Yeah, its the ETF redemptions which is hammering gold producers, forced selling. Creating an opportunity on the buy side though for anyone with a longer term outlook, last time SBM traded at this level, gold in USD was around $1200 in 2016 and AUD gold was no where near its current level.
$3.90 valuation by GS updated, page-210
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Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $163.5M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 20.5¢ | 19.8¢ | $618.8K | 3.080M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 398598 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 1118327 | 20 |
View Market Depth
| Last trade - 15.59pm 28/06/2024 (20 minute delay) ? |
| SBM (ASX) Chart |