In layman terms...
SBM had net cash generation of roughly 58 million for the March quarter.
The cash on hand has increased by roughly 30 million (last quarter 79 million and this quarter 100 million),
after the dividend payment of roughly 28 million.
This is a very good result. It means Gwalia is back on track, Atlantic operation is also making good money.
When sentiment turns favorable, SBM will catch a good bid.
Today being the last day for the quarter.....a bit of profit taking, book squaring all over the place.
By the way that dividend appeared 2 days ago was fantastic.
SBM & WGX are two of the miners who have a lot of catching up to do.
In layman terms... SBM had net cash generation of roughly 58...
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Last
21.0¢ |
Change
0.015(7.69%) |
Mkt cap ! $171.7M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.0¢ | 20.0¢ | $2.213M | 10.76M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 361025 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 1595913 | 23 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| SBM (ASX) Chart |