Nothing much will happen until HHL have finished selling - could take another 2-3 weeks.
I think they still have around 20-24m shares to sell.
I doubt the share price will get back much above $2,50-2.60 given that the AUD POG is $200 below its recent high, costs are going up somewhat (still big margin on Gwalia production), Simberi costs are highish and unless they can find more oxide gold or the gold price heads up a lot they will put it on C&M in 2 years time.
I am now just valuing SBM on Gwalia alone.
loki
Buy Signal is on Today, page-2
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Last
34.0¢ |
Change
0.005(1.49%) |
Mkt cap ! $233.2M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 34.5¢ | 33.5¢ | $678.5K | 1.991M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 131915 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.5¢ | 327657 | 15 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| SBM (ASX) Chart |
