My understanding is they have $294 million cash on hand. They owe $45 million for tax and transaction costs and they have 2 mines with high AISIC. With that in mind I can see why it has taken a massive hit! They may now become a T/O target for someone eager to get $250 mill with a paper script bid. All my opinion and not investment advice.
Ann: Upcoming Record Date for entitlement to Genesis Share Distri, page-24
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Last
34.3¢ |
Change
-0.118(25.5%) |
Mkt cap ! $276.1M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 38.0¢ | 33.8¢ | $10.95M | 30.67M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 1433276 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.5¢ | 500194 | 33 |
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| Last trade - 14.50pm 05/11/2024 (20 minute delay) ? |
| SBM (ASX) Chart |