Yes, SBM's SP is about 25% oversold based on your figures, take...

Yes, SBM's SP is about 25% oversold based on your figures, take $4.64 AUD reduce it by 5%, 23 cents AUD gives you $4.41, then IMHO shave off about 10 to 20 cents for Bob Vassie and the Board lacking the ability to stop the leak of the news which reduces the market confidence.

By simple math, you have SBM worth $4,20 to $4,30 AUD.

It is a concern that the SBM is oversold and you have these massive overreactions on the ASX. I understand the fear factor across the ASX months before Shorten gets close to being the Australian ruler but the SBM selloff has been ridiculous bordering on Australian geopolitical risk paranoia.

Hollywood should start thinking of a Gods Must Be Crazy movie sequel: Australians must be crazy. In stead of a coke bottle, put a small digger or truck and have an Aussie share investor pivot the truck or digger around a deep cut gold mine. Have it explained by US President Hoover, a former mine manager at Gwalia, President Hoover, R.I.P.. could be shown at the top of the screen laughing at the primitive understandings of the Aussie investors. Trying to explain simple math, like $4.64 * 0.95 in long hand arithmetic. You could even hand out calculators in Australia. Will President/ Prime Minister/ Chairman Shorten allow calculators in Australia after May 2019?

Heaven knows what will happen to SBM next. SBM should have still remained above $4 AUD today IMHO. The ASX is very skittish, probably horrified at the chances of a Shorten regime post May and therefore any excuse for a selloff of anyone is excuse enough?