SBM 0.00% 44.0¢ st barbara limited

Ann: Presentation on March 2013 Quarter , page-20

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  1. 5,108 Posts.
    lightbulb Created with Sketch. 84
    not cheap at 150 million cap ?
    what? lol
    mate that would make SP some 30 cents
    now if price of gold trends lower towards 1200 or 1000 then yes you are right its not cheap
    but if price of gold holds 1400 and trends north towards 1500 or 1600 then a market cap of 150 million is cheap on any measure PE , NAV, EPS, any and all
    anyway its probably going to be a good short from here given we missed yesterdays gains i imagine pog will sell off aggressively over the weekend
    worth a short at this level imo
    technically overbought on the MACD
 
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