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.
I might be contrarian here. I reckons she'sgot legs.Sydney Guy...
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Last
33.0¢ |
Change
0.030(10.0%) |
Mkt cap ! $298.8M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 33.0¢ | 31.0¢ | $3.101M | 9.730M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 185515 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 583860 | 7 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| SBM (ASX) Chart |