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.
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
SBM Price at posting:
$1.45 Sentiment: None Disclosure: Not Held
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