The board should reject any opportunistic takeover offers or mergers, particularly with Genesis who have very little to offer. There are a couple of others out there that might make sense but SBM should concentrate on lowering costs for now.
I agree gold has turned the corner with talk of CBDC backed by gold and BRICS countries backing their currency with gold and other commodities. Not to mention general safe haven buying and central banks buying large amounts of gold.
Even Simberi and Atlantic will be re-rated in the not too distant future IMO and should be held. Selling them now would be reckless although our board have a track record of poor decision making. Their replacement should also be put on a priority agenda.
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Last
24.0¢ |
Change
0.015(6.67%) |
Mkt cap ! $196.3M |
Open | High | Low | Value | Volume |
23.0¢ | 24.0¢ | 23.0¢ | $865.9K | 3.702M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 52553 | 23.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
24.0¢ | 845110 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 52553 | 0.235 |
15 | 638057 | 0.230 |
13 | 730466 | 0.225 |
13 | 391526 | 0.220 |
4 | 156976 | 0.215 |
Price($) | Vol. | No. |
---|---|---|
0.240 | 845110 | 17 |
0.245 | 451392 | 12 |
0.250 | 460662 | 16 |
0.255 | 330400 | 5 |
0.260 | 275234 | 8 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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SBM (ASX) Chart |