The question is can they turn the pacific operations around by June 2014. I feel confident it will not happen. If they got all in costs costs down to AUD 1390 it wonder be one of the wonders of the world given their progress.
Plus they need to make serious savings elsewhere, especially admin costs. No way will they do that. There are some big on-going items, eg the Red Kite loan repayments and interest payments on the USD250m loan, and capital outlays.
SBM is one company I am expecting a capital raising around mid 2014.
And what will the POG be at that point in time? Could be USD1000 or could be around USD1450. If it is at the lower end then the capital raising will wipe out existing shareholders.
But it is very tempting to buy some SBM for a short term trade.
loki
- Forums
- ASX - By Stock
- SBM
- Ann: Short term gold price protection
Ann: Short term gold price protection , page-10
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SBM (ASX) to my watchlist
(20min delay)
|
|||||
Last
23.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $188.2M |
Open | High | Low | Value | Volume |
23.5¢ | 23.5¢ | 22.5¢ | $801.7K | 3.485M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 349662 | 22.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.5¢ | 523877 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 349662 | 0.225 |
10 | 389665 | 0.220 |
5 | 229107 | 0.215 |
11 | 513172 | 0.210 |
9 | 274100 | 0.205 |
Price($) | Vol. | No. |
---|---|---|
0.235 | 523877 | 6 |
0.240 | 333721 | 9 |
0.245 | 250698 | 8 |
0.250 | 587730 | 16 |
0.255 | 368339 | 3 |
Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
Featured News
SBM (ASX) Chart |