Manipulation.. possible!
However St Barbara need a very high US Dollar gold price in conjunction with a very weak Australian dollar (based on their current production costs) to be profitable. Reducing costs is SBM's top priority, but until the market see signs of this I wouldn't expect too much.
They also mentioned another capital raising was imminent shortly after they last raised money.
Personally I thought the SP rise before the last placement was a bit suspect... so perhaps they are cashing up for the next *cough* pump *cough* placement.
SBM will probably be very strong later in the year regardless of any improvements in production costs, so I'd hold if I had any.
Manipulation.. possible!However St Barbara need a very high US...
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Last
25.5¢ |
Change
0.005(2.00%) |
Mkt cap ! $208.6M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 26.0¢ | 24.8¢ | $642.9K | 2.527M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 601998 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 58164 | 4 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| SBM (ASX) Chart |