re: Ann: Quarterly Report for 3 months ended ... After the report and the way things are with production costs,SBM looks like they have some serious issues to attend with.If they cannot make a profit on an average gold price of $A1375,then their going to struggle with $A1250 and a rising Aussie dollar.Which could see $A1100 sooner than you think unless the US gold price starts rising sooner then later.
The end result could be a reduction in production cost of $100oz to a reduction in gold price of $275oz which wont improve the next cash flow report either.
Fundamentals are not looking strong for now so any big moves in the SP would be speculative.
Ann: Quarterly Report for 3 months ended 31 March, page-25
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