On or about the 16th December, SBM will likely be dropped from the ASX300 and the GDXJ - this could see a massive turnover and new SP lows ( ??? ) RED has substantial internal organic growth prospects, and while its KOTH mill, with its built in capacity for production expansion, is seen by many as a natural consolidation hub for the Leonora district, SBM is a curates egg, and RED definitely doesn't need a bundle of problems that will come with M&A involving SBM .... IMHO.
SBM Price at posting:
68.5¢ Sentiment: Hold Disclosure: Not Held
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