@jman0076 Such a litany of poor decisions and an overall lack of vision. Especially regarding the King of the Hills deposit.
Mining companies can accrue large amounts of growth by stringing together a series of astute purchases. Some examples off the top of my head would be EVN, NST and IGO. However, it only takes one or two bung decisions and you end up with a SBM or AMI (Darguesed). These sorta outcomes really highlight how crucial decent management is for shareholder value.
I agree they would of at least maintained 350,000 to 400,000 ounces if they were capable of buying decent deposits. Perseus Mining is almost worth $3 billion now. The board of directors at St Barbara really don't have any sense of shame.
I would be angry at this situation but it really is just so farcical.
SBM Price at posting:
65.0¢ Sentiment: Hold Disclosure: Held
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