But ofcourse,RCMan, yesterday’s hyperventilation amongst SBM traders will IMHO not last long. if I was a shorter, I would be extremely worried, I would be doing everything I could to get the word out that SBM should be low and should stay low. I would drum beat those brokers who agreed with a lowball valuation.
I would say I was ex company, degrade the assets in stock forums, and do all that.
But alas it is hard and difficult to see that the enormous sell off was justified.
IMHO SBM should definitely receive a drop from its 52 week high but down to about $4.10 to $4.25.
$3.29 is overkill and will be seen accordingly. I would be surprised if it is not trading around $4 midweek.
Ann: Gwalia Mass Extraction Feasibility Study, Guidance & webcast, page-149
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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¢ | 35.0¢ | $880.4K | 2.506M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 930989 | 34.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 597738 | 9 |
View Market Depth
| Last trade - 12.38pm 25/11/2024 (20 minute delay) ? |
| SBM (ASX) Chart |
