Haven't done the maths of SBM's operation recently enough to say off the top of my head whether it's a good deal or not, though I suspect that in theory we're swapping the shares in one undervalued miner for another undervalued miner, given that the whole sector seems relatively undervalued given POG.
roughly, as far as I can tell: SBM produces 330koz yr at ~$650 cost. Market cap 700m so arguably trading on an even lower multiple than ALD.
Highly superficial first response: I like it.
Opinion subject to change without notice.
wake up everyone! takeover offer
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Last
$32.09 |
Change
0.470(1.49%) |
Mkt cap ! $7.647B | |||
| Open | High | Low | Value | Volume |
| $32.04 | $32.30 | $31.93 | $31.27M | 969.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3444 | $32.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $32.20 | 1200 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| ALD (ASX) Chart |