SBM 6.06% 17.5¢ st barbara limited

sigh... aud gold price has barely changed in past 2 months gold...

  1. 9,759 Posts.
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    sigh...

    aud gold price has barely changed in past 2 months

    gold stocks fell heavily while gold spot was still rising

    now the biggest pure aud gold stocks are starting to rise back toward fair value - nst, sbm, rr etc

    the stocks with offshore earnings or less int he spotlight - sar, rsg etc offer much better value (rsg currently on fy17 ev/ebitda of 3.6 vs sbm on 5.6) but only just starting to bottom

    imo the revaluation has nothing to do with takeover talk - and everything to do with preparing for a second major elliott wave in gold stocks.

    spot price is driven down to help buyers accumulate cheap positions
 
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Last
17.5¢
Change
0.010(6.06%)
Mkt cap ! $143.1M
Open High Low Value Volume
16.5¢ 17.5¢ 16.5¢ $627.7K 3.670M

Buyers (Bids)

No. Vol. Price($)
3 65000 17.0¢
 

Sellers (Offers)

Price($) Vol. No.
17.5¢ 418021 8
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Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
17.5¢
  Change
0.010 ( 6.38 %)
Open High Low Volume
16.8¢ 17.5¢ 16.5¢ 692486
Last updated 15.59pm 29/03/2024 ?
SBM (ASX) Chart
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