St Barbara Ltd

SBM Details
· Stock pressure could continue: St Barbara Ltd (ASX: SBM) stock lost over 8.8% on November 10, 2016 impacted by the weakness in gold prices. On the other side, the group is planning to further drill at Gwalia in fiscal year of 2017 for northern extension and below the present Ore Reserve (which remains open at depth) to enhance Resource and Reserve in conjunction with a ventilation shaft feasibility study. The group is exploring new seismic geophysics at Gwalia and the Leonora region in parallel with the Simberi strategic review. Despite these drilling efforts we believe the stock pressure could continue given the gold prices’ volatility.

· Recommendation: We give an “Expensive” recommendation on the stock at the current price of - $ 2.69

 

Drillings highlights (Source: Company Reports) 

Regis Resources Limited

RRL Details
· Higher levels: Regis Resources Limited (ASX: RRL) stock fell over 9.7% on November 10, 2016 along with its peers impacted by gold price movement. Duketon Mining Limited (ASX: DKM) recently reported a positive progress and drilling results at their Duketon Gold Exploration Joint Venture wherein the group has right to earn a 75% interest. On the other hand, RRL stock already surged over 43.2% in this year to date (as of November 08, 2016) placing the stock at higher levels. The ongoing gold prices volatility could also hurt the stock sentiment in the coming months.

· Recommendation: We give an “Expensive” recommendation on the stock at the current price of – $ 3.29

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