Bad timing to do this deal just as gold looks like is on the uptrend with declining real rates as the driver but at least this caps the downside risk from SBM running out of cash due to Atlantic/Simberi burn.
Quite remarkable that implied value for the Phoenician assets is almost zero at current relative share prices for SBM / GMD. Shows how little regard market has for these two assets currently.
Ann: Completion of Genesis' A$275 million conditional placement, page-2
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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
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| SBM (ASX) Chart |