KBX - I agree that on the face of it, you would think SBM should be much more highly valued.
The problem is, I recall presentations dating back to Eshuys time that says this (ie: most undervalued gold company in australia) and this slide (or a very similar one) is still used by Lehany - with no change!
So the question is- why doesnt the market see the value the company (and presumably we) do???
While I agree Lehany is responsible for CAH - lets not get ahead of ourselves....Copperhead has always been part of SBMs tennements....
The fact remains that when Eshuys was sacked back in March 2009, the Gold price was at $900 USD/$1200 AUD and now it is at $1520 USD/$1490 AUD......an increase of over 33% AND IN THE SAME TIME SBM SHARE PRICE HAS FALLEN THE SAME AMOUNT.
KBX - I agree that on the face of it, you would think SBM should...
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Last
24.0¢ |
Change
0.015(6.67%) |
Mkt cap ! $196.3M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 24.0¢ | 23.0¢ | $865.9K | 3.702M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 52553 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 845110 | 17 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| SBM (ASX) Chart |