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
23.5¢ |
Change
-0.045(16.1%) |
Mkt cap ! $192.2M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.0¢ | 22.0¢ | $6.812M | 29.04M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 1030382 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 54447 | 4 |
View Market Depth
| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
23.3¢ |
Change
-0.045 ( 16.0 %) |
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| Open | High | Low | Volume | ||
| 25.0¢ | 25.0¢ | 22.3¢ | 9777778 | ||
| Last updated 15.59pm 27/05/2024 ? | |||||
| SBM (ASX) Chart |