IMHO you got a bargain, SBM did declare a dividend, have a lot of cash flow and this SBM current mark of say $3.30 is way off fair value given that the production cut was only anticipated to be from the previous 245k oz to 235 oz, the AISC was revised upwards from $930 AUD to $980 AUD.
take out of this SBM saga: bots and traders can’t read, interpret or correctly interpret announcements. Computers or trading bots do not have AI as yet and cause market asymmetry from F/A to T/A and fake responses to momentum signals.
perhaps to be humane to the computers, we should have disclosures by Tweet.
President Trump has done that for the warped mass media in America and his followers and that has made the President arguably the best POTUS the world has ever known.
Understanding gold stock announcements might have to be similar to prevent market disconnection.
Ann: Gwalia Mass Extraction Feasibility Study, Guidance & webcast, page-44
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Last
24.0¢ |
Change
0.015(6.67%) |
Mkt cap ! $196.3M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 24.0¢ | 23.0¢ | $865.9K | 3.702M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 52553 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 845110 | 17 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| SBM (ASX) Chart |