Why would you take the bet at 34 cents when you could have...

First 16 Last

Share
Profile

Follow
rvajna

10,140 Posts.

735

05/11/24

16:07

Post #: 76467256
Share

Originally posted by Wazz101: ↑

Hey Ben,

the insto's / HNW have been sold a lemon while they were advised of high demand and almost guaranteed returns....

seeing the market reaction, the last thing they're going to do is buy more ...

fool me once.....

No doubt it is an over-reaction as SBM haven't actually spent anything and now have even more cash.

But they are looking to operate on quicksand

the climate, the operational risk of getting stuff there and installed, locating the staff there, the tribes, the corruption etc etc

- they need a 25% contingency in terms of both costs and the timeline.

and also SBM have morphed into a one trick pony in PNG, while the last time they had a pile of cash they were in Leonora and a side interest / experiment in PNG.

Looks like yet another set of executives who start living the high life when they get to the top table and their brains turn to shit. Look at all those wasted opportunities locally with $150m in your cheque book.....

the bet now is that they see the light and keep well away from Simberi and the wilds of PNG and re-focus back to a t1 juristiction.

I'm not taking that bet at 34c, but maybe later on.

Good Luck,

Wazz

Expand

Why would you take the bet at 34 cents when you could have bought these under 20 cents not that long ago before they decided to bet evereything on PNG?

SBM Price at posting: 34.0¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

Monday's HotCopper trends: 4DS falls short, $30B bid for Santos | June 16, 2025

RC1

Redcastle teams up with Terra Mining to get revenue flowing at Redcastle Reef, Queen Alexandra projects

ASX Market Close: Index treads water as Energy stocks surge | Monday June 16, 2025

NUZ

This stock is crafting a cure for Huntington's – and it's making progress

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

First 16 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 38.0¢		Change 0.000(0.00%)		Mkt cap ! $411.4M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	543	40.5¢

Sellers (Offers)

Price($)	Vol.	No.
30.0¢	450	1

View Market Depth

No.	Vol.	Price($)
2	543	0.405
2	4700	0.390
4	17490	0.380
1	16713	0.375
1	13486	0.370

Price($)	Vol.	No.
0.300	450	1
0.340	17500	1
0.345	3960	1
0.350	20000	1
0.360	15930	1

Last trade - 16.27pm 16/06/2025 (20 minute delay)

SBM (ASX) Chart

Day chart unavailable

Why would you take the bet at 34 cents when you could have...

Monday's HotCopper trends: 4DS falls short, $30B bid for Santos | June 16, 2025

Redcastle teams up with Terra Mining to get revenue flowing at Redcastle Reef, Queen Alexandra projects

ASX Market Close: Index treads water as Energy stocks surge | Monday June 16, 2025

This stock is crafting a cure for Huntington's – and it's making progress

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Why would you take the bet at 34 cents when you could have...

Top Stories

Monday's HotCopper trends: 4DS falls short, $30B bid for Santos | June 16, 2025

Redcastle teams up with Terra Mining to get revenue flowing at Redcastle Reef, Queen Alexandra projects

ASX Market Close: Index treads water as Energy stocks surge | Monday June 16, 2025

This stock is crafting a cure for Huntington's – and it's making progress

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News