There are threads where I calculate everything, split into several cases of "conservative", "likely" and "optimistic" - FWIW, I keep getting to somewhere between 50 cents and several dollars per share based on the information we have to date - but there is a fair amount of speculation, assumptions and guesses and biases built into those estimates. My belief is that in 5-10 years, we'd might reasonably expect to be looking at $1-1.50 per share, if all of those assumptions hold (which obviously they won't). If we get there, we're an ASX 200 company, and all the index funds will buy in too.
The last end-to-end exercise was in a thread called "Post-NSK what's going on & valuation". New readers - feel free to read it, and critique it - chances are I've missed a few tricks.
As for today's trades: volume was massive, upward pressure is massive, and we're up what 3.1%? The big boys might know something, fomo might be kicking in, or a news letter we've never heard of has started coverage. I think we're going to see a dip soon, if for no other reason than profit-taking or some people going risk-off. Or, Trump might suggest a war on prawns - you'd never know. I'm not in a position to keep buying SFG - because it is an insane overweight in my portfolio at the moment. If I won the powerball, though, I'd buy every share I could get my hands on
In summary: long-term bullish on the project, medium term bullish on the company, short-term cautious on the share price. Remember: SFG is a spec stock so don't gamble what you can't afford to lose (or ignore for several years).
SFG Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
(20min delay)
