Singlemalt,
Agree with most of your thoughts & was also surprised De C did not go to tie up the SGI mills before VAN deposit.
But right now input inflation is really compressing margins right through the sector.
Considering energy and labour make up around 60% of input costs , many previously profitable miners are now either on care and maintenance or
the M & A drums are beating.
So SGI with a single low grade mine operation is really in the firing line , especially being run from Canada by a group of very overpaid executives
with no plan B.
There are other less risk miners to buy and growth is hard to come by any where ( mining gold is nearly the toughest business on this earth to succeed in)
In any case I wish you all the very best from a sunny warm Cambrils .
SG.
Singlemalt,Agree with most of your thoughts & was also surprised...
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Last
$1.01 |
Change
-0.045(4.27%) |
Mkt cap ! $223.7M | |||
| Open | High | Low | Value | Volume |
| $1.06 | $1.06 | $1.00 | $322.3K | 313.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $1.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.03 | 96000 | 1 |
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| Last trade - 15.59pm 04/06/2024 (20 minute delay) ? |
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Last
$1.02 |
Change
-0.045 ( 4.69 %) |
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| Open | High | Low | Volume | ||
| $1.06 | $1.06 | $1.01 | 22266 | ||
| Last updated 15.59pm 04/06/2024 ? | |||||
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