SBM 4.00% 26.0¢ st barbara limited

Ann: Revised FY19 production guidance, page-27

  1. 44 Posts.
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    The market is factoring in a lot of uncertainty at the moment IMO. Today's announcement is flagging Gwalia is a less reliable flagship going forward. Then there is the Atlantic Gold purchase and the uncertainty that come with it. Nova Scotia is pristine country and gold mining in the past has been mainly underground. It won't be easy to get all the open pits approved. Worrying signs already in recent media reports. Not to mention the yet to be proofed exploration upside that has been kinda paid for. Furthermore, we haven't heard much about Simberi sulphide for a while now. Too many questions for a mid-tier producer.
 
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