I am not sure how SBM can expect to pay off the $328 million debt given the high operating costs. I would be a little nervous being a SBM shareholder if the company doesn't perform to their 2014 guidance as per todays presentation.
I can see further weakness in the shares going forward and one would not wish for any further decrease in the gold price.
The ability to repay debt is a huge concern and one would imagine that there would be a few anxious SBM employees as well as shareholders.
difficult to pay off huge debt
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Last
23.0¢ |
Change
-0.005(2.13%) |
Mkt cap ! $188.2M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 24.0¢ | 23.0¢ | $474.8K | 2.022M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 853701 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 105454 | 4 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| SBM (ASX) Chart |