Very true. Many of us have been hoping that SBM have been running the ruler over a number of Australian goldies near to production or in production but needing additional capital to reach their full potential. Although they can't show their hand too early and push up the price of potential target companies, it would be nice to know at least an outline of their strategy going forward.
I for one would be happy for them to sell their overseas assets and focus on building a new company here in Australia. Cash is king at the moment, and if the POG goes up as expected, some of the small undervalued gold companies will see a substantial increase in value. In percentage terms. I think that the potential upside of the smaller companies is greater than many of the established larger producers.
The gold backed international currency being touted by the BRICS countries has just taken another step forward with the admission of 5 more companies into the BRICS Alliance.
SBM Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
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