St Barbara have just spent C$60 mil for Moose River. From what I’ve been able to find out, that was a huge discount to the asking price. While I agree div will not go to 23c just yet I wouldn’t rule out an increase in the div. Also Jetson said in today’s interview that SBM will now look to grow organically with an eye on what is happening around them.
SBM Price at posting:
$3.17 Sentiment: Buy Disclosure: Held
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