I thought it was a little odd myself. Very bullish on SAR but SBM must have a strategy. Maybe paying down debt, reducing capex on a non core asset, reducing rehabilitation liability and freeing up cash from environmental bond.
Kallis was an odd sale with proximity to mill. Will be interesting to see what SAR,s strategy is with these deposits and how soon they have a drill bit spinning their. Are you in SAR Loki?
SBM Price at posting:
54.0¢ Sentiment: Hold Disclosure: Held
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