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
20.8¢ |
Change
0.003(1.22%) |
Mkt cap ! $167.6M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.0¢ | 20.5¢ | $184.8K | 880.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 852744 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 301510 | 29 |
View Market Depth
| Last trade - 11.53am 30/07/2024 (20 minute delay) ? |
| SBM (ASX) Chart |