Fair call that, you raise some good points. At least they didn't get hooked on the latest fad and diversify into battery metals - could you imagine that. So they are in a commodity that appeals to a lot of investors.
SBM have weathered a storm before, they had a near-death experience when they wrote off the Solomon's investment and their sp dropped to 7c. Then they became one of the best performers on the ASX, rising to over $4 from memory. Mind you, that was solely off the back of Gwalia.
The current circumstances are very different- no Gwalia this time around. I may have sounded overly harsh, but with some good management and decision making, this could become a good turn-around story again. But I think they first need to extricate themselves from Atlantic Gold.
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