SBM 1.41% 35.0¢ st barbara limited

Very strong PoG up today and almost every gold producers are...

  1. 9,595 Posts.
    lightbulb Created with Sketch. 310
    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...
 
watchlist Created with Sketch. Add SBM (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.