I think the market is looking at management's history of delivery. Gold stuck in the ground isn't worth much unless you can extract it economically.
If you really want a giggle, look at Leonara results in the GMD quarterly compared to when SBM owned it. Seems someone flicked the faster, cheaper switch over there.
I think the market is looking at management's history of...
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Last
22.5¢ |
Change
0.010(4.65%) |
Mkt cap ! $184.0M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.8¢ | 21.5¢ | $512.5K | 2.296M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 492803 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 548490 | 8 |
View Market Depth
| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| SBM (ASX) Chart |