SBM are looking at borrowing $20 million for work at Gwalia which is a little concerning. You would think the $120 million raising would be enough for now.
Possibly the projected capital is looking a little thin?
However if they were in financial strife they would be looking to sell their share in BDG worth about $13-14 million at present. That would send the alarm bells ringing.
You need to remember that the 10 million oz they say they have is only an estimate. We've seen what estimates get you over the years. They sometimes disappear.
update on sbm, page-41
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