A rising Gold price will help lift SBM of course but for a real re-rating the market needs assurance there will be no more production downgrades.
Secondly, that the Gwalia ventilation and ore crushing project has been completed and proving successful. I.E remove uncertainty from the stock.
Investor confidence in SBM has taken a knock over the last year and before real funds flow into SBM from alternatives like NST, EVN, RMS etc that confidence needs to return.
Perfect opportunity for new CEO stamp his mark.
If that happens I think it will see a real price adjustment because by all metrics NPAT/EV, P/E, market cap/reserves, cash-flow per share SBM is the best value of its sector currently.
Rising gold price is nice, sustainable production upgrade is even better.
- Forums
- ASX - By Stock
- SBM
- Will we see green tomorrow?
Will we see green tomorrow?, page-96
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SBM (ASX) to my watchlist
|
|||||
Last
25.5¢ |
Change
0.015(6.25%) |
Mkt cap ! $208.5M |
Open | High | Low | Value | Volume |
24.5¢ | 26.0¢ | 24.0¢ | $2.280M | 9.013M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 58326 | 25.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.0¢ | 451677 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 11922 | 0.280 |
1 | 98000 | 0.270 |
1 | 409 | 0.265 |
3 | 230000 | 0.260 |
4 | 223921 | 0.255 |
Price($) | Vol. | No. |
---|---|---|
0.235 | 3240 | 1 |
0.240 | 4000 | 1 |
0.245 | 1000 | 1 |
0.250 | 700 | 1 |
0.255 | 36000 | 2 |
Last trade - 16.10pm 21/08/2024 (20 minute delay) ? |
Featured News
SBM (ASX) Chart |