From the last paragraph of your post:
“The market reaction is (in our view) proof that it’s not what is happening now that matters (SBM is running well, and forecast cash projections are very healthy), but rather what will happen next.”
This negative call acknowledges that the company is currently in good shape and healthy and the call is based on future events. It has long been my view that it is time for SBM to make a quality acquisition to offset any of these future negatives. They are cashed up and have good ongoing cashflow, just need to be a bit more careful with the acquisition than the previous one.
Hopefully will see a nice bounce Monday.
Ann: Gwalia Mass Extraction Feasibility Study, Guidance & webcast, page-143
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Last
34.0¢ |
Change
0.005(1.49%) |
Mkt cap ! $233.2M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 34.5¢ | 33.5¢ | $678.5K | 1.991M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 131915 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.5¢ | 327657 | 15 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| SBM (ASX) Chart |
