David Hunter said 12 days ago on wall street silver a turn around in gold is imminent but has declined a lot since then but regardless of that, if gold goes down it means SBM cash is now more highly valued than the gold assets when they are put down as $0 worth on the balance sheet, gold can go to $0 and we still have $150M-$300M in cash and market cap is $140M so we should still be in the money to support the share price, if gold goes to 10k we win there too and the cash on the balance sheet can just inflate away. What is it, it's a WIN-WIN either way but somehow the market is making us lose.
Ann: Ceasing to be a substantial holder from CBA, page-30
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Last
28.0¢ |
Change
-0.005(1.75%) |
Mkt cap ! $229.0M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 28.0¢ | 26.5¢ | $1.920M | 7.013M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 257534 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 53381 | 5 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
27.5¢ |
Change
-0.005 ( 3.51 %) |
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| Open | High | Low | Volume | ||
| 27.5¢ | 28.0¢ | 26.5¢ | 2394553 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| SBM (ASX) Chart |