Doesn't matter, if SBM can't get a deal done to sell they will implode, they are not in a position to be picky and can't wait and investors voting down the deal they may as well put their heads in a guillotine.
$627M for around 1/2 the assets of SBM I would think is a good deal when the market cap is $530M. Can they sell their other assets? I'm thinking if SBM can sell everything investors could get $1 back per share and SBM has no business gold mining because they are poor at it, everyone seems to think SLR and GMD can do better than SBM.
SBM Price at posting:
62.5¢ Sentiment: Hold Disclosure: Not Held
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