yeah i dunno about the dividend comments to be honest... generally speaking with some exceptions only the big miners pay dividends so I am not sure i buy into the stock isn't going up because of a potential delay in dividends when the company (correct me if i am wrong) has never mentioned the inception of dividend payments. I also do not think the company makes enough free flowing profit to prioritise dividends over reinvestment into future mines for longevity.
The fundamentals are all there as you rightly pointed out but the stock market doesn't move on news alone it moves on volume i.e. money. SBM needs accelerated/aggressive interest from investors other than retail investors otherwise we are just stuck in this same holding pattern of getting up to near $3 then getting thumped back down because it is easy profits for investors who are in sub $2 or even sub $1.
Anyways would love to hear other thoughts that have more specific data attached rather than my more "anecdotal" comments
yeah i dunno about the dividend comments to be honest......
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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 |
