I take the view that SFG's circumstance is such that some big insto (or whoever!) considers SFG worthy of "special attention" (for want of a better phrase), and thus there is more chance of some significant activity - it could be a smallish interim capital raising (smallish relative to the BIG funding required for major capital works) - but again that's my speculation.
And if it were an interim funding then the price would be under some pressure and that doesn't seem to be the case at the moment. But at a lower price I'll be scrambling around to grab a few more!
Regardless IMO the longer term outlook seems set, and that is UP - the fact that management are aiming to minimise equity held by others means that current holders will finally get more of the pie - if dilution is less than 30% on current share capital anyone can do the numbers to get valuations way above $1.00/ share, my range $1.00 - $4.00 (how far above $1.00 depends on one's view of unit costs)!
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.09M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $4.02K | 2.010M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
49 | 123677116 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 1534779 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
32 | 27078633 | 0.002 |
18 | 66035026 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 16396720 | 14 |
0.004 | 2824792 | 10 |
0.005 | 1795951 | 10 |
0.006 | 1118347 | 5 |
0.007 | 200000 | 1 |
Last trade - 10.11am 02/12/2024 (20 minute delay) ? |
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SFG (ASX) Chart |