SBM 2.08% 23.5¢ st barbara limited

Ann: St Barbara supportive of Brightstar and Linden Gold merger, page-30

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    “Annual gold production from Simberi trending towards the bottom end of guidance. Guidance on Simberi AISC is revised to A$3,200 to A$3,400 with the anticipated further improvement in Q4 not being enough to bring the annual result back within the original guidance range of A$2,750 to A$3,050. Sustaining Capital range has been lowered to A$13 to A$15 million owing to timing changes.

    so if you expect a better production number this qtr than last

    but asic to be 3200-3400 for the year
    Average gold
    Price realized for year

    main operation of the business is making next to nothing

    sure they will unveil expansion- they have always been unveiling something for simberi and expansion will cost capital- the operations are not generating the capital / (excess cash flow from operations) to fund a future expansion

    so it ( expansion and development) will come mainly out of the cash holdings,

    no doubt any expansion will affect current production but for marketed long term
    Gains!!

    and then will Come the overruns delays and a lower bank balance- its sbm
 
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