Capital spend to increase existing for short period ( tailings)
Group production guidance is what was expected gwalia would do ( 290 k)after initial major development if I’m not mistaken - three operations and a lot of capital spent
Now if they are ceasing open pit in Canada - and using stockpiles surely the big write-down will come - sure non cash cause they spent it in a previous period but profit - operational profit will be hit
forget div
excitement over last qtrly report which was good but only just reached guidance , as expected , but which was lowered previously saw shares crank from 80 ish to over 120- reality today perhaps and with expected writedown and no expected div , it’s of no interest to Me to buy or even hold at these prices
can’t wait to see the net cash debt situation
good luck
SBM Price at posting:
$1.07 Sentiment: Sell Disclosure: Not Held
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