It's ultimately up to the profitability. 300koz/year means nothing. SBM was 350koz+ producer up to last year. So what? its market cap has been pathetically dwindling. After this merge, pure SBM SH will only have 1/3 interests in the new company.
RSG produces more than 300koz and its MC is pitiful.
I beileve shutting down overseas assets and make Gwalia profitable with production maintaining at about 170-180koz/year should have good chance to put SBM MC back to $1B even at current POG. After all, major CAPEX has been sunk in to Gwalia.
Don't understand what the major holders think, this is extremely frustrating.
SBM....potential takeover target?, page-58
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Last
20.0¢ |
Change
0.005(2.56%) |
Mkt cap ! $163.5M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 20.5¢ | 19.0¢ | $977.6K | 4.931M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 1564779 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 155528 | 2 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| SBM (ASX) Chart |