..just when you thought SBM's woes are now behind, comes this curve ball.
..company specific risks make gold miners continue to underperform gold.
Gold miner St Barbara sank 32 per cent to 20.75¢ after the company said at the close of trading on Monday that it had been slapped with a hefty $206.6 million tax bill by the Papua New Guinea government relating to its Simberi gold operations. The company said it intended to file a formal objection.
...you can see that that rise from Sept was a blip, just like many of those stocks that had waterfall charts making those occasional run-ups that in hindsight proved short-lived.
