Don't follow SBM so I'm not speaking in regards to their actual situation.
However if this has been an ongoing trend it could be due to hedging problems where there is no leverage to the rising Au price.In fact the opposite would be the case where the mark to market of the hedge contracts is negative.
Rising production costs to already high cost production would also be very negative.
As previously mentioned this MAY NOT apply to SBM.
re:what the, page-4
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Last
22.5¢ |
Change
-0.015(6.25%) |
Mkt cap ! $184.0M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.5¢ | 22.0¢ | $578.7K | 2.546M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 333834 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 522062 | 8 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| SBM (ASX) Chart |