SBM still a few months away from FULL CAPACITY but with a rapidly rising PoG it cannot be ignored any longer... so I think punters will have to take a decision - GO FOR THE ALREADY RUNNING $1-3 billion goldies or go for SBM who has not been part of this rally at all... I am sure some funds will move to SBM just for this as any news of the completion of works will see a massive buying and if at that time PoG is at these lofty heights then the $4 mentioned above will be taken care of in matter of days...
so, I think we may see a "pre-emptive" strike on SBM shares (in fact already up more than 20% in a few days now) and more to come... if this reaches $4.5, it will still be undervalued as per old numbers...
I hold a few and will be buying SBM regularly now as and when I can free up cash...just toying with the psychological $3 mark atm and once it has spent a day or two above it, it can have a fairly decent run IMO...
Shares rise despite steep profit dive, page-6
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Last
26.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $216.7M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 28.0¢ | 26.0¢ | $1.437M | 5.290M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 161319 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 120129 | 7 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
26.3¢ |
Change
0.000 ( 1.87 %) |
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| Open | High | Low | Volume | ||
| 27.3¢ | 28.0¢ | 26.0¢ | 2155088 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| SBM (ASX) Chart |