Selling the Leonora assets also brings about a dilution to the SP. The balance sheet may clear a debt but it also clears an asset and in the case of Leonora FY22 is 552mil. diluting SBM total equity by close to 1/2. Another point on how good an asset we would be giving away, not many mines produce an average of Au 6g/t of ore.
And following, why give away the goose with the golden egg which props up the rest of SBM.
Why we have to approve GMD deal, page-22
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Last
22.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $179.9M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 22.5¢ | 22.0¢ | $307.3K | 1.374M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 1042257 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 195328 | 9 |
View Market Depth
| Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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Last
22.0¢ |
Change
0.000 ( 0.45 %) |
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| Open | High | Low | Volume | ||
| 22.3¢ | 22.5¢ | 22.0¢ | 863386 | ||
| Last updated 15.59pm 17/06/2024 ? | |||||
| SBM (ASX) Chart |
