By 2018, SBM will need to pay their massive debts and if past is any guide they will go to market and raise capital. Soon to be retired Chairman did state they wanted to reduce debts to manageable levels in 2015. How?
What is obvious to me,
- SBM need and will prey for their share price to rise before debts are due or before they run out of cash.
- SBM need a higher US$ gold price, a weaker AUD$, continued success of Leonara assets and significant improvement of Simberi mine.
- SBM is a high risk stock. If you buy or hold, you need to closely monitor it IMO.
Time is on their side but won't be for long. Most important thing now, is that they are at least cahflow neutral and continue to be a going concern. Just as lot has changed from 2012 to 2015, a lot can change between now and 2018.
By 2018, SBM will need to pay their massive debts and if past is...
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Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $163.5M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 20.5¢ | 19.8¢ | $687.8K | 3.425M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 278140 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 744228 | 13 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SBM (ASX) Chart |