The St Barbara board led by Chairman Tim Netscher have made poor decision making into an art form. If they entertained any takeover offer before the share price was back over $2 where you would start and see a market cap more in line with the 10mil or 12mil oz reserve, would be just giving the company away and dilute long standing loyal shareholders unnecessarily.
With gold starting to move to the upside values can recover quicker than many might believe. Digital currencies backed by gold and other commodities will be here soon as the fiat system is failing and nations move away from the USD. Even Simberi and Atlantic will become attractive to a world of large funds as gold is re-rated and all gold mines become sort after.
SBM Price at posting:
70.5¢ Sentiment: Buy Disclosure: Held
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