SBM 2.46% $2.08 st barbara limited

chart -change in the wind

  1. 6,951 Posts.
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    More risks for the bulls as analysing the chart, although this is an early mention, on the 13/9 there was a failure swing when the share price could not rise above the centre thin green line. This was confirmed on 14/9 when the price moved to the lower thin black line. The share price is now at risk that it could roll over, and you can see by the red lines that there is a large risk to the downside. All will be revealed in the fullness of time, let us see whether the "unfortunate" management decision to use shareholders funds to buy back shares rather than increase the gold ore reserves and or profits from mining. Does this mean that the directors don't expect to make much profit, is that what they are really saying?
    Best wishes playmates

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