SBM is symbolic of everything wrong with the ASX at the moment.
. Most of the brokers has it as over sold . Stock prices are not matching the price of the commodity/goods and services they are producing and getting a return on . . The ASX market is suffering an identify crises, does not know where it should be when either USA, Europe or Asia move. . Interest in Gold has been replaced by crypto
When Gold was a lot lower, SBM was way north of 3 dollars.
Now even with better increased production, decreased expenses, SBM is in below 2 dollars . This tells me that the ASX at the moment is totally confused with evaluation . I put it down to explosive growth stocks vs stock fundamentals and lack of dividends which lasted during the corvid phase. But now we are suffering a Covid phantom period induced by the european and us market space very much still affected by Covid
I agree with your sentiment it does act like a tek stock atm.
Like you SBM has me baffled as do most of the Gold Sector
SBM Price at posting:
$1.93 Sentiment: Hold Disclosure: Held
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