Looks like they work from strength to strength. Given they had paid $16m in dividends and cash balance is up some $50m, they generated about $65-75m in free cash in one quarter. Gwalia grades are now around 0.4oz/tonne too. Well done!
Should they continue to operate as they do, they generate some $250-300m free cash in a year. This implies the current market cap of around $2 billion is still undervalued.
I had bought into SBM in July 2013 when it was 58c and then kept buying even into Dec 2014 when it had bottomed at 7c (but lowest I paid was 13c). Started selling in early 2015 at 34c all the way up to $2.70 or so in mid 2016. Held no more now but no regrets. Was a most inspiring journey, not without near depression when it bottomed.
This company is a most amazing turnaround story I've seen and experienced. I believe others who went through this will agree. Anyone also want to share this? Would love to hear from you all.
Ann: Production Update Q3 March 2018, page-3
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Last
34.5¢ |
Change
-0.005(1.43%) |
Mkt cap ! $233.2M | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 35.5¢ | 34.3¢ | $1.264M | 3.627M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 194355 | 34.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 70040 | 4 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| SBM (ASX) Chart |
