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
The question is can they turn the pacific operations around by...
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Last
23.5¢ |
Change
0.010(4.44%) |
Mkt cap ! $192.2M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 23.5¢ | 21.5¢ | $853.4K | 3.762M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 517742 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 955389 | 12 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| SBM (ASX) Chart |