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
32.3¢ |
Change
0.023(7.50%) |
Mkt cap ! $289.8M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 32.3¢ | 31.0¢ | $2.238M | 7.078M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 690777 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 762336 | 43 |
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| Last trade - 14.39pm 15/11/2024 (20 minute delay) ? |
| SBM (ASX) Chart |