So back in May I analysed the company and expected a more...

So back in May I analysed the company and expected a more conservative price range for the company based on what they had provided for me. I try not to read too much into mine complexity, management optimism and investor sentiment, preferring to sticking to what is delivered, which has its setbacks obviously. But, seems like the company's performance for the September quarter has somewhat supported that conservative valuation range. I notice some people had sold down a bit in the past few months, against the tide of many seasoned investors who wanted to give the company a benefit of the doubt that they are turning around. Seems like for St Barbara, the doubters were awarded this time.

Though, can't expect to be right all the time. Well done to those who were cautious and pocketed some cash when the company traded above $3.50. Short of a good turnaround, I am not seeing the price return above $3.50 for the next three months myself.

Cheers,
Brian