SBM requires a high Aussie dollar gold price, in order to make money. As a result, that makes it a highly leveraged play on the gold price.
This chart is essentially saying that, with a gold price of $A1,500/oz, SBM is worth much more. However, with gold at $A1,200/oz, it's a borderline proposition.
Mr Ed and his farmyard friends have left the new CEO with a lot of sleepless nights.
manipulation?, page-13
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Last
21.0¢ |
Change
-0.005(2.33%) |
Mkt cap ! $171.7M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 21.5¢ | 20.8¢ | $397.4K | 1.891M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 398495 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 516773 | 33 |
View Market Depth
| Last trade - 13.25pm 26/07/2024 (20 minute delay) ? |
| SBM (ASX) Chart |