SBM 0.00% 20.0¢ st barbara limited

Gee BW, 8 months ago this was 18-18.5c and if I recall there was...

  1. 43 Posts.
    Gee BW, 8 months ago this was 18-18.5c and if I recall there was a lot of aggreance.

    Regardless,

    Those who didn't sell and held on would be greatfull now and those that bought then and doubled their money would also be greatfull.

    Reasons to hold,

    - Gold is trending up
    - New management calling the shots
    - New 3y plan; realistic & achievable
    - Cashflow improving and worst is over
    - Share price is holding in the 30's
    - Key large shareholders haven't sold out
    - New large shareholder has bought in
    - A$ Gold price has based.
    - Capital Costs to reduce in 2010+
    - $82.6m in the bank as of 30-Sep 09
    - Tower Hill develop. full feasability (results Mar Qtr)
    - Tarmoola develop. and/or sale (further updates Mar Qtr)

    Also, the company is well advanced in securing funding for potential early redemption of conv. notes.

    Cheers,

    kbxk


 
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