Ann: Proposed issue of securities - SBM, page-10

Market is really a strange thing these days: people know Simberi expansion is the right thing to do for SBM moving forwards, there is nothing else can help the company changing to a bigger producer without buying a new mine, which will cost a lots more than $100m.
It was trading at 45-50 cents days ago with no one claim over-valued, but Now some instos want to inject $100m and the sp crashed to 4 cents below the issue price, and all of a sudden everyone call sky is falling.
Let's the storm in the tea cup to settle.personally think 38c is worth buying, 34 is even better.