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.
It's ultimately up to the profitability. 300koz/year means...
Add SBM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
27.5¢ |
Change
0.035(14.6%) |
Mkt cap ! $224.9M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 27.5¢ | 26.0¢ | $2.855M | 10.67M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 137581 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 225922 | 7 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
|
|||||
|
Last
27.5¢ |
Change
0.035 ( 14.6 %) |
||||
| Open | High | Low | Volume | ||
| 26.5¢ | 27.5¢ | 26.3¢ | 3655810 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| SBM (ASX) Chart |