SBM 0.00% $2.00 st barbara limited

defaince conversion sbm vs sbmo

  1. 613 Posts.
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    Bought SBMO. Assuming merger proceeds consider: -

    SBMO selling for 1cent but converts to 3c under the merger. 1 x SBMO= 0.081 Defiance mining under the merger (CA:DM on Bigcharts). 1 x Defiance = Canadian 35.5 cents (and has been CAD45c recently). So SBMO = 0.081 * 35.5 * 1.086(CAD-AUD) = 3.1 cents per SBMO share. 300% gain would result.

    By comparison SBM only offers 36% gain; SBM trading at 6.4 cents and converts to 8.7 cents (0.226 Defiance). SBM 30Jun03 ann is good. Cost of gold production lowered by $117 per ounce. SBM now has no hedge positions - 30Jun03 ann - Meekatharra Operations generated a $2.3 million cash surplus for the quarter. A total of 18,947 ounces was sold at a net realised gold price of $535 per ounce.

    Is SBM on the improve?
 
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Mkt cap ! $1.412B
Open High Low Value Volume
$2.00 $2.04 $1.99 $3.832M 1.908M

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8 121259 $1.99
 

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Price($) Vol. No.
$2.00 26536 2
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Last trade - 16.10pm 14/05/2021 (20 minute delay) ?
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