I am not sure how SBM can expect to pay off the $328 million debt given the high operating costs. I would be a little nervous being a SBM shareholder if the company doesn't perform to their 2014 guidance as per todays presentation.
I can see further weakness in the shares going forward and one would not wish for any further decrease in the gold price.
The ability to repay debt is a huge concern and one would imagine that there would be a few anxious SBM employees as well as shareholders.
difficult to pay off huge debt
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Last
22.0¢ |
Change
0.010(4.76%) |
Mkt cap ! $179.9M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 22.0¢ | 21.0¢ | $718.5K | 3.300M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 349584 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 554172 | 15 |
View Market Depth
| Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
| SBM (ASX) Chart |