They can fund it from operations - there is no need to sell anything off.
They do not need the shaft for another 4 years, and they will be net debt free (when counting cash on hand) by early 2017.
If they sell Simberi it is because they are stupid and come from the big end of town and want nothing to do with a mine that is not tier one and involves some country risk. Since there are very few tier one mines, they would simply destroy any prospects SBM has for future growth. They share price would stagnate and we can kiss goodbye ideas of this heading over $3.00.
Where the heck has this crazy idea of selling Simberi come from? You sell the mine near the top of a cycle not so close to the bottom.
Can people provide links to where this idea is being mentioned by reputable people?
its a worry when you read ideas that can only depress the share price.
loki
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Last
33.0¢ |
Change
-0.010(2.94%) |
Mkt cap ! $233.2M |
Open | High | Low | Value | Volume |
34.0¢ | 34.5¢ | 32.5¢ | $1.347M | 4.054M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 552389 | 32.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.5¢ | 344648 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
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 02/12/2024 (20 minute delay) ? |
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