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Re: SBM - St. Barbara Mines

As I understand it (and to repeat, I'm an idiot and getting my advice via my Sudanese taxi driver) $646 is after cost of sales adjustments and does not factor in depreciation etc. So some are pegging real cash costs at around the $800 mark which is close enough to the spot to be uncomfortable. But on the plus side, that's an aberrant result due to the crusher failure etc (how up front was the company about this, though?) and the company is nicely cashed up. Watching the stock today it looks like it's finding some support this afternoon. Bullish on this stock, and wanting to buy in when the price finds genuine support, but unsure where it will go from here. It seems to all hinge on Gwalia. Mac Bank, with its shares in other gold producers, is ideally placed to be sending out the takeover feelers, IMO.

The cashflow statement will be interesting reading. But please, everyone, weight my opinion lightly. I'm a newbie and learning the ropes myself.

<blockquote data-quote="Paladin" data-source="post: 316820" data-attributes="member: 19141">Re: SBM - St. Barbara MinesAs I understand it (and to repeat, I&#039;m an idiot and getting my advice via my Sudanese taxi driver) $646 is after cost of sales adjustments and does not factor in depreciation etc. So some are pegging real cash costs at around the $800 mark which is close enough to the spot to be uncomfortable. But on the plus side, that&#039;s an aberrant result due to the crusher failure etc (how up front was the company about this, though?) and the company is nicely cashed up. Watching the stock today it looks like it&#039;s finding some support this afternoon. Bullish on this stock, and wanting to buy in when the price finds genuine support, but unsure where it will go from here. It seems to all hinge on Gwalia. Mac Bank, with its shares in other gold producers, is ideally placed to be sending out the takeover feelers, IMO.The cashflow statement will be interesting reading. But please, everyone, weight my opinion lightly. I&#039;m a newbie and learning the ropes myself.</blockquote>

[QUOTE="Paladin, post: 316820, member: 19141"] [b]Re: SBM - St. Barbara Mines[/b] As I understand it (and to repeat, I'm an idiot and getting my advice via my Sudanese taxi driver) $646 is after cost of sales adjustments and does not factor in depreciation etc. So some are pegging real cash costs at around the $800 mark which is close enough to the spot to be uncomfortable. But on the plus side, that's an aberrant result due to the crusher failure etc (how up front was the company about this, though?) and the company is nicely cashed up. Watching the stock today it looks like it's finding some support this afternoon. Bullish on this stock, and wanting to buy in when the price finds genuine support, but unsure where it will go from here. It seems to all hinge on Gwalia. Mac Bank, with its shares in other gold producers, is ideally placed to be sending out the takeover feelers, IMO. The cashflow statement will be interesting reading. But please, everyone, weight my opinion lightly. I'm a newbie and learning the ropes myself. [/QUOTE]

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