SBM 6.38% 22.0¢ st barbara limited

Ann: Half Yearly Report and Accounts , page-8

  1. BH!
    2,521 Posts.
    vaga,

    Diesel prices have fallen significantly since last year, so their costs should have fallen off a bit. Although I might be considered a touch optimistic (har, har!), I'm OK with this estimate, for the moment:-

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    Having said that, it'll be years and years before they actually make a profit (NB. I mean profit, not positive cashflow). The depreciation, capitalized exploration and development write-offs they'll have to expense on the half a billion dollars raised over the past few years, will devour any operating surpluses for a long time.

 
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