who's following gold tonite?
and what will SBM do? keep going north or reteat momentarily?
down $3.50 at $463.70 an ounce in New York at 9:53am 26/09/2005
Re SBM...THEY ARE BUYING THEIR OWN SHARES BACK...so price retreat very unlikely.....watch Octobers announcements by SBM....56 million shares are still being bought back......
SPOT MARKET IS OPEN
closes in 19 hrs. 10 mins.
Sep 26, 2005 18:19 NY Time
Bid/Ask 465.90 - 466.60
Low/High 458.10 - 468.00
Change +0.60 +0.13%
30daychg +29.10 +6.66%
1year chg +58.30 +14.30%
Halo, just checked re buyback SBM now would pay or is allowed to buy back shares to...34.9 cents under the ASX rule...so nearly 35 cents they can pay so a drop in price not under 31 cents....company wants another 54 million shares check their announcements....
Gold will be heading to over $500 soon and we will see SBM as soon as they anounce what their Gold production was for the last 3 months heading higher....just marking time