the company has done extremely well to get the placement away at 41c, and for it to oversubsribed is fantastic.
now with a strengthened balance sheet and increasing production the outlook for SBM is extremely positive.
as for this morning's trade we may see the shareprice gravitate towards the 41c issue on some profit taking, but with the AUD gold price now sitting at $1540 oz expect the shareprice to move towards the 50-60c level in the coming weeks.
Ann: Placement , page-8
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Last
21.0¢ |
Change
-0.005(2.33%) |
Mkt cap ! $171.7M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.0¢ | 21.0¢ | $404.5K | 1.895M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 326413 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 174826 | 7 |
View Market Depth
| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| SBM (ASX) Chart |