Well SBM have a 10moz resource and a great deal more that has not been quantified plus a mill and other assets. So with gold at AUD 3k/oz and expected to go higher you tell me what they are worth, managed well, and the SBM shareholders never wanted to sell their most valuable assets. Over 12 months ago when SLR began trying to engage with the SBM board the SBM sp was over $2 and not long before that was over $3, you could assume the SLR board were thinking merger. I think this will go back to a merger and SBM assets justify this scenario. Managed well a merger with SLR would be a bonanza for both sets of shareholders. As for the other assets, Simberi is again making good money, can do a lot better and has millions of ozs. The Atlantic assets have been a bit of a disaster. The SBM board paid way too much because they did not do the required due diligence and should have had more certainty around permits etc.
SBM Price at posting:
58.5¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)