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.
Selling the Leonora assets also brings about a dilution to the...
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Last
24.0¢ |
Change
-0.020(7.69%) |
Mkt cap ! $196.3M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.0¢ | 23.5¢ | $1.861M | 7.547M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 466830 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 130872 | 5 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
24.3¢ |
Change
-0.020 ( 4.90 %) |
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| Open | High | Low | Volume | ||
| 25.8¢ | 25.8¢ | 23.8¢ | 3429799 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| SBM (ASX) Chart |