thank you but no thanks to Management.

First 11 Last

Share
Profile

Follow
Wayno14

647 Posts.

82

22/06/23

13:49

Post #: 68418873
Share

Originally posted by Fangk: ↑

You are supposed to get some GMD shares, but it's not a sure thing as the company may need more funds, and consider the greed of the board, hence may not distributing all of them to shareholders. Forget about the money, they are for the board to dispose. Now the assets is in GMD's pocket, GMD SP should drop fairly fast soon as someone pointed out (mission completed).

I sold out all my shares today, lost 85% of money. I should have done it earlier when the EGM outcome came out but didn't vary too much either. Shareholders could/would not put up a fight against these corrupted xxxx. Officially St Barbara is finished. Without Gwalia, there is no company maker. Share price from here will be dying off gradually until SBM winds up or the Canadaian change their mind to show some mercy. At least in foreseeable term, Atlantic will be only losing money (close to no production), Simberi too if no significant POG rise. Last Q Simberi could make some money it's because gold in circuit and also sold more than produced.

GDXJ still hold 27 million shares. SBM is likely to be kicked out of the index or get significantly sold off, and in that case, look below. Don't know the bottom, but previous 7c might be on the card. Recent elevated shorting activities may be telling.

Anyways, I lost a lot of money from SBM thanks to the excellent board and management. They'll be always memorised. Had to bite the bullet and move on. Good luck!

Expand

thank you but no thanks to Management.

SBM Price at posting: 47.5¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

JDO

Timing will be everything for 'smashing' Hot Stock tip Judo Capital Holdings

HVN

Harvey Norman may appeal ASIC Federal Court case – the third lawsuit on its plate

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

RBA holds rates as ALP election campaigning kicks off – expect more political focus

There are more pages in this discussion • 11 more messages in this thread...

First 11 Last

Add SBM (ASX) to my watchlist

(20min delay)
Last 34.0¢		Change -0.120(26.1%)		Mkt cap ! $276.1M

Open	High	Low	Value	Volume
37.5¢	38.0¢	33.8¢	$12.87M	36.27M

Buyers (Bids)

No.	Vol.	Price($)
11	258302	34.0¢

Sellers (Offers)

Price($)	Vol.	No.
34.5¢	221132	4

View Market Depth

No.	Vol.	Price($)
11	258302	0.340
29	1266572	0.335
34	882137	0.330
14	1159914	0.325
23	1029343	0.320

Price($)	Vol.	No.
0.345	221132	4
0.350	1056271	13
0.355	930114	13
0.360	790134	17
0.365	295071	11

Last trade - 16.10pm 05/11/2024 (20 minute delay)

SBM (ASX) Chart

thank you but no thanks to Management.

Timing will be everything for 'smashing' Hot Stock tip Judo Capital Holdings

Harvey Norman may appeal ASIC Federal Court case – the third lawsuit on its plate

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

RBA holds rates as ALP election campaigning kicks off – expect more political focus

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

thank you but no thanks to Management.

Top Stories

Timing will be everything for 'smashing' Hot Stock tip Judo Capital Holdings

Harvey Norman may appeal ASIC Federal Court case – the third lawsuit on its plate

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

RBA holds rates as ALP election campaigning kicks off – expect more political focus

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News