The market seems to have discounted SBM after the numbers for GMX were released but now that they're moving towards a less capital intensive and less disruptive strategy, the market seems geared to further discount it. Lose/lose.
I think it'll overshoot to the downside so there may be a good trade in this.
Ann: Gwalia Mass Extraction Feasibility Study, Guidance & webcast, page-5
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Last
35.0¢ |
Change
-0.005(1.41%) |
Mkt cap ! $286.4M | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 37.0¢ | 34.0¢ | $2.232M | 6.325M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 176558 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.5¢ | 671383 | 8 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| SBM (ASX) Chart |