SBM 2.17% 23.5¢ st barbara limited

vaga,Diesel prices have fallen significantly since last year, so...

  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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