SBM is a cash cow now with no debt and significantly in-the-money hedges and Gwalia mine being strongly cash flow positive. I wonder if they will start paying dividends too. Bought in at $2.53 today.
I remember 4 years ago I started buying into them at 58c, and rode it down to 7c in December 2014, buying as it fell. Then in mid 2015, started to sell bit by bit as it made its dramatic move up. Somehow, they have been one of the luckiest gold miners around, having been saddled with so much debt that bankruptcy would have been likely if it was not for it maturing next year in April! They raised no capital in these four years and now they have repaid all their debt from operating cash flows, and some more!
Ann: Becoming a substantial holder, page-12
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Last
35.0¢ |
Change
0.005(1.45%) |
Mkt cap ! $233.2M | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 35.5¢ | 34.3¢ | $1.551M | 4.447M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 124478 | 34.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 272870 | 12 |
View Market Depth
| Last trade - 16.10pm 25/11/2024 (20 minute delay) ? |
| SBM (ASX) Chart |
