Given the company is trading at half valuation, we have upgraded our recommendation to POSITIVE.
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St Barbara (SBM) - SEPTEMBER QUARTERLY REPORT
Whilst a strong improvement on the previous quarterly, the YTD run rate is well below that required to meet guidance (even the lower end) at all sites.
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St Barbara (SBM) - Proposed merger with catalpa viewed as highly dilutive
We have reduced our recommendation on St Barbara from NEUTRAL to NEGATIVE.
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SBM: December Quarterly
Flagship mine, Leonora put in another disappointing quarterly due to a number of what we see as short term issues.
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SBM - Full year profit result
Whilst the result was a strong improvement on the previous year’s miniscule profit (pre negative abnormal), it was still a very low profit considering the production base and the high prevailing gold price.