Blacks Thanks for sharing the MacBank update. I can recall when...

Blacks

Thanks for sharing the MacBank update. I can recall when they had SBM valued at under 20 cents, or perhaps it was even lower.

It has taken them far too long to upgrade their valuation, and in the meantime SBM got away from a lot of their clients.

I am amazed at their high valuation at this stage. I suppose if its a 12 month target then its OK, that is where I see them around mid 2016, assuming the gold price does not croak.

MLX and EVN are good companies with a lot of potential (EVN perhaps not as much but they are lower cost company). I have some MLX shares and keep kicking myself for not buying EVN when they were under 50 cents in late 2014. MLX could go for a good run once they have shown they can profitably mine gold in the Murchison. BDR is a badly mismanaged company which could turn out OK or not, with good blue sky potential. I also bought some BDR shares for a trade recently, but this one may turn out poorly

You may get another chance with SBM at a lower price if the AUD POG retreats enough - but now that MacBank has them as a preferred goldie there will be a lot of eager eyes on them with interest in getting onboard or adding to their positions, including moi, so perhaps they will not fall much. At least now I know why they have raced up on no news.

Things should get interesting in the investment world once the Fed finally starts to raise interest rates.

Where did you find out MacBank's SBM recommendation?

loki (SBM @$3.50 in 2018, or bust)