World markets are confused for direction at the mo. I think the AGM,s this year will have some information regarding strategy in coming years. The Aussie dollar has been the real saviour of the industry thus far. Junk shale oil bonds will start to hurt a bit shortly, those who went bottom picking oil stocks have been fed their asses. Have to wait till the drill bit hits the ground to find out if it was a good or bad move by SBM. SAR seem to be doing everything right lately and will be very interesting to see what they do in the short - medium term with these new assets. SBM reducing debt as quickly as possible can only be a good thing. Capex and AISC for ounces from King of the hills and kallis will be revealing.
SBM Price at posting:
53.5¢ Sentiment: Hold Disclosure: Held
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