SBM 0.00% 46.0¢ st barbara limited

Ann: Mr Tim Lehany to cease as MD and CEO effective 30 June 2014, page-30

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  1. 9,598 Posts.
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    Very strong PoG up today and almost every gold producers are finishing up except SBM...  

    Well, that tells you the whole story isn't it ?... Some large holder wanting out..

    They sold forward most of the production for 2014 at low hedging price... The liability of Gold Ridge will stress the budget... The PNG mine is not much better.. They can't even walk away now, and two Aussie mines will have to subsidise the rest...
 
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2 45000 45.0¢
 

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Price($) Vol. No.
42.0¢ 4500 1
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