re: filling the gaps. Fair enough b2, you seem to be focusing more on the charts now. I assume that you still think the market is ignorant of the fundamentals that you mentioned?
I did some scouting around last night to try and find an unhedged australian gold producer (or nearing producer), to buy, that compared more favourably than sbm in terms of stock liquidity.
Two that kept on standing out were AVO and BMO but they don't appear in any hurry to move, and they dont appear to have any more potential than SBM, as exploration potential appears to be somewhat limited in comparison as well as mine life and production rates.
If BGF can get to 30c I don't see any problem with this getting to 50c in the short term, ie, before the end of the year. The gap means nothing if investers and perhaps funds are starting to percieve this as very undervalued, as they break out of their old preconceptions of SBM. It appears to be very reluctant to revisit 30c again any time soon.
The next quarterly could proove to be very interesting.
Got any suggestions for rivals to SBM?
madmacs chart, page-26
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Last
33.0¢ |
Change
0.030(10.0%) |
Mkt cap ! $298.8M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 33.0¢ | 31.0¢ | $3.101M | 9.730M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 185515 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 583860 | 7 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| SBM (ASX) Chart |