GMD 5.29% $2.19 genesis minerals limited

SO if every GMD share equals to 2.03 SBM then at current price...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 200 Posts.
    lightbulb Created with Sketch. 22
    SO if every GMD share equals to 2.03 SBM then at current price its a bargain. Right

    1 GMD = 1.38
    SBM current price = .76

    so 2.03 SBM = 1.54 AUD

    Am I missing anything?

    For a break even price, SBM has to come down to .68 cents

 
watchlist Created with Sketch. Add GMD (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.