On the money in the bank, I believe they are net cash zero.
$100m in bank however they inherited $100m debt from Atlantic.
They are certainly the unloved stock among the Aussie mid range miners. Even RRL have been stronger despite selling over 400k oz in hedging circa $1550 AUD. That is a big chunk of earnings lost.
My opinion is that the raising was badly managed and received, especially due to the timing of the production downgrade (I do believe this was a one off due to testing out the alternate to Gwalia trucking theory).On top a lot of banks and investors are of the opinion SBM paid up for Atlantic.
However this was one blemish on a very strong track record for the MD, Acquisition was at a time of lower gold prices and they have a strong growth option here now. As some of the updates on Atlantic, Simberi etc come through then I think confidence on the stock will return and we will see a re-rating.
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Last
21.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $171.7M |
Open | High | Low | Value | Volume |
21.5¢ | 21.8¢ | 21.0¢ | $513.4K | 2.402M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 807808 | 21.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.5¢ | 78837 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 707808 | 0.210 |
21 | 1347024 | 0.205 |
32 | 1175666 | 0.200 |
14 | 743552 | 0.195 |
21 | 692742 | 0.190 |
Price($) | Vol. | No. |
---|---|---|
0.215 | 50283 | 2 |
0.220 | 540770 | 13 |
0.225 | 417377 | 7 |
0.230 | 457186 | 9 |
0.235 | 561113 | 8 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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