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.
Ann: Simberi Resource Definition Drilling Update, page-8
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Last
22.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $184.0M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 22.8¢ | 22.0¢ | $443.0K | 1.973M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 1501587 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 69764 | 1 |
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| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
22.5¢ |
Change
0.000 ( 0.62 %) |
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| Open | High | Low | Volume | ||
| 22.5¢ | 22.8¢ | 22.0¢ | 1137580 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| SBM (ASX) Chart |