put in silly high offers.

Then there are other stocks which the traders/investors may have already been sold out of, so there may be a fall/collapse/leveling off in the price. SBM may have a way to go or it might be a dead duck already. I don't have market depth, I invest through a broker. Although, I guess if I did have market depth and saw offers running all the way up, I would stand well clear, I choose not to be a victim of the Christmas rally.

Athough some of the clever traders who only need to make a few cents from large cap shares may be buying and selling into these rallies all day long until the sucker buyers run out. If you are dealing in two or three hundred thousand dollars a time, it doesn't take much to make a fortune. This is a busy time for the big active traders I should think.

:) Ann

hi all,
can anyone tell me why st barbara mines have changed thier name to st barbara limited ?
Changing the name may make no difference so why do it ?
cheers
ray :confused:

Hi Ray,

Here is a link and an explanation [?] from the company itself.

http://www.stbarbara.com.au/upfile/051520%20NameChange.pdf

Hi Ray,

Here is a link and an explanation [?] from the company itself.

http://www.stbarbara.com.au/upfile/051520%20NameChange.pdf
Good one Ann...you know I thought I am the only one who saw what is up...keep posting I like what you say..SBM is having a great TEA party...and as soon as the Sullivans Nickel deposit is know watch this one go hard...lots of European intrest here :2twocents

Maltese do yourself a favour...go to www.stbarbara.com.au do some research read who and what the company does or did and where the company is heading by looks of things YOU HAVE NOT MADE ANY RESEARCH into who SBM is...I give you one clue...they bought the Gold assets from Sons of Gwalia Gold.....and now go and read up on what has been happening..as far as going down....you got that completly wrong as CHICKEN says DO YOUR RESEARCH :2twocents

What would you know about research you cant even use a pricing model for a stock and thats how stocks are priced...why dont you leave the Maltese Bull alone...

What would you know about research you cant even use a pricing model for a stock and thats how stocks are priced...why dont you leave the Maltese Bull alone...

Hi Analyst,

Up front I will admit to being a total maths cretin. What was it that Maltese Bull said that was such a no no? What exactly is a 'pricing model'..see folks, you think I know stuff....nuh! :rolleyes:

Maltese Bull are you from Malta? I love the Maltese people and live in hope that one day I shall visit Malta. I have never met a more lovely group of people. Is it something in the water?

EDIT. Ooops was I addressing Chicken then....whetevr. You lot sort it out. :)

Hi Analyst,

Up front I will admit to being a total maths cretin. What was it that Maltese Bull said that was such a no no? What exactly is a 'pricing model'..see folks, you think I know stuff....nuh! :rolleyes:

Maltese Bull are you from Malta? I love the Maltese people and live in hope that one day I shall visit Malta. I have never met a more lovely group of people. Is it something in the water?

EDIT. Ooops was I addressing Chicken then....whetevr. You lot sort it out. :)

Its ok Ann...if you read the mgx posts you will find out a lot about pricing models just start from the last page. Chicken likes to critisise and pretend he is a rooster and thinks we are all his hens and bags stuff he dont understand..

He was nice to you i noticed probally cos he is looking for a girlfriend.

Anyway how old are you.. i am 36 and keep myself pretty fit and i am half maltese half scottish so if you wanna go to malta and find out a bit more about me just email me and maybe we can catch up...i will give you my mobile number and you can text me...

Its ok Ann...if you read the mgx posts you will find out a lot about pricing models just start from the last page. Chicken likes to critisise and pretend he is a rooster and thinks we are all his hens and bags stuff he dont understand..

He was nice to you i noticed probally cos he is looking for a girlfriend.

Anyway how old are you.. i am 36 and keep myself pretty fit and i am half maltese half scottish so if you wanna go to malta and find out a bit more about me just email me and maybe we can catch up...i will give you my mobile number and you can text me...

Aussie stock forums - "The dating site for traders" :D

Ahh bless you Analyst....

I am 55yo, matronly figure, two kids 19yo, 21yo one is a muso/sound engineer[drummer, guitarist.. shudupdamyou :banghead: ] the other is almost never there :) ... I am never beyond a bit of flattery. It will get you almost anywhere. I have a filthy temper when aroused...check out RPT if RichKid hasn't banned me yet! Hi Ho nothing new! :rolleyes:

Ahh bless you Analyst....

I am 55yo, matronly figure, two kids 19yo, 21yo one is a muso/sound engineer[drummer, guitarist.. shudupdamyou :banghead: ] the other is almost never there :) ... I am never beyond a bit of flattery. It will get you almost anywhere. I have a filthy temper when aroused...check out RPT if RichKid hasn't banned me yet! Hi Ho nothing new! :rolleyes:
Ann,read my MGX replys to this junior...I am 66 years old..35 years in the market and junior Analyst comes and want to give me a lesson..he still goty egg shells behind his ears...re SBM...we are on a winner here....re pricing model...he has not got a clue wants to make out he knows...what a laugh I can run rings around him..proved it have I not ZFX,SBM,Now watch MGX come to life...will become Ayustralias 4th largest Iron ore producer..... :2twocents

Ann,read my MGX replys to this junior...I am 66 years old..35 years in the market and junior Analyst comes and want to give me a lesson..he still goty egg shells behind his ears...re SBM...we are on a winner here....re pricing model...he has not got a clue wants to make out he knows...what a laugh I can run rings around him..proved it have I not ZFX,SBM,Now watch MGX come to life...will become Ayustralias 4th largest Iron ore producer..... :2twocents


Chicken forgot to add he gets more full of himself as he gets older and look he only has 3 stocks..a chicken should know not to put all his eggs in one basket..and if he doesnt watch himself i will get my 90 year old grandfather to give him a flogging....

Ann,read my MGX replys to this junior...I am 66 years old..35 years in the market and junior Analyst comes and want to give me a lesson..he still goty egg shells behind his ears...re SBM...we are on a winner here....re pricing model...he has not got a clue wants to make out he knows...what a laugh I can run rings around him..proved it have I not ZFX,SBM,Now watch MGX come to life...will become Ayustralias 4th largest Iron ore producer..... :2twocents

and his wife left him as well for a younger chicken

and his wife left him as well for a younger chicken
Ann, do you see what I mean..thinks he is bullet proof...LOLOLOLOLOLOLLO :2twocents

Uuuurgh you lot! :rolleyes:

I reckon Iron Ore is history. I think the Chinese are going to drag the price down. They got steel down, they got Manganese Ore down, now I think Iron Ore is going to get a wacking [sorry Chicken/Laurie don't yell at my, I could be dreadfully wrong]

I think the story is Zinc.

Uuuurgh you lot! :rolleyes:

I reckon Iron Ore is history. I think the Chinese are going to drag the price down. They got steel down, they got Manganese Ore down, now I think Iron Ore is going to get a wacking [sorry Chicken/Laurie don't yell at my, I could be dreadfully wrong]

I think the story is Zinc.

strangely enough.. i'm now researching into either zinc or iron ores stocks... apart from gold... :D so this is good to know for a starter.... will definitely do more readings, etc.

thanks.

Uuuurgh you lot! :rolleyes:

I reckon Iron Ore is history. I think the Chinese are going to drag the price down. They got steel down, they got Manganese Ore down, now I think Iron Ore is going to get a wacking [sorry Chicken/Laurie don't yell at my, I could be dreadfully wrong]

I think the story is Zinc.
yes ZINC..but you forgot one important metal.....and it will go balistic..shortage in the world..that is NICKEL........and SBM may have a hugh Nickel find in the Sullivans...do your research..as far as Iron ore is concerned..Ann you might be wrong...the Chinese Dynomo will need all the supply Australia can deliver.....I think Iron ore price will increase by 12%....now we will see who is right..why?...lots of problems in Brazil...natives are against taking iron ore from their land...read an article where they do not wish...for the company who is the largest supplier of Iron ore in the world...to mine their land...iron ore still hot :2twocents

i'm not sure if this is of any significance but SBM has just hit beyond the $0.40 price. could this be an anticipation for an announcement that is pending perhaps?

any comment anyone? :eek:

cheers!

Hi saichuen,

On the previous page I had a pennant on a flagpole. From a chart point of view it is a very successful breakout...so much so it is out of my close up screen on my charts....

closes at 47cents Up over 20%

Directors buying

over 7,000,000 shares traded

ASX Query

What a day for SBM!

All pointing to a positive announcement??

Shoulda listened to that Chicken... :D

Cheers,
GP

Nice One Chicken

what a day for SBM indeed... and hopefully the strong run will continue right through 2006... ;)

i did listen to the chicken, i just need to figure out when is the right exit point.
thanks chicken.

two of my mates work for different brokers - they both say hold (good things to come)

given that the response to asx was nothing to report is the price rise still justified?

given that the response to asx was nothing to report is the price rise still justified?

yeah speeding ticket today, but company says "not aware" of any new information that requires immediate announcing to the public? Hpow does that work then?

given that the response to asx was nothing to report is the price rise still justified?

Unless something that's been going on behind the scenes has leaked- then I doubt the rise is justifiable.

If Gold slips, SBM holders (myself included) could be in for a nasty fall :2twocents

Been having some great stocks lately - SBM you little beauty. Technically the rise was expected and in fact overdue, so it may or may not be purely a rise of that nature. Was over due a kick. Now if PNA and IGR follow suit by say march, i'll be having a nice holiday in the sun! GOld$523.40 as I type. looking like blue skies for the gold stocks fore mentioned!

given that the response to asx was nothing to report is the price rise still justified?
You ask if it was justiefied...here is the way I see it.....Sons of Gwalia Gold assets which SBM bought at BARGAIN BASEMENT price...altogether I think $38 million....what no one took notice of SBM valued the Gold assts at $275million plus the companies own assets say $60 million....we have a total figure of $335 million.....600 million shares at 45 cents==$270 million....we are still below assets as I value them...now how much are 6 million ozs of Gold worth.......so my target of $1...is still cheap...or I forgot what if SBM finds that the Sullivan has indeed the bonanzaa of NICKEL.....$1 will be cheap....now, can you people understand why I like this stock...I am not a rocket scintist just a bloke who sees things ,others miss.....how right was I with ZFX.....and SBM will deliver us another good result.... :2twocents

SBM - heading south today, already 3% down, correction after yesterday imo, resistance of .49,

GOOD BYE SAINTS

SBM - heading south today, already 3% down, correction after yesterday imo, resistance of .49,

GOOD BYE SAINTS

yep. 0.49 seems to be the next resistance level. also, it looks like it's pulling back a little today. i'm a small holder of this stock and have unloaded some of my holdings yesterday to take a small profit. :D

i might consider adding to it if hits beyond 0.49?

Great buyer depth on SBM today @ 8:11AM EST, With director investing in his own company must be a postive sign also with the upcomming nickel announcment mentioned by chicken..

Will probably be looking to secure this one if it is steady around 49-50 cents today

Great buyer depth on SBM today @ 8:11AM EST, With director investing in his own company must be a postive sign also with the upcomming nickel announcment mentioned by chicken..

Will probably be looking to secure this one if it is steady around 49-50 cents today
Looks as if this stock will have another great day....what a winner.... :D

Looks as if this stock will have another great day....what a winner.... :D

Hi chicken,

Fingers crossed SBM will break 50cps today. I have traded this share a few times from 9cps and started accumulating and holding from 30cps. The company has a great potential specially with the bargain acquisition of the SGW assets. I'm planning to hold and accumulate SBM in the medium to long term.

Cheers!

Hi chicken,

Fingers crossed SBM will break 50cps today. I have traded this share a few times from 9cps and started accumulating and holding from 30cps. The company has a great potential specially with the bargain acquisition of the SGW assets. I'm planning to hold and accumulate SBM in the medium to long term.

Cheers!
Niece to hear from you, yes this one is a winner and we have not seen the best of it...SWG ASSETS WERE INDEED THIS COMPANY S MAKER AND IT WAS A SMART MOVE AFTER ALL SWG paid hugh sums of money to build the gold assets .......we got producing mines, smelters and 10ksq landbank plus a hugh potential NICKEL mine how high will this go...$1 to $5 who knows but we are just on the starting line........plus $$$$$$ in the Bank :D

Niece to hear from you, yes this one is a winner and we have not seen the best of it...SWG ASSETS WERE INDEED THIS COMPANY S MAKER AND IT WAS A SMART MOVE AFTER ALL SWG paid hugh sums of money to build the gold assets .......we got producing mines, smelters and 10ksq landbank plus a hugh potential NICKEL mine how high will this go...$1 to $5 who knows but we are just on the starting line........plus $$$$$$ in the Bank :D
Sbm is reving its engine just wait when we get the results on the Sullivans and will they be good like Eshuys said look out next resistance at 80 cents.... :2twocents

hey chicken, just dropping a line to give you my hearty congratulations :)

You really picked a winner on SBM. My opinion, sell it now and buy a boat, hahaha ;)

If gold keeps on going up they will hit 80 cents before any annoucement and
don't forget quarterly results out maybe next week which will show a huge
increase in cash maybe up to 50 million.

Good work chicken. I took your warning and bought up. Sitting on a nice little profit now and strongly thinking of going in further. THANKS!

Good work chicken. I took your warning and bought up. Sitting on a nice little profit now and strongly thinking of going in further. THANKS!
Good on you I have got a swag as well.....waiting for news from this company...if Gold keeps on climbing...look out this one will do well for us...Mr T. Treadgold seems to know what he is talking about..... :2twocents

glad i sold out of this one

glad i sold out of this one

Glad you did too , just brought another 20,000

Gold appears to be drifting. Good luck.

maltesebull


Why are you glad you sold out?

Gold appears to be drifting. Good luck.
Smuggler..OH YEAH GOLD IS DRIFTING....read what you posted on this board 2nd post on Zinifex...Yep you know what you POST.....Dr.Faber of Hong KONG said Gold will go all the way to $3500 in the next 4 years..and he is a Billionaire...thats the difference Smuggler stick to your QTK they might jet show signs of life..and you can ramp them ,St Barbara mkines dont need ramping as they are becoming the 3rd or 4th largest producer of GOLD.in Australia,..at present price...this could be a takeover target..by NMC or Newmont...after all who bought the 50million shares a months ago....just wondering

Does anyone know why there is so many small trades going through and
mostly in patterns of the same amount , is this broker talk , I have seen the
same in other companies.

Does anyone know why there is so many small trades going through and
mostly in patterns of the same amount , is this broker talk , I have seen the
same in other companies.
Traders I have worked this out its broker identification..I am not sure if it is legal..have noticed the same trend should be reported to the ASIC as there is sculduckering going on...brokers were not allowed to be identivied..yes this is brokers talking....not ordinary trades......they are using either the las 3 no or last 2..it stinks foul....that they are stooping that low to still find a loophole where they are identifying themself....one way to know and get on the phone..colusion..how legal is that

Know if we only knew what they were saying.

Traders I have worked this out its broker identification..I am not sure if it is legal..have noticed the same trend should be reported to the ASIC as there is sculduckering going on...brokers were not allowed to be identivied..yes this is brokers talking....not ordinary trades......they are using either the las 3 no or last 2..it stinks foul....that they are stooping that low to still find a loophole where they are identifying themself....one way to know and get on the phone..colusion..how legal is that

Amazing this should be brang up as i this morning (bored for sure) as i was reading the financial review i decided to look at volume of trades and i noticed the same thing...i had to look again but there were set numbers to the amount of parcels going thru...cant believe they are actually so thick and low..

I reckon it was important to someone that SBM didn't drop lower than
0-47 and they were prepared to buy parcels at the rate of $5k - $10k per hour every 3 minutes to ensure it.

I'm paying $32 / trade at Etrade, at that rate on $150 trades they would need to sell at .57 to recoup the initial cost.

I reckon it was important to someone that SBM didn't drop lower than
0-47 and they were prepared to buy parcels at the rate of $5k - $10k per hour every 3 minutes to ensure it.

I'm paying $32 / trade at Etrade, at that rate on $150 trades they would need to sell at .57 to recoup the initial cost.

I always find it more pleasing someone keeping the price down but sometimes its better not trying to guess what the big boys are doing. If I understand what your saying correctly, it would be a broker doing the buying so they wouldn't have to pay a cent for the trades...probably some kind of bot doing the buys. Could be a sign of acumulation, buyer could be the seller, list goes on.

Personally I think SBM is a rock solid operation and the upside is huge. a drop to 045c wouldn't be unhealthy before breaking through 0.50 decisively on the next release (some financials) later in the month!

Put it this way they have 9.6m oz gold and with the current gold prices the financials will be much better than expected.

It was probably something like a 'bot - regular 3 minuntes, at 40 sec's past the minute.

It even seemed to pay o.47 a few times after the market had gone to 0.465

It seemed to increase the buy when it went to 0.465

I discounted accumulating because of the cost of the trades but if they are getting them gratis, different matter ...

Maybe will drop to 45 cents today

Volume seems light when it drops. I expect a big thrust up in coming weeks.

Wrong about it dropping to 45 cents brought some more at 47 cents now
back up to 48 cents, maybe quarterly out already on tuesday which will
surprise market - huge profit and even bigger cash position with maybe
major nickel discovery.

Geez no way can you call Chicken a ramper. I have the lovely Krisbarry doing the ramp over where I mostly live. UUUUUNNNNNbelievable!!

Anyway, it is probably time for a chart...looks OK to me. Doing a bit of consolidation....always good to see..

Sorry guys, that comment about Chicken being a ramper must have come from a comment on an early post I was reading on this thread I think I didn't turn to the last page when I came in so ahh well ....dill. Anyway :)

Well done chook. You've just graduated from the class of 2000 with straight dwe lol

Well done chook. You've just graduated from the class of 2000 with straight dwe lol
i THINK WE ALL SHOULD THANK MR TIM TREADGOLD AS WITHOUT HIS ARTICLE IN THE sHARES MAGAZINE i WOULD HAVE MISSED aLL CREDITS GO TO THAT MAN he after all rubbed my nose in SBM...at first I did not beliefe..but as some one posted...SBM is SWG without the hedgebook..and better qualified Geologists..after all Mr Edshuys the CEO knows what we have got...and may I point out SWG was as high as $10 in 2001.....and with the Gold going UP.....SBM is on a roll.....like ZFX......Zfx the article was also written by Mr Tim Treadgold....he is a beauty.....and who ever bought here...we are all going for a great spin here..so hold tight the best part is coming... :2twocents