SBM 12.8% 44.0¢ st barbara limited

agree crusader. one thing that disturbed me when i rang the...

  1. 2,693 Posts.
    agree crusader. one thing that disturbed me when i rang the company monday was the fact that no news is coming or on the horizon. the spokesman was imo a bit blaze about the sp and didnt seem to woried by it or about updating shareholders on whats happening. they said they had more room to borrow more cash when they needed it. great increase debt to $350 million plus US dollars. it sounded like they were just hoping gold price would rise and fix all their problems. i must say i went away from the call disturbed about the issues at hand. feel free to call company to get your own take on the issues. im glad i did but i believe firmly that cash levels are running down. good luck mate.

    frosty
 
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