Ann: Full Year Results FY21, page-9

PP

It seems that you have not learned to read company quarterly or annual reports - or are simply too lazy to make the effort. If you persist with this form of investing approach then there is a pretty good chance that you will lose money.

I suggest you at least read SBM's latest quarterly report - it shows that they now have relatively very little hedging and the hedged gold is being sold at a reasonable price.

https://cdn-api.markitdigital.com/a...access_token=83ff96335c2d45a094df02a206a39ff4

https://www2.asx.com.au/markets/trade-our-cash-market/announcements.sbm

The quarterly may also give you some indications about SBM's operational and other issues at each of its mines, and contains the estimates for FY22 costs/production. SBM's presentations (and other press releases) are also informative about the company and indicate considerable future capex requirements at the 3 mines, which brings forward the question as to how that would be funded given your expectations of future net cashflow.

Anyhoo, just try to do a bit of research, and good luck.

loki