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!
SBM is a cash cow now with no debt and significantly...
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SBM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
34.0¢ |
Change
0.005(1.49%) |
Mkt cap ! $233.2M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 34.5¢ | 33.5¢ | $276.6K | 812.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 399767 | 33.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 128413 | 7 |
View Market Depth
| Last trade - 10.54am 29/11/2024 (20 minute delay) ? |
| SBM (ASX) Chart |
