I am here to share my 2 cents.
Undoubtedly, SBM had an amazing run since last October. Altho Gwalia is a great mine, AISC is low even without any other significant by product credits. But Simberi is going to be depleted in 2 years time? and SBM hasn't developed third mine to grow the company further. I think substantial holders are cashing out while the share price is near its all time high atm and trigger the plunge today. This company desperately need other valuable asset to sustain its 2.5b cap. Any comment on my thought?
Ann: Production Update Q4 June 2018, page-15
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Last
34.5¢ |
Change
-0.005(1.43%) |
Mkt cap ! $233.2M | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 35.5¢ | 34.3¢ | $1.264M | 3.627M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 194355 | 34.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 70040 | 4 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| SBM (ASX) Chart |
