Too many worrywarts here.
Since it bottomed out at 7 cents SBM has moved in big % steps up and then had a retrace. I think that is all we are getting here, plus profit taking and the expectation that the POG will retrace a bit.
Gwalia is one of the best mines in Oz, and Simberi is profitable at the current gold price.
SBM will continue to churn out large profits for at least another 6-8 years and their balance sheet should be net cash positive by the end of this year. Their large cashflow will easily fund Gwalia's capital requirements for a shaft and the upgrade of Simberi's plant to process sulphide compexed ore.
loki (back to sleep)
breakout alert, page-74
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Last
33.5¢ |
Change
-0.005(1.47%) |
Mkt cap ! $233.2M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.5¢ | 33.3¢ | $484.4K | 1.439M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 51 | 812554 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 746441 | 35 |
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| Last trade - 12.59pm 02/12/2024 (20 minute delay) ? |
| SBM (ASX) Chart |
