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SBM st barbara limited

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News: SBM St Barbara Determines Not To Engage With Silver Lake, page-11

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bikemad

3,184 Posts.

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30/05/23

06:11

Post #: 68024998
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Originally posted by Elliob: ↑

Silver lakes play on SBM is dirty.

Reading between the lines of the AFR article they weren't engaging last year in a way that indicated intent, and they've waited until now to put forward a "conditional" "non-binding" offer that's linked to a share price where SLR holders have demonstrated a lack of support (as demonstrated through share price movements)

If the SBM / GMD deal doesn't go through in June because holders vote no (if a superior unconditional offer doesn't come through before) SBM will breach debt covenants and share holders will be the last to pick up any little scrap that remains from creditors selling off the pieces - this is the play that SLR are aiming at

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Well what is the matter with SBM forward selling some gold at $3k/oz and pay down a portion of the debt to a level where it is more manageable.

SBM should not be selling their only hope of trading out of the hole the board have put the company in.

SBM Price at posting: 55.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 28.5¢		Change -0.005(1.72%)		Mkt cap ! $308.6M

Open	High	Low	Value	Volume
29.0¢	29.5¢	28.0¢	$2.028M	7.071M

Buyers (Bids)

No.	Vol.	Price($)
10	1069835	28.0¢

Sellers (Offers)

Price($)	Vol.	No.
29.0¢	271064	5

View Market Depth

No.	Vol.	Price($)
8	948383	0.280
7	1025000	0.275
14	326002	0.270
2	120000	0.265
1	400000	0.260

Price($)	Vol.	No.
0.290	103000	3
0.295	812192	10
0.300	821812	17
0.305	423542	8
0.310	875401	9

Last trade - 16.10pm 27/06/2025 (20 minute delay)

SBM (ASX) Chart

News: SBM St Barbara Determines Not To Engage With Silver Lake, page-11

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News: SBM St Barbara Determines Not To Engage With Silver Lake, page-11

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Buyers (Bids)

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