Agree that the report is better than what I had expected. So I bought a few shares on the open.
They really need to fix Simberi ASAP - the figures look real ugly.
Cash balance only fell by $1m (after accounting for the $24m Red Kite drawdown), which is way better than what I had expected.
I hope they can sell Gold Ridge for $100m to some lucky buyer. lol And that they can further reduce the outlays there ($8m last quarter).
SBM has most of its production hedged until end June 2015, so they have to find savings from operational outlays in order to meet their commitments. Early next year they will be required to start paying back the Red Kite loan on a quarterly basis.
GLTA punters.
loki (it still looks iffy given all the borrowings and poorly performing assets, but there is some hope, perhaps)
Agree that the report is better than what I had expected. So I...
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Last
22.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $184.0M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 22.8¢ | 21.5¢ | $520.6K | 2.342M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 77000 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 159093 | 9 |
View Market Depth
| Last trade - 16.10pm 01/08/2024 (20 minute delay) ? |
| SBM (ASX) Chart |