Fair call that, you raise some good points. At least they didn't get hooked on the latest fad and diversify into battery metals - could you imagine that. So they are in a commodity that appeals to a lot of investors.
SBM have weathered a storm before, they had a near-death experience when they wrote off the Solomon's investment and their sp dropped to 7c. Then they became one of the best performers on the ASX, rising to over $4 from memory. Mind you, that was solely off the back of Gwalia.
The current circumstances are very different- no Gwalia this time around. I may have sounded overly harsh, but with some good management and decision making, this could become a good turn-around story again. But I think they first need to extricate themselves from Atlantic Gold.
Fair call that, you raise some good points. At least they didn't...
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Last
33.3¢ |
Change
-0.008(2.21%) |
Mkt cap ! $268.0M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.8¢ | 32.5¢ | $652.3K | 1.961M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 118797 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 87049 | 19 |
View Market Depth
| Last trade - 14.37pm 03/10/2024 (20 minute delay) ? |
| SBM (ASX) Chart |