SBM 0.00% 46.0¢ st barbara limited

market cap $80 million debt $335 million, page-33

  1. 5,027 Posts.
    lightbulb Created with Sketch. 132
    Also currently ( as at 18th June) 26.9 MILLION SBM shares were short sold representing 5.52% of total capital…..

    Compare this to other goldies who are in a similar market value – debt predicament like SBM:

    PRU – 11.8m shares short sold or 2.2% of total capital ( note this is as at the 18th so is before the 16%+ sp rise they had when they published the new drilling results that they got
    OGC – 1.79m or 0.59% of issued capital
    KCN - 5.3m or 2.4% of issued capital…

    To me this means that when the gold price gaps up…..the short squeeze will be a lot HARDER in SBM vs other goldies…….

    Also these share positions repersent deffered demand / buy side for SBM…….these positions have to be closed out sometime…….when some start to close…….hope that triggers a stampede upwards
 
watchlist Created with Sketch. Add SBM (ASX) to my watchlist
(20min delay)
Last
46.0¢
Change
0.000(0.00%)
Mkt cap ! $376.4M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
2 45000 45.0¢
 

Sellers (Offers)

Price($) Vol. No.
41.0¢ 6060 1
View Market Depth
Last trade - 11.05am 01/11/2024 (20 minute delay) ?
SBM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.