STB south boulder mines ltd

my thoughts, page-3

  1. 14,186 Posts.
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    Sam,

    Thanks for that information supporting a hunch I had that it was POTASH that had come off the boil recently.

    I can't figure the value of STB, and imho the volatility is largely due to that being everyone else's problem to. We can all do hypothetical valuations of what it "might" become worth, but the main risk factors are too uncertain to get any high level of confidence on a "risked valuation".

    That posters such as STB who were incessantly cheerleading have deserted means nothing to me, except confirming that they too never had a clue about a fair current valuation for STB.

    I suspect we"ll get another flurry of interest, as I suspect there will be another rabbit pulled out of the Eritrean hat. People can't expect a sustained sp rise from much anticipated results such as recently released, and people much also expect overshoot when a stock is rising and trying to find a top as STB appears to have done for now at 625. Finally the one way bet on further rises has been closed out.

    As always it's a matter of DYOR. In my case (as with other nickelphiles here) a bit late, but then I've reduced my risks by part offloading at various levels from $2 ish through to $6 ish. No real regrets about the $2, nor about $6, except that I only dropped about 2/3 of what I was going to there.

    If it becomes a tier one asset and moves into production without too many issues then imho it will have been well worth holding onto some, but if not the other assets (nickel etc) is not going to underwrite much of the current sp.

    EL
 
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