Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 21,779
- Reactions
- 10,516
I'm not sure about this merger. Can you make a silk purse out of two cows ears?
No.I'm not sure about this merger. Can you make a silk purse out of two cows ears?
No.
Another wonderful quarter from St. Barbara. Absolutely madness the market is assigning any value to this company.
View attachment 152121
Still a lot of 'em are more expensive!That's almost unbelievable. Is there a higher cost gold miner anywhere in the World?
Just a banter.SBM's Gwalia Deeps busted Sons of Gwalia NL some years back - forward selling gold was also a disaster. The side-track method of entry from other mines was successful for SBM but costs remain high. There may well be an opportunity though calling the low point and patience needed may well be a factor. Crashed in price in 1987 and hailed a dog stock from 1988 to 1994. In 1995 hailed as the number one performing mining share in Australia and probably the world.
Sons of Gwalia - Wikipedia
en.wikipedia.org
How much bias do Fat Prophets have in sticking to their recommendation as a buy and justify the price down under mid-week alert?Just a banter.
1993 Miner joined SOG. Lifted the price . Bought at 25 (?) Cents or so. Sold at $4 around. All manual trades then. Left SOG. Lalor brothers were gems. Unfortunately a top employee did some mischiefs. SOG was almost gone until St Barbara rescued from ashes.
Now ST Barbara lost heat and gone
.
A bloke (or Blokess) would be better listening to the varied views put up on ASF rather than the likes of Motley fool, Fat prophets, Morningside, etc etc.How much bias do Fat Prophets have in sticking to their recommendation as a buy and justify the price down under mid-week alert?
In fact, by the COB the price dived down by 21%. So even after this mid-week alert BUY, whosoever followed FP's recommendation, has made another loss. Friday could be further down the hill
Mid-week alert – St Barbara (ASX: SBM)
Latest Price: 75.5 cents - 15.2%
Shares in St Barbara have heavily fallen in today’s trading, following the release of its December 2022 quarterly activities report. Markets have taken unkindly to the fall in gold production and a significant rise in AISC, both year-on-year for the quarter.
St Barbara reported operating issues at is Gwalia mine causing delays in accessing new high-grade stopes as had been scheduled. St Barbara did indicate mining was to commence in the new zone in the June 2023 quarter. The delay is unfortunate but not terminal and increased production is coming.
Pleasingly 2023 guidance has been maintained but production is forecast to come in at the lower end of the range of 260,000 to 290,000 ounces of gold. AISC guidance was also maintained but will hit the top end of the range of A$2,250 to A$2,600 an ounce.
We will provide a full update in next weeks’ Australasian and Global Mining reports. In the meantime, as the operational issues at Gwalia are delaying only, we will maintain our buy recommendation on St Barbara for Members with no exposure.
How Fat Prophets misled people again.A bloke (or Blokess) would be better listening to the varied views put up on ASF rather than the likes of Motley fool, Fat prophets, Morningside, etc etc.
Mick
Rhetorical question right?This is a good advert for Fat Prophets. Do they actually do any research over there?
View attachment 153422
Rhetorical question right?
Don't know why Genesis doesn't just let SBM fall over in 3 more months and pick them up for cents on the dollar. Or just wait for Red5 to pick SBM up, then pick up the combined entity for cents on the dollar.
Brokers just want inflated market-caps. Every deal they do brings them profits. Doesn't work like that for shareholders!
After all the dust settles it is going to be very interesting to see what Hoover House does. They'll have 2 mills? A whole bunch of marginal deposits and mines, potentially a heck of a lot of cash. That's a good position to be in - however they could very well just go out and keep incinerating cash like there is no tomorrow. Very much a situation where a proper reset is needed. Stop everything, sack everyone and spend 6 months figuring out exactly what you've got and how to make money properly.
Who is vacuumed cleaned.....that is the question....Hoover House might be appropriately named. Might be a bit of a lifestyle company.
You meant Hoover vacuum cleaner made in VictoriaWho is vacuumed cleaned.....that is the question....
Good morning
St Barbara shares will be halted ahead of the release of an announcement concerning the status of the transaction with Genesis Minerals.
The announcement may include a potential adjustment to the structure of the proposed transaction.
St Barbara aims to make an announcement concerning the announcement prior to the
start of trading on April 6.
EDIT: Not holding
Kind regards
rcw1
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.