Re: SBM - St. Barbara Mines
Not as bad an outcome as i was expecting.
The placement was a 41 cents. only a 10% discount.
The momentum of SBM is very promising.
I think the balance sheet is not looking very good at the moment because VBA is funding the set up of V-Australia (the international carrier) which is not yet making any return on investment.
I think it is could be good value but the market is too wild at the momment for me to buy any.
Rio is being hammered today $95.9 looks like it is about to go through a year long support level......All this with no announcemnt....is there any news that i have missed??
Thats up to you mate, its all about risk v reward Posh.
Hey Adobee what do you think will happen today?
That announcement from Paulson in the US sounds like an agreement will be met today.
Im thinking today is going to be good for BNB. We will see.
Hi Posh,
Im new as well but i have been recently reading some books and infomation on the internet about stocks and charts. So if anyone thinks i am giving Posh a bum steer please speak up to help both Posh and myself.
Anyway basically from August 21 to Sept 10 the price would appraoch...
I worked out to attach a chart properly
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Has anyone got any thoughts on BBI now stock price between 40c and 45c cents. with a revised dividend of 10c i dont think it can go much lower. It look s like a bargain to me. I got some at 41c yesterday....however if it break support below 39 im out.
PS i am a beginner
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