Over here some people are downramping a lot even scaring ppl with admin words.
Even though they have a higher costs for gold production, still i think the POG will climb higher and u will see that within a month, may be tonight. If it crosses a major resistance around $910 or something, the POG will climb to $1000 with major bad news about to prop up with auto bankruptcy, another round of financial struggle with us banks after stress tests, bungled US$, eastern europe problems etc.
After looking into company report, this new boss is doing his bit to contain the production cost, lets give him some time atleast till june 2009.
If all the above doesn't work then u will see SBM to 20c, but my bet is this will strike to 40c for sure. This stock is there from 1992 onwards and its a bargain atm with 26c major support, then another support at 22c & resistance at 42c. So even if you buy at this level, i dont think u lose a lot but u gain most.
All the above are just my opinion, Pls dyor. I do hold.
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Last
35.0¢ |
Change
-0.005(1.41%) |
Mkt cap ! $286.4M |
Open | High | Low | Value | Volume |
36.5¢ | 37.0¢ | 34.0¢ | $2.232M | 6.325M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 176558 | 35.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
35.5¢ | 671383 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 57000 | 0.350 |
1 | 30000 | 0.345 |
4 | 174764 | 0.340 |
1 | 79349 | 0.335 |
5 | 100000 | 0.330 |
Price($) | Vol. | No. |
---|---|---|
0.355 | 60000 | 3 |
0.360 | 113316 | 6 |
0.365 | 169697 | 7 |
0.370 | 161271 | 11 |
0.375 | 354956 | 6 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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SBM (ASX) Chart |