Hi 5to12:)
No doubt they made a huge mistake paying too much for Allied Gold with cash and diluted equity.
I do agree with you on the shocking high production cost for Gold Ridge (Solomon). Simberi(PNG) is barely profitable. A legacy of AG. An other 8 months (Q4) will tell us if they can meet the cost reduction strategy from achieving the economy of scale. $222mil debts is also a concern...
Gold production at Gwalia & King of the Hill are decreasing with production cost increased from $580 to $850/oz..
The only positive stuffs are: sold Southern Cross with all future liabilities with that asset for $20mil. Exploration up site, et to be seen.
Just a trading stock for me.. No long-terms investment at this stage.. Cheers
looks set for a run, page-55
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Last
31.5¢ |
Change
-0.015(4.55%) |
Mkt cap ! $257.7M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 33.0¢ | 30.8¢ | $6.836M | 21.56M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 759455 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 333627 | 11 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| SBM (ASX) Chart |