SBM 1.19% 20.8¢ st barbara limited

So I read the annual report and watched the 2022 diggers and...

  1. 910 Posts.
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    So I read the annual report and watched the 2022 diggers and dealers presentation, Simberi is a nitemare lost 140 mill for sbm and things don't look like turning around anytime soon aisc of $3000 the more they dig up the more they lose, Atlantic not much better, looks like sons of gwalia is the only half decent operation but not profitable , all low grade , higher costs with lower grade not a great combination, Red5 merger coming up soon I think but I don't know if the new entity excited me , I think I will sit back , wait another year before I buy but glta
    Last edited by nickster: 18/10/22
 
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