re: Ann: Quarterly Report for 3 months ended ... After the report and the way things are with production costs,SBM looks like they have some serious issues to attend with.If they cannot make a profit on an average gold price of $A1375,then their going to struggle with $A1250 and a rising Aussie dollar.Which could see $A1100 sooner than you think unless the US gold price starts rising sooner then later.
The end result could be a reduction in production cost of $100oz to a reduction in gold price of $275oz which wont improve the next cash flow report either.
Fundamentals are not looking strong for now so any big moves in the SP would be speculative.
Ann: Quarterly Report for 3 months ended 31 March, page-25
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Last
33.0¢ |
Change
0.005(1.54%) |
Mkt cap ! $270.0M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 35.0¢ | 33.0¢ | $3.529M | 10.42M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 464135 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 1700 | 1 |
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| SBM (ASX) Chart |