Someone opened with a bid of only 1.1c for options but pulled it quickly before any trades went through. Interesting play..trying to scare us! Luckily SBs is not greatly exposed to opus prime. A good buying oportunity while they offload shares though. While the Sunridge share deal and sale was abysmally managed by SBS they now have enough cash to last more than a year so no need to fundraise via a placement at rock bottom prices. Could well give the chance of a significant recovery by years end as Zara gets to feasability stage and beyond. Despite their abysmal management of Sunridge Asmara project I'm still in, they are very well connected in Eritrea which bodes well for fast development and approvals once the feasability is positive. The huge tax payment they just made should also add some support for SBS within the country I would suspect.
SBS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
