• Australian (ASX) Stock Market Forum

Hello and welcome to Aussie Stock Forums!

To gain full access you must register. Registration is free and takes only a few seconds to complete.

Already a member? Log in here.

SBM - St Barbara Limited

Discussion in 'Stocks Q-Z' started by chicken, May 1, 2005.

  1. chicken

    chicken

    Posts:
    1,267
    Likes Received:
    0
    Joined:
    Dec 29, 2004
    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
     
  2. chicken

    chicken

    Posts:
    1,267
    Likes Received:
    0
    Joined:
    Dec 29, 2004
    Re: SBM....St BARBARA MINES

    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.....
     
  3. chicken

    chicken

    Posts:
    1,267
    Likes Received:
    0
    Joined:
    Dec 29, 2004
    Re: SBM....St BARBARA MINES

    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
     
  4. kooka1956

    kooka1956

    Posts:
    88
    Likes Received:
    0
    Joined:
    Aug 11, 2004
    Re: SBM....St BARBARA MINES

    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
     
  5. kooka1956

    kooka1956

    Posts:
    88
    Likes Received:
    0
    Joined:
    Aug 11, 2004
    Re: SBM....St BARBARA MINES

    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
     
  6. chicken

    chicken

    Posts:
    1,267
    Likes Received:
    0
    Joined:
    Dec 29, 2004
    Re: SBM....St BARBARA MINES

    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..
     
  7. chicken

    chicken

    Posts:
    1,267
    Likes Received:
    0
    Joined:
    Dec 29, 2004
  8. chicken

    chicken

    Posts:
    1,267
    Likes Received:
    0
    Joined:
    Dec 29, 2004
    Re: SBM....St BARBARA MINES

    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
     
  9. chicken

    chicken

    Posts:
    1,267
    Likes Received:
    0
    Joined:
    Dec 29, 2004
    Re: SBM....St BARBARA MINES

    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.....
     
  10. doctorj

    doctorj Hatchet Moderator

    Posts:
    2,727
    Likes Received:
    2
    Joined:
    Jan 3, 2005
    Re: SBM....St BARBARA MINES

    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!
     
  11. ob1kenobi

    ob1kenobi

    Posts:
    224
    Likes Received:
    0
    Joined:
    Apr 21, 2005
    Re: SBM....St BARBARA MINES

    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.
     
  12. chicken

    chicken

    Posts:
    1,267
    Likes Received:
    0
    Joined:
    Dec 29, 2004
    Re: SBM....St BARBARA MINES

    Doc,I feel as you said its on your Radar screene..that SBM will deliver..just a waiting game :2twocents
     
  13. chicken

    chicken

    Posts:
    1,267
    Likes Received:
    0
    Joined:
    Dec 29, 2004
    Re: SBM....St BARBARA MINES

    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?
     
  14. chicken

    chicken

    Posts:
    1,267
    Likes Received:
    0
    Joined:
    Dec 29, 2004
    Re: SBM....St BARBARA MINES

    Stock rose by 15% today....what is up annyone with clues...????
     
  15. It's Snake Pliskin

    It's Snake Pliskin

    Posts:
    3,880
    Likes Received:
    1
    Joined:
    Apr 21, 2005
    Re: SBM....St BARBARA MINES

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

    chicken

    Posts:
    1,267
    Likes Received:
    0
    Joined:
    Dec 29, 2004
    Re: SBM....St BARBARA MINES

    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
     
  17. chicken

    chicken

    Posts:
    1,267
    Likes Received:
    0
    Joined:
    Dec 29, 2004
    Re: SBM....St BARBARA MINES

    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
     
  18. chicken

    chicken

    Posts:
    1,267
    Likes Received:
    0
    Joined:
    Dec 29, 2004
    Re: SBM....St BARBARA MINES

    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
     
  19. Fleeta

    Fleeta

    Posts:
    352
    Likes Received:
    0
    Joined:
    Oct 11, 2004
    Re: SBM....St BARBARA MINES

    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?
     
  20. chicken

    chicken

    Posts:
    1,267
    Likes Received:
    0
    Joined:
    Dec 29, 2004
    Re: SBM....St BARBARA MINES

    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....
     

Share This Page