SBM 7.69% 24.0¢ st barbara limited

Worthwhile to revisit this with benefit of the hindsight of the...

  1. 1,053 Posts.
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    Worthwhile to revisit this with benefit of the hindsight of the last six and a half months. So for a while we did see St Barbara head above $3, and even $3.50. However, looks like despite the best efforts of the management to boost Gwalia production, looks like we are going to have to wait a bit. Investors seemed to have dampened their sentiment the last six weeks though this is an industry wide phenomenon each year from late September to early December.

    Regardless of the US election outcome, though I'm willing to go down on record for a President Trump second term, I think gold has bottomed and the gold mining stocks are positioned to steadily rise and then January should see some nice moves of past is prologue. However, I think I'm still cautious to say St Barbara is out of the woods to head to $4 yet. Simberi is a positive to look forward to regarding the Sulfide processing plant development. But I would rarely be willing to get too bullish in the development phase, because it is a cash consumption phase.

    Those who had been very bullish and viewed my report differently back in May could be right in due time, but I propose that the last six months, they got ahead of themselves. I hope that their insights about the coming months will indeed play out as I still have a horse in this race but I wasn't whipping it up, instead focusing on AIS, CAI, CDV, KCN, OBM, RMS, SAR and WGX.

    Cheers,
    Brian
    Last edited by brianchu82: 05/12/20
 
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