Thks BF
Unfortunate your recent contact was not more positive but I believe with bad news SBM is developing a pattern of limited and measured announcements with its disclosures to shareholders using time to pursue/rectify its declining status or hope POG corrects. Complete opposite of recent years. I am afraid if I take u up on calling them the sell speel will be the same (ie what they are doing to make their strategy work )- a reflection on how they view the s/holders (owners) of this company. I hope I am wrong. It is also amazing that more debt would be considered for these o/s ops in this climate. Look at what debt has done to governments & corporates around the world and who pays in the end - not sustainable IMO. It is also amazing that they (mgt) seem to be buying time with debt in the expectation of POG turn around. These uncontrollable factors increase company risk , impacts credit ratings and destroys confidence. Is this what s/holders want .This is usually a short term measure at best.
Just a thought, @ current & decreasing SBM SP what if there is MA/takeover with another sizeable company. They could put o/s on care & maintenance use local ops to pay down debt but at what cost to s/holder value and have access to a sizeable resource in an industry where grades are diminishing.
cheers
LT holder
p.s the strategy needs to change to be sustainable
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44.0¢ |
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Mkt cap ! $360.0M |
Open | High | Low | Value | Volume |
40.0¢ | 44.5¢ | 39.5¢ | $2.617M | 6.172M |
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No. | Vol. | Price($) |
---|---|---|
3 | 26500 | 43.5¢ |
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Price($) | Vol. | No. |
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44.0¢ | 247956 | 11 |
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No. | Vol. | Price($) |
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3 | 26500 | 0.435 |
10 | 197269 | 0.430 |
3 | 76835 | 0.425 |
9 | 145146 | 0.420 |
3 | 135232 | 0.415 |
Price($) | Vol. | No. |
---|---|---|
0.440 | 245956 | 10 |
0.445 | 102916 | 4 |
0.450 | 263933 | 17 |
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0.460 | 54800 | 4 |
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