On the money in the bank, I believe they are net cash zero.
$100m in bank however they inherited $100m debt from Atlantic.
They are certainly the unloved stock among the Aussie mid range miners. Even RRL have been stronger despite selling over 400k oz in hedging circa $1550 AUD. That is a big chunk of earnings lost.
My opinion is that the raising was badly managed and received, especially due to the timing of the production downgrade (I do believe this was a one off due to testing out the alternate to Gwalia trucking theory).On top a lot of banks and investors are of the opinion SBM paid up for Atlantic.
However this was one blemish on a very strong track record for the MD, Acquisition was at a time of lower gold prices and they have a strong growth option here now. As some of the updates on Atlantic, Simberi etc come through then I think confidence on the stock will return and we will see a re-rating.
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On the money in the bank, I believe they are net cash zero.$100m...
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Last
25.5¢ |
Change
0.005(2.00%) |
Mkt cap ! $208.6M |
Open | High | Low | Value | Volume |
25.0¢ | 26.0¢ | 24.8¢ | $642.9K | 2.527M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 601998 | 25.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.5¢ | 58164 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 408139 | 0.250 |
10 | 486965 | 0.245 |
11 | 536650 | 0.240 |
4 | 253141 | 0.235 |
10 | 639372 | 0.230 |
Price($) | Vol. | No. |
---|---|---|
0.255 | 53164 | 3 |
0.260 | 209684 | 6 |
0.265 | 420629 | 14 |
0.270 | 282694 | 12 |
0.275 | 220327 | 6 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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