I am not sure how SBM can expect to pay off the $328 million debt given the high operating costs. I would be a little nervous being a SBM shareholder if the company doesn't perform to their 2014 guidance as per todays presentation.
I can see further weakness in the shares going forward and one would not wish for any further decrease in the gold price.
The ability to repay debt is a huge concern and one would imagine that there would be a few anxious SBM employees as well as shareholders.
difficult to pay off huge debt
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Last
30.0¢ |
Change
-0.005(1.64%) |
Mkt cap ! $271.6M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 30.5¢ | 29.8¢ | $795.6K | 2.632M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 792905 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 604694 | 15 |
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| Last trade - 10.58am 14/11/2024 (20 minute delay) ? |
| SBM (ASX) Chart |