Honestly, I understand the temptation of selling but I think selling at this price may be a mistake.
Wait until we see the results because with the price of gold we may still have a "good quarter".
Then if the Atlantic mystery is revealed and is good enough.
Remeber SBM overpaid for Atlantic but gold price were $1200 to $1300 during negotiation. Now at $1500 One would think the premium is gone.
My feeling is that there is great long term value for SBM holders once the short term issues are addressed
Ann: Production Update Q1 September FY20, page-14
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Last
23.5¢ |
Change
0.005(2.17%) |
Mkt cap ! $192.3M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.5¢ | 22.5¢ | $307.2K | 1.334M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 48822 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 478664 | 5 |
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| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| SBM (ASX) Chart |