SBM 2.13% 23.0¢ st barbara limited

difficult to pay off huge debt, page-14

  1. 625 Posts.
    lightbulb Created with Sketch. 17
    Doule bottom on a daily chart ....not a reality

    Look at a 3 year weekly chart and you might change your perspective. A 5 wave down from 15 Oct 2012 (approx) to 36.5 low week of 24th June 2013, followed by and a,b,c and now potentially another wave down to a new low. The monthly doesn't give me any confidence of a bottom.

    Problem is that 20cent drop from $1.40 is about 14% but a 20 cent drop from 50cents is 40%.....Now in risk territory.

    New gold lows first but if future go is to rally then the gold stocks will lead in unison.


 
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