hammers, all true, but we know that fundamentals have nothing to do with the POG. If SBM are marginal at $1390, then they HAVE to hedge IMO. If gold goes up, they lose, but if gold goes down they survive.
In a way, they are gambling that it will be higher in 12 months time and they'll be profitable after that. But regardless of what it does during the twelve months, they will be still there.
Time will tell if it is a good decision - but it is a wise one for the current circumstances IMO.
hammers, all true, but we know that fundamentals have nothing to...
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Last
23.5¢ |
Change
0.010(4.44%) |
Mkt cap ! $192.2M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 23.5¢ | 21.5¢ | $853.4K | 3.762M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 517742 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 955389 | 12 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| SBM (ASX) Chart |