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Real-Time news about ST.Barbara (London Stock Exchange): 0 recent articles
|geoff80: What a difference in 2 years. Share price up 6 fold at over 2AU$. http://uk.advfn.com/news/DJN/2012/article/52951664|
|master rsi: hi all
does anybody know anything about the company buying back the small parcel from shareholders that did not reply.
the last day of reply was 29 September 05, (edited) but so far no news of it.
Is the company waiting for the share price to drop further, after buying on the market earlier and pushing the price up ?|
|cestnous: Although I bought this on a gut feeling without doing any research, (yes, I know its the wrong way round, but sometimes you just can't be bothered, and face it, only those with a gambling tendency invest in stocks like this anyway), it looks like I may have stumbled into something which may prove to be even more profitable than it has been up to now.
Forgive me if the info below is already known to you, but it helps me get my head around the prospects.
They have a land bank of 15000sq.k
Reserves of 9.3 m oz
5 processing plants (though it looks like they are selling one as surplus to requirements)
4 smelters though this is only from one source and I have not been able to confirm it.
All the above they bought for what look in hindsite to be a song. One figure I read for the cost of all this at todays new start up prices was Aus$300-400 mil.
This seem s exagerated to me as they are only capitalised at £80mil. Comments welcome.
The Goldiggers Conference report on their website gives two figures for production costs from Southern Cross and South Leventon; the first is 840,000z @ £148 /oz which is for (actual) production to end of June, and the other of 150,000 @£180/oz for 2005/6 as a whole. This is cheap. But look at these grades from their web site, which all seem to me to bode well for the resources update due this month. Aus sites for what its worth, all seem very upbeat on this pending announcement;
Initial High Grade Drilling Results from Gwalia Deeps, Tarmoola & Marvel Loch ... Gwalia Deeps 18.9m @ 23.5g/t...Tarmoola 41m @ 2.7g/t, 11m @ 7.5g/t, 7m @ 9.3g/t...Marvel Loch 12m @ 25.8g/t, 3m @42.5g/t ..
They have $16.7mil in the bank, not inc. that set aside for certs. and budget $10mil for exploration in 2005/06. This includes the nickel sulphide deposits I presume.
Put all this together with an ongoing buy back of up to 10% of the shares on issue and you get a company with a share price of 14p.
I for one can't see it staying there for long, but I am a holder and therefore biassed.
Please feel free to pick holes in the above and please dont buy on my advice. You are talking to someone remember, who bought Amino at the issue price. I thought that was a good deal at the time!
|master rsi: Here is some information of the stock in Australia Code Last % Chg Bid Offer Open High Low Vol SBM 0.340 3.03% 0.340 0.345 0.340 0.355 0.335 9,764,808|
|karzy: Share price decline is interlinked with nmc's and sed's share price falls.|
ST.Barbara share price data is direct from the London Stock Exchange