Looks like they work from strength to strength. Given they had paid $16m in dividends and cash balance is up some $50m, they generated about $65-75m in free cash in one quarter. Gwalia grades are now around 0.4oz/tonne too. Well done!
Should they continue to operate as they do, they generate some $250-300m free cash in a year. This implies the current market cap of around $2 billion is still undervalued.
I had bought into SBM in July 2013 when it was 58c and then kept buying even into Dec 2014 when it had bottomed at 7c (but lowest I paid was 13c). Started selling in early 2015 at 34c all the way up to $2.70 or so in mid 2016. Held no more now but no regrets. Was a most inspiring journey, not without near depression when it bottomed.
This company is a most amazing turnaround story I've seen and experienced. I believe others who went through this will agree. Anyone also want to share this? Would love to hear from you all.
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Looks like they work from strength to strength. Given they had...
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Last
33.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $233.2M |
Open | High | Low | Value | Volume |
33.5¢ | 34.0¢ | 33.3¢ | $470.4K | 1.402M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 48620 | 33.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
34.0¢ | 240142 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 32500 | 3.430 |
9 | 72187 | 3.420 |
11 | 203897 | 3.410 |
9 | 117260 | 3.400 |
11 | 118353 | 3.390 |
Price($) | Vol. | No. |
---|---|---|
3.440 | 192470 | 22 |
3.450 | 143302 | 12 |
3.460 | 61139 | 4 |
3.470 | 41621 | 7 |
3.480 | 81907 | 5 |
Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
SBM (ASX) Chart |