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SBM, ST BARBARA LIMITED
mullokintyre
post Posted: Yesterday, 08:45 AM
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The half yearly report out doesn't add lot to the quarterlies report.
Dividend maintained at 4 cps which is ok.
No lack of cash, so should be able to maintain the divvy.
Will probably be fully franked this next year as they chew up accumulated losses.
Atlantic gold purchase was a big contributor, lets hope that the gold price stays above and beyond the AUD2400 mark.
Will keep holding unless it shoots above 3.20 mark, but will need a gold surge to get there.
Mick



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bg99
post Posted: Jan 23 2020, 07:38 AM
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In Reply To: mullokintyre's post @ Jan 22 2020, 09:37 AM

Just had a read and have to agree with your conclusions......... I would have thought the ventilation improvements would have made more of a difference to forecasts

 
mullokintyre
post Posted: Jan 22 2020, 09:37 AM
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In Reply To: bg99's post @ Oct 21 2019, 05:42 PM

Quarterly out this morning not received as well as I expected.
Gold production up on Sep quarter at a lower AISc, Gold sales at a higher price.
Three of the four ventilation shafts are completed and working, with the fourth expected in April 2020.
Net cash on hand increased slightly and the cash contribution was 50% higher than last quarter.
One might think these were good enough numbers to give SBM a kick along.
However, the forecast contains some gloomier bits.
Both Gwalia and simberi gold production will be lower than last forecast at higher AISC.
The biggest concern is that there has been a consistent fall in gold production from the above two mines since sep september 2018.
So its sort of neutral, given that gold prices are expected to rise, but its not the stick i thought it was going to be.

Mick



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bg99
post Posted: Oct 21 2019, 05:42 PM
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In Reply To: mullokintyre's post @ Oct 18 2019, 09:46 AM

check out this article Mick, should be OK long term
https://www.sharecafe.com.au/2019/10/21/gwa...arbara-outlook/



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mullokintyre
post Posted: Oct 18 2019, 09:46 AM
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SBM puts out a lower guidance of output range, and a higher guidance for all in costs.
Share price crunched again.
Now well below last cap raising, hoping that more get out and it goes lower.
Still producing gold, still making a profit, on a forward PE under 9.
I will buy more , but hopefully at a lower price.
Mick



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PeterH
post Posted: May 31 2019, 11:35 AM
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In Reply To: mullokintyre's post @ May 31 2019, 10:28 AM

So did I Mull.
A classic case of the tiniest blip on the background of eternity presenting a buying opportunity.
And so pleasing to do it this way rather than take up the spp.


 

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mullokintyre
post Posted: May 31 2019, 10:28 AM
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In Reply To: mullokintyre's post @ May 17 2019, 11:44 AM

SBM hit a 52 week low this morning.
The announcement that they failed to reach the 355,000 ounce level did not go down well.
Not looking good for the retail share offer.
My other gold stocks are up, so just seems related to the announcement.
So I bought more.
It still produces gold, and with AUD falling, and an expectation of higher gold prices, its still seems like good value.
Mick





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mullokintyre
post Posted: May 17 2019, 11:44 AM
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St Barbara crunched after announcing an institutional placement at 2.89.
Retail mums and dads get a chance to buy as well at the same price.
The market does not seem impressed with this dilution.
Opened below the placement price.
Bought more today at 2.825, a fair bit below the placement price.

Still bullish on gold., love these buying opportunities.

Mick




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PeterH
post Posted: Mar 28 2019, 03:20 PM
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In Reply To: mullokintyre's post @ Mar 26 2019, 04:15 PM

Yep Mullokintyre I admit I bought some myself after my last post when I saw more buyers coming into the market. It remains a quality asset with a long mine life by Oz standards.
And taking a wider view of the future it is worth noting that it has a larger holding in CYL than does Gina. FWIW I rate CYL as the most promising Oz goldy still at the prospecting stage.


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mullokintyre
post Posted: Mar 26 2019, 04:15 PM
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In Reply To: PeterH's post @ Mar 23 2019, 10:38 AM

I bought in last Friday during the crash.
Didn't get the lowest price, but more than happy with the discount..
It produces gold, it ells gold, so its a goer as far as I am concerned.

Mick



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