Its readily apparent to me whats happening in the general market. It seems to me that we are sitting on a liferaft looking out to the carnage around us.
I think this share is travelling well ATM and I would expect it to go higher if:
a)General market conditions and confidence improve
b)Further machinations in global markets result in a crisis which leads to the emergence of a Gold Bull Market.
c)St Barbara continues to develop the Gwalia asset to something approaching its potential.
Its going to be interesting. I really would have expected gold to do lot better and that upside is potentialy there however a general market recovery would also result in SBM having a "day in the Sun".
I shall call this the "Goldilocks Scenario" not too hot, not to cold just right.
P.S can Gold please go to $2000 an Ounce US .....NOW
lifeboat st barbs
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Last
21.5¢ |
Change
-0.010(4.44%) |
Mkt cap ! $175.8M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.5¢ | 21.5¢ | $771.4K | 3.550M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 292554 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 33200 | 2 |
View Market Depth
| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| SBM (ASX) Chart |