SBM 2.87% $2.15 st barbara limited

defaince conversion sbm vs sbmo

  1. 613 Posts.
    lightbulb Created with Sketch. 10
    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?
 
watchlist Created with Sketch. Add SBM (ASX) to my watchlist
(20min delay)
Last
$2.15
Change
0.060(2.87%)
Mkt cap ! $1.522B
Open High Low Value Volume
$2.11 $2.15 $2.10 $6.718M 3.147M

Buyers (Bids)

No. Vol. Price($)
5 61149 $2.14
 

Sellers (Offers)

Price($) Vol. No.
$2.15 140410 22
View Market Depth
Last trade - 16.10pm 22/04/2021 (20 minute delay) ?
(live)
Last
$2.15
  Change
0.060 ( 2.75 %)
Open High Low Volume
$2.12 $2.15 $2.11 876502
Last updated 15.59pm 22/04/2021 (live) ?
SBM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.