Yes an 80% haircut is painful, suffering the same with CHN ATM, DOWN 65% From recent highs ,although sold 20% near all time high ,now in strong free carry position. I believe SBM has way too many assets to be trading this low , many others in similar situations, it's strange how all the BAD NEWS seems to coincide with central bank's lifting interest rates and scaring investors into cash to hold up the U.S. TOILET PAPER. I know when all is laid bare, institutions will be holding great swaths of the best explorers,juniors & midcaps, where all the big money will be made in cyclical PMs boom. So many on fire sale ,but stupidly invested too much between December and April.
SBM Price at posting:
85.5¢ Sentiment: Buy Disclosure: Held
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