Ann: December 2018 Half Year Report and ASX Appendix 4D, page-14

The drop below the 50 is concerning but you only have to look back to mid-Dec and late- Jan to see that it can flirt with the 50 (EMA in my case) and rebound strongly soon after. This sell off is well overdone and I think the overnight softness in gold is very short-term.

I'm looking to add to my trade and I expect a bounce back to mid 490s quite quickly. There is far too much interest in SBM from a M&A perspective for instos to not take advantage of this weakness.The business is solid and gold is set for major moves. No brainer that this will bounce from the 50 IMO.