SBM 4.65% 22.5¢ st barbara limited

News: SBM St Barbara Says Total Group Gold Production For FY23 Of 260,368 Ounces, page-51

  1. 2,858 Posts.
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    I think it has a bit to do like with the ball rolling down the hill for ages.....it's easier, less controversial to assume it goes that way but things have changed, they said the reason is they don't have a competitive advantage in their overseas operations, but that is a weak reason and they have been established there for years. They also said both the mines lose money so get rid of them, fair call on that but I think they could turn them around and the company is a good buy going off if they only had cash on their balance sheet or bank it's undervalued by 20% not including any assets (I must be wrong though?)

    They have lots of money and breathing room, they can do anything to turn things around with the money they have,
    Last edited by Jrowl1: 14/07/23
 
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