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SBM, ST BARBARA LIMITED
mullokintyre
post Posted: Jul 7 2020, 09:55 AM
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In Reply To: mullokintyre's post @ Apr 28 2020, 09:34 AM

Full year production of 382 mill ounces right in the middle of previous estimate range. and thw AISC also in the middle of estimates range.
Good result. Be interesting to see what next years guidance will look like.
Most interesting part is the net cash of $86mill, and a closing year balance of $406 mill.
Thats a fair sized warchest, and with gold still performing strongly, will get even bigger.
Wonder what they have in store for all that mullah.
Still bedding down Atlantic gold purchase, so maybe need to hang loose unless something compelling comes up.
Expect gold stocks to get some real momentum at this rate.
Mick



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mullokintyre
post Posted: Apr 28 2020, 09:34 AM
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3rd quarter out, still on track for 370 to 400k ounces for full year.
Given the average gold sale price is now above 2100, profits should be pretty good.
Atlantic gold has been a very nice acquisition.
AISC is in very low 900's makes it very profitable with gold still above AUD2600 an ounce.
Will keep holding at this rate.
Mick



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mullokintyre
post Posted: Apr 1 2020, 11:52 AM
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sBM have joined the list of gold miners who say that the CV lockdowns etc have not materially impacted operatioms/production.
Of course that may change, particularly in PNG , as flights in and out are suspended.
Waiting.
Mick



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mullokintyre
post Posted: Mar 2 2020, 08:42 AM
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In Reply To: mullokintyre's post @ Feb 19 2020, 08:45 AM

The reserves and resources upgrade after the drilling program will struggle make any difference.
Modest increase in both, but in this climate, you could strike a pure gold reef and still trashed.
Mick



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mullokintyre
post Posted: Feb 19 2020, 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

 

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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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