SBM 0.00% 30.5¢ st barbara limited

Ann: St Barbara to consolidate ownership of Touquoy Mine, page-4

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  1. 13,172 Posts.
    lightbulb Created with Sketch. 2811
    hi buddy
    Yes last div was 4 cents- when you consider the amount of new shares issued for the purchase of Atlantic to keep it at 4 was great - but market spat dummy even though it was a lot more in dollar terms

    that said things are much tighter now in quite a few areas across the business- I can see another 4 cents maybe 5 but not 8-12 as this would be far too much when we know there are development costs at png to come and the board is conservative

    has potential once png approved imo and plant being built - subject to gold prices to pay towards your targets but just my expectation they won’t be paying that just yet

    if they did pay even your low 8 cents the shares would spike simply on yield differential I suspect

    Looking for 4
    Wishing for 5 ( that’s big considering number of shares issued for last acquisition)
    Be amazed at 8- probably intoxicated to be honest

    see how it goes - happy for minority to be taken out at minority prices - even though it’s real money -

    a lot of positive improvements of late- may see a rerate finally - certainly looking for more oz to be recognized nised in the business

    see how it goes
 
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