Anna,
There were a couple of news snippets re Paulsens today to follow the announcement yesterday. Yes it seems more reserve ounces are required for Paulsens to get finance.
One news item I saw and can't post here said that they are targeting another 300,000 ounces with the new drill program. This seems a bit odd to me because as far as I am aware the potential for extra reserves at depth was seen to be limited from a geological perspective as it had already been subjected to some degree of drilling below the base of the pit and the continuity of the orebody is not good. If Paulsens is dependent on the results of this drilling I wouldnt like to be holding the stock in the meantime.........
Its all a bit dodgy from my perspective and I find it hard to be bullish at all about Paulsens. And if that is the case why buy or hold SBM? I'll scold myself for sounding a little bullish about SBM in a recent post and go back to my SBM bear status.
I dont hold.
SELL!!
acturtle
st barbara convertible note redeemed, page-3
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Last
36.0¢ |
Change
0.010(2.86%) |
Mkt cap ! $294.6M | |||
| Open | High | Low | Value | Volume |
| 34.5¢ | 36.5¢ | 34.5¢ | $1.624M | 4.609M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 135490 | 35.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 50467 | 2 |
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| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| SBM (ASX) Chart |