The biggest problem here, how the management will use that money? They don't give any clue to us what is their plan for Simberi and Atlantic. The guidance indicates those two assets will not produce much of money. They release their update for Atlantic but we know Canada has complicated bureaucracy especially when you deal with environment. The new proposed area is closed to a lake and I think SBM will receive many objections from the enviro activists.
It looks like only Simberi that can be a small money machine.
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 (20min delay)
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Last
29.0¢ |
Change
-0.030(9.38%) |
Mkt cap ! $314.0M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 32.0¢ | 29.0¢ | $2.810M | 9.493M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 418071 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 151992 | 5 |
View Market Depth
| Last trade - 16.10pm 24/06/2025 (20 minute delay) ? |
| SBM (ASX) Chart |