SBM 2.94% 33.0¢ st barbara limited

The volume in June was in part due to the GDXJ sell down and was...

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    The volume in June was in part due to the GDXJ sell down and was felt across all the junior gold companies. SBM did well compared to a few others.

    I see limited upside in the short term for SBM. Production will be a little weaker this quarter per their forecasts in the last quarterly. Ultimately the production numbers drive the chart.

    I also think there is a possibility that SBM buy someone out and dilute shareholders. SBM are a bit more desperate for another mine (than say NST or EVN) because they have one marginal operation with a short mine life and Gwalia with a more technically complex production profile as they go deeper.
 
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