SBM wrote the loan down to zero in December, so they are actually getting an $11m return on a loan they had previously fully written off.
Linden has been selling ore to Gwalia for +2 years for +40koz of SBM output. Win/win, Linden need milling and gwalia needed ore. GMD likely to continue this for obvious reasons.
SBM will become 30% shareholders of a cash flow positive junior thats looking to list. Without debt this increases the chances of listing. Also keeps them involved in the WA gold space and more specifically the largely underdeveloped laverton goldfield.
Ann: Revised Recapitalisation of Second Fortune Debt Facility, page-4
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Last
32.8¢ |
Change
-0.013(3.68%) |
Mkt cap ! $268.0M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.8¢ | 32.5¢ | $584.5K | 1.756M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 605294 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 126062 | 15 |
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| Last trade - 13.49pm 03/10/2024 (20 minute delay) ? |
| SBM (ASX) Chart |