RBC takes a negative ‘SBM will take no action’ view of the future; but the past says that they have adjusted pretty nimbly and well in the past. There are plenty of options in their own territory as well as surrounds for growth (disclosure: I also hold RED due to that very reason).
All today’s announcement says to me is that they assessed the options, hydraulic wasn’t going to work and/or there was way too much risk, so they have taken a low risk smart option. Some would blindly push forward because of pride; they haven’t which is both brave and smart imo
RBC takes a negative ‘SBM will take no action’ view of the...
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Last
21.0¢ |
Change
0.005(2.44%) |
Mkt cap ! $171.7M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.5¢ | 20.0¢ | $1.033M | 4.950M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 65150 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 926460 | 17 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| SBM (ASX) Chart |