What sort of company, with a successful mine, buys two overvalued, debt-ridden mines widely separated from its original holdings? An utter disaster. I have been following the saga for quite a while, wanting to buy if they could improve the PNG and Solomon mines, but never saw any sign of it.
Bets on whether they will divest these mines, possibly in a sale (NCM might be interested!), IPO or hiveoff in a separate company to hapless shareholders? At least the old SBM would probably be profitable if they offloaded much of the debt.
pmd
Ann: Gold Ridge Operations Suspended , page-3
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Last
24.3¢ |
Change
0.003(1.04%) |
Mkt cap ! $200.4M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 24.5¢ | 23.5¢ | $481.4K | 2.029M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 369009 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 215377 | 16 |
View Market Depth
| Last trade - 11.59am 03/09/2024 (20 minute delay) ? |
| SBM (ASX) Chart |