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Re: SBM - St. Barbara Mines

Well I'm not really factoring these director buys as a positive - though am happy to be corrected. As I understand it, the directors aren't strictly speaking buying in now - they're just taking up their 40c shares from the dismal offering recently. Which means they've all taken big hits (I think Ed lost about $460k as soon as that went through - the diff between the 40c he paid and the current SP). So the director buys, as I read them, reflect the confidence they had in the business a couple of months ago when they took up the offer, and when the SP was much higher than 40c, rather than that they have today (as with Macquarie). Did they have the option NOT to take the shares at 40c if the SP fell? I don't think so.

PS: I hope I'm not in breach of protocol, but seeing as there is so much mixed opinion on what the bl**dy costs of sales adjustments are, I've posted a thread about it in the newbies forum here in case someone not following this stock can shed some light. The guy at the Kebab shop who gives me all my tips in return for me holding him gently told me that I should be counting the actual cash costs as inclusive of that adjustment:

https://www.aussiestockforums.com/forums/showthread.php?p=317935#post317935

<blockquote data-quote="Paladin" data-source="post: 317931" data-attributes="member: 19141">Re: SBM - St. Barbara MinesWell I&#039;m not really factoring these director buys as a positive - though am happy to be corrected. As I understand it, the directors aren&#039;t strictly speaking buying in now - they&#039;re just taking up their 40c shares from the dismal offering recently. Which means they&#039;ve all taken big hits (I think Ed lost about $460k as soon as that went through - the diff between the 40c he paid and the current SP). So the director buys, as I read them, reflect the confidence they had in the business a couple of months ago when they took up the offer, and when the SP was much higher than 40c, rather than that they have today (as with Macquarie). Did they have the option NOT to take the shares at 40c if the SP fell? I don&#039;t think so.PS: I hope I&#039;m not in breach of protocol, but seeing as there is so much mixed opinion on what the bl**dy costs of sales adjustments are, I&#039;ve posted a thread about it in the newbies forum here in case someone not following this stock can shed some light. The guy at the Kebab shop who gives me all my tips in return for me holding him gently told me that I should be counting the actual cash costs as inclusive of that adjustment:<a href="https://www.aussiestockforums.com/forums/showthread.php?p=317935#post317935" target="_blank">https://www.aussiestockforums.com/forums/showthread.php?p=317935#post317935</a></blockquote>

[QUOTE="Paladin, post: 317931, member: 19141"] [b]Re: SBM - St. Barbara Mines[/b] Well I'm not really factoring these director buys as a positive - though am happy to be corrected. As I understand it, the directors aren't strictly speaking buying in now - they're just taking up their 40c shares from the dismal offering recently. Which means they've all taken big hits (I think Ed lost about $460k as soon as that went through - the diff between the 40c he paid and the current SP). So the director buys, as I read them, reflect the confidence they had in the business a couple of months ago when they took up the offer, and when the SP was much higher than 40c, rather than that they have today (as with Macquarie). Did they have the option NOT to take the shares at 40c if the SP fell? I don't think so. PS: I hope I'm not in breach of protocol, but seeing as there is so much mixed opinion on what the bl**dy costs of sales adjustments are, I've posted a thread about it in the newbies forum here in case someone not following this stock can shed some light. The guy at the Kebab shop who gives me all my tips in return for me holding him gently told me that I should be counting the actual cash costs as inclusive of that adjustment: [url]https://www.aussiestockforums.com/forums/showthread.php?p=317935#post317935[/url] [/QUOTE]

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