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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Last
23.3¢ |
Change
0.008(3.33%) |
Mkt cap ! $192.2M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 24.0¢ | 23.0¢ | $715.2K | 3.068M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 696052 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 115142 | 13 |
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| Last trade - 15.12pm 12/07/2024 (20 minute delay) ? |
| SBM (ASX) Chart |