Hi All,
I'm not going to pretend this isn't a bit disappointing but its still early days in the acquisition - clearly they are going to have to put more time and energy into getting the Pacific assets on track and that track is now a little lower and slower etc. However, even if ALD is essentially worth nothing SBM is still pretty cheap - the Aussie assets put the company on a PE of 7 with fairly good mine life. So as long as the Pacific assets can be made to break even for FY13 then start making some $$ we'll come right in 2014 in a big way.
I'll be adding on anything sub $1.40-1.45 as there's too much value here. Disappointed for now in the hiccups but another chance to get some more.
Hi All,I'm not going to pretend this isn't a bit disappointing...
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Last
36.0¢ |
Change
0.010(2.86%) |
Mkt cap ! $294.6M | |||
| Open | High | Low | Value | Volume |
| 34.5¢ | 36.5¢ | 34.5¢ | $1.624M | 4.609M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 135490 | 35.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 50467 | 2 |
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| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| SBM (ASX) Chart |