GMD 2.30% $2.12 genesis minerals limited

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

  1. 183 Posts.
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    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

 
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