What sort of company, with a successful mine, buys two overvalued, debt-ridden mines widely separated from its original holdings? An utter disaster. I have been following the saga for quite a while, wanting to buy if they could improve the PNG and Solomon mines, but never saw any sign of it.
Bets on whether they will divest these mines, possibly in a sale (NCM might be interested!), IPO or hiveoff in a separate company to hapless shareholders? At least the old SBM would probably be profitable if they offloaded much of the debt.
pmd
Ann: Gold Ridge Operations Suspended , page-3
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Last
24.0¢ |
Change
-0.015(5.88%) |
Mkt cap ! $196.4M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.0¢ | 23.5¢ | $1.052M | 4.312M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 186002 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 62700 | 3 |
View Market Depth
| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| SBM (ASX) Chart |