I too am hoping for a pullback to at least .76 as I have another top up there but don't like my chances as there was over 13mil shorted last friday and was mostly covered on monday at the close, same yesterday. Same thing happened to my other goldie SBM. So they have tried to short but lost out badly. Still think there is strong underlying buying going on and can see another 20% at least because of new insto buyers entering because we are now in the ASX 300. Haven't seen a Substantial holder notice as yet.
I do like to compare SBM to RMS and this is the reason I believe RMS is going much higher.
SBM Increased FY19 guidance to 365 to 385 koz
RMS FY2019 Guidance 190-210,000oz
So not that far behind in production but 6 times cheaper in share price. Admittedly SBM has 100m shares less on offer.
So my rough valuation would be between 1.5 - 2 Dollars
Where's The Pullback, page-7
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Last
$1.92 |
Change
0.030(1.59%) |
Mkt cap ! $2.194B | |||
| Open | High | Low | Value | Volume |
| $1.94 | $1.95 | $1.92 | $7.450M | 3.862M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 72964 | $1.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.93 | 42195 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RMS (ASX) Chart |