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
22.5¢ |
Change
0.010(4.65%) |
Mkt cap ! $184.0M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.8¢ | 21.5¢ | $512.5K | 2.296M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 492803 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 548490 | 8 |
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| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| SBM (ASX) Chart |