Agree BF
SBM & s/holders have endured a perfect storm of influences over recent years but one aspect (largely controllable) is the impact of management decisions on this company. Cannot change the past , but they (mgt) can change the present & future direction of this company and position it for survival / growth based on cashflow positive / profitable activity . Why do they PERSIST with activities (exploration & development) in an environment POG is volatile & unreliable for foreseeable future? Is it because they want to retain their workforces at whatever shareholder cost (SP,CR) for the duration or a change would be admission to the s/holders that recent acquisition (ALD)wasn't such a good idea given current environment. As noted earlier , cash dwindling , large debt burden needs to be serviced, protection from hedgeing limited. Judgement day is near . I hope management at this inconvenient juncture see the light and embrass change. This company can still do it as it has the potential & capability. It may even change vision temporarily - put o/s mines on care & maintenance & use that money to acquire undervalued profitable companies depending on debt sevice arrangement. Just a thought.Maybe not. I just look at NST & all its timely recent acquisitions & compare & wonder - what if .
Cheers
venting LT holder
p.s - if no change occurs soon, cant wait to provide my proxies for this AGM. Don't want another sell job to occur.
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Last
44.0¢ |
Change
0.050(12.8%) |
Mkt cap ! $360.0M |
Open | High | Low | Value | Volume |
40.0¢ | 44.5¢ | 39.5¢ | $2.617M | 6.172M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 26500 | 43.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.0¢ | 247956 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 26500 | 0.435 |
10 | 197269 | 0.430 |
3 | 76835 | 0.425 |
9 | 145146 | 0.420 |
3 | 135232 | 0.415 |
Price($) | Vol. | No. |
---|---|---|
0.440 | 245956 | 10 |
0.445 | 102916 | 4 |
0.450 | 263933 | 17 |
0.455 | 901 | 1 |
0.460 | 54800 | 4 |
Last trade - 16.10pm 17/10/2024 (20 minute delay) ? |
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