below is Wegian's post from 2/22 - except for the intervening loss of $2 per share, he may be right !
At an AISC of $3600, their gold nets A$100 per oz, so even incorporating their newly announced 2.8moz reserves, still comes out with a valuation of nil.
Still only worth their cash and even then we know what they're gonna do with it.
If you're not in.....AVOID like the plague!
Wazz
Guys I just bought into SBM as believe it or not thus stock has bottomed and is getting ready for a major reversal...
I'm expecting months of uptrend starting next month and have had this confirmed by a major BUY signal (yellow arrow) on my chart.
My chart is the monthly timeframe which is supported by very bullish lower timeframes.
I believe we are going to see a gold Rush which is due to finishing resources and global instability.
My chart below expecting to see lovely bold green buy candles for the coming months.
I love buying the bottoms it's a hobby of mine.
SBM Price at posting:
22.5¢ Sentiment: Hold Disclosure: Not Held
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