There are some positives in the fact that SBM can now pay down their Canadian enviro bonds, and also senior debts and will have a strong cash position.They may buy other exploration projects ready to mine, develop these which will present value, or upgrade CAPEX of the other two; Canadian and PNG mines that may decrease AISCAlso if SBM shareholders get 100% of those GMD shares, it is just a slight of hands, but we are still short-changed in the short term.However, it is unclear to me if Genesis are taking the $112M in debt that should go with Leonora.I am somewhat amused at page 3 of today's announcement; read between the lines
Ann: Genesis merger, Leonora production and guidance update, page-66
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20.5¢ |
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Mkt cap ! $167.6M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.0¢ | 20.3¢ | $348.3K | 1.696M |
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| No. | Vol. | Price($) |
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| 3 | 286297 | 20.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 347076 | 5 |
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