What turns SBM around? I can see a couple of scenarios that unfk this particular company:
Longer term
1. Political change in Canada, allowing the Atlantic operations to restart and expansion across néw permits (low near term probability/high impact/price re-rate)
Getting BAU right
2. Increased production in PNG IAW the 2024 plan (high medium term probability/low impact/gradual share price increase)
Death by a thousand cuts
1. Nothing happens for 24 months, cash runs down and/or management get skittish and buy some dodgy gold asset (high probability/low impact/gradual price decline)
Black Swan
I wouldn't be surprised if SBM are considering using cash to diversify. (Toss a coin)
Price has been pretty stable for the last few months, so I'd suggest most of the weak hands have folded.
I'm changing my sentiment to "buy".
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Last
25.0¢ |
Change
-0.010(3.85%) |
Mkt cap ! $204.5M |
Open | High | Low | Value | Volume |
26.5¢ | 26.5¢ | 25.0¢ | $1.209M | 4.678M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 707806 | 25.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.5¢ | 1033222 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 607806 | 0.250 |
9 | 369558 | 0.245 |
5 | 311436 | 0.240 |
5 | 263141 | 0.235 |
10 | 706330 | 0.230 |
Price($) | Vol. | No. |
---|---|---|
0.255 | 1033222 | 3 |
0.260 | 627624 | 14 |
0.265 | 475436 | 9 |
0.270 | 420106 | 14 |
0.275 | 546263 | 9 |
Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
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SBM (ASX) Chart |