SBM 1.49% 34.0¢ st barbara limited

Ann: Quarterly Report Q2 December 2016, page-9

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  1. 92 Posts.
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    I agree fully with your opinion. But I would like to emphasize one financial " Champions Leaque" achievement, namely the incredible effort to, in slightly more than 2 years, repay more than A$ 300 mln in debt and become cash positive. With the quite attractive margin on every produced OZ, now with the debt out of the way, they will be able to invest (it seems to me that they will save some A$ 25 mln. on interest every year now) in their own tenements but if necessary have the muscle to acquire other opportunities.
    Very well done job.
 
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