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".
What turns SBM around? I can see a couple of scenarios that unfk...
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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 |
View Market Depth
| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| SBM (ASX) Chart |