SBM 2.33% 21.0¢ st barbara limited

Nobody doubts SBM and Leonora have more synergies. Just that GMD...

  1. 192 Posts.
    lightbulb Created with Sketch. 60
    Nobody doubts SBM and Leonora have more synergies. Just that GMD is harvesting almost all of those. What does GMD currently bring to the table?

    - An 80% controlling interest in DCN which has a mill in care and maintenance and some questionable resources that have never generated sustained cash.

    - A yet to be completed underground mine at Ulyssis which has NO RESERVES and materially lower grade than Gwalia.

    - An MD with a good reputation but who hasn't operated any assets since the COVID induced explosion in costs across the industry.

    That's pretty much it.

    Re Luke Tonkin bloke has consistently run Mt Monger profitably, added value with the Deflector acquisition and turned its performance around.

    His team has a lot of experience mining older established high grade assets. Would say Gwalia certainly falls in that camp.
 
watchlist Created with Sketch. Add SBM (ASX) to my watchlist
(20min delay)
Last
21.0¢
Change
-0.005(2.33%)
Mkt cap ! $171.7M
Open High Low Value Volume
21.5¢ 21.5¢ 20.8¢ $551.3K 2.624M

Buyers (Bids)

No. Vol. Price($)
2 52999 21.0¢
 

Sellers (Offers)

Price($) Vol. No.
21.5¢ 171494 4
View Market Depth
Last trade - 16.10pm 26/07/2024 (20 minute delay) ?
SBM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.