Ann: Quarterly Report Q4 June FY21, page-7

I need to remind myself of what "Brilliance" means - since SBM have been testing my long held understanding of this word.

Brilliance = great brightness, excellence, distinction, conspicuous talent, mental ability, magnificence. These are the words that have formed my understanding over decades.

Arrival - Craig Jetson circa early 2019 to take the reins of SBM (a company previously described as a market darling of the gold sector).

My understanding of the word brilliance begins an alteration phase as the charts below outline..

If you substitute "brilliance" for SBM in the chart below, you can see that brilliance has come off by around 60% during the relevant period. I have compared the performance of "brilliance" to a couple of listed ETF's available on the ASX (and you can pick your own for comparison - I don't own either).

After a couple of years, brilliance has slumped to a new meaning - sub par, well below average, the ability to squander, wasting opportunity, missing targets, lacking luster (except the shiny new preso format), dull .... and where the light at the end of the tunnel is looking more like an oncoming train.



So here is a picture of a brilliant sun - to remind us all of what brilliance is and to provide hope that we will all see the sun again - real soon!