SBM 0.00% 23.0¢ st barbara limited

SBM has bottomed and I am all over it..., page-117

  1. 37 Posts.
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    I might be contrarian here. I reckons she'sgot legs.

    Sydney Guy did some good analysis about the AISC and associated cashburn a few months ago after the Q3 release. It was Pretty much on the money and picked Q4 results like a dirty nose. My view is the market has priced in that logic for a while.

    More recently there's been a consistent approach by management to serve up good news. This makes me think they are looking at shoring up the share price (probably with half an eye on a CR). Price action has been fairly resilient for weeks, indicating that holders think the worst has passed.

    fFom here, I believe 30 cents is greater probability than 18 cents, giving 25% upside for traders. For an investor, a production quarter in line with forecast could see a run to 40c-50c.

    At some point Canadian operations need to be addressed - maybe an asset sale, maybe things can get rolling.....again, I think probability is tilted away from more negative news. Worth a punt.
 
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Last
23.0¢
Change
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Mkt cap ! $188.2M
Open High Low Value Volume
23.5¢ 23.5¢ 22.5¢ $801.7K 3.485M

Buyers (Bids)

No. Vol. Price($)
10 349662 22.5¢
 

Sellers (Offers)

Price($) Vol. No.
23.5¢ 523877 6
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Last trade - 16.10pm 09/09/2024 (20 minute delay) ?
SBM (ASX) Chart
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