SBM 1.52% 33.5¢ st barbara limited

Ann: Change in substantial holding, page-11

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  1. 2,741 Posts.
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    The close above 1550 US last night should see a bounce here today.

    I have a 12 month target of $6 here.

    DYOR but SBM has the smallest hedge book of any of any Austaian gold producing company I could find.. they only have 150k hedged against a production profile of circa 300 oz per year.

    SAR for example has 400k oz forward sold... alot more up side here then the others in my opinion!
 
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