SBL signature metals limited

Just wanted to share my thoughts....With Gold a it's recent...

  1. 120 Posts.
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    Just wanted to share my thoughts....

    With Gold a it's recent highs I suspect SBL has been producing a tidy profit, which hopefully means we won't need any more cash from a capital raising (something i don't want to consider as at such low prices a truck load of shares would need to be issued). I am of the opinion that we won't need a cap raising since no annoucement that plant is down etc so I assume we are producing as advised therefore should be financing OPEX and EPEX from profits quite comfortably.

    Which leads me to my thoughts regarding no news. I reckon that the management team are not giving us the updates regarding operating costs etc because they don't have to and they have a point to prove. They don't want to drip feed us with little bits of useful info, they want to deliver it by the truck load e.g. production costs <$700oz, cash in bank and positive drilling results. With all the bagging they have received regarding the recent cap raising (was actual mother natures fault), i reckon they are sitting back rubbing their hands together with all the cash rolling in and can't wait to deliver some great news which should put a fire cracker under the share price.

    Time will tell.
 
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