I am struggling to find a reason NOT to buy more SBM:
Cash: quite large, in fact about 30% greater than market cap!
Debt: easily serviceable
EV: ridiculously low (in fact a large negative figure based on SBM figures)
Mine life: more than 20 years at current production
AISC: not wonderful at about $2,450/oz but acceptable (will labour and energy costs impact much?)
Price / free cash flow: just about the lowest of all gold miners
So why isn’t the share price higher? I am so tempted but does the market know something that I don't know?
I am struggling to find a reason NOT to buy more SBM:Cash:...
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Last
27.5¢ |
Change
0.035(14.6%) |
Mkt cap ! $224.9M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 27.5¢ | 26.0¢ | $2.855M | 10.67M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 137581 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 225922 | 7 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
27.5¢ |
Change
0.035 ( 14.6 %) |
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| Open | High | Low | Volume | ||
| 26.5¢ | 27.5¢ | 26.3¢ | 3655810 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| SBM (ASX) Chart |