SBM 7.69% 21.0¢ st barbara limited

SBM....potential takeover target?, page-58

  1. 2,503 Posts.
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    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.
 
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Mkt cap ! $171.7M
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20.5¢ 21.0¢ 20.0¢ $2.213M 10.76M

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21.0¢ 1595913 23
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