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07/02/17

07:28

Post #: 22414787
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Originally posted by nordesmic ↑

Hi loki, I am not completely across the intricacies of the resources at Gwalia or Simberi. I like to invest in these bigger producers with a 6 month time frame where I find the share price tends to be driven by operational performance and cashflow.

I would guess that very little value is in the share price for Simberi so any extension to mine life will be a win. Have to go back and read some of Sulphide feasibility study stuff.

I think the share price fall in Nov/Dec was really just driven by gold market sentiment coupled with the HHL sell down. Maybe there was some concern about mine life but I doubt it played a big part.

SBM have been mentioned as a takeover player in a few recent articles and that probably means management are aware of the mine life concerns and if that puts a dampener on the share price. Article last week suggested SBM might want GOR but that makes little sense.

Most of the Aussie gold stocks were punished end of last year and I think they are now back to fair value in most cases. We know that short term sentiment tends to follow US dollar gold price so they could still keep running on that, even if AUD kept moving toward 78-80.

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Love you're posts nordesmic I was gonna buy more today but I'll sit and wait and see what happens on sbm

SBM Price at posting: $2.64 Sentiment: Hold Disclosure: Held
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Last 23.3¢		Change -0.008(3.13%)		Mkt cap ! $188.1M

Open	High	Low	Value	Volume
24.0¢	24.0¢	23.0¢	$234.0K	997.3K

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No.	Vol.	Price($)
25	772881	23.0¢

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Price($)	Vol.	No.
23.5¢	166356	13

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No.	Vol.	Price($)
24	772536	0.230
23	897737	0.225
24	507337	0.220
14	330193	0.215
19	872964	0.210

Price($)	Vol.	No.
0.235	166368	13
0.240	958605	24
0.245	554158	16
0.250	366877	16
0.255	390004	10

Last trade - 11.45am 15/07/2024 (20 minute delay)

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Love you're posts nordesmic I was gonna buy more today but I'll...

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Love you're posts nordesmic I was gonna buy more today but I'll...

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