My guess as to the reason why SFR have been hammered down from $6.50 to $5.00 lately is that the marked is saying they (SFR) are spending a lot of money trying to find more of something that is in over supply and the marked doesn't want to pay a lot for at the moment. Perhaps it's time to cut back on expansion (like TLM where they've spent their required $15m and know they have something there that can sit in the ground for as long as they like) and concentrate on what they've already got until the demand for copper recovers. If management say there's not enough funds in the kitty to pay an interim dividend when the half yearly results are announced shortly we could really see some SP action!
My guess as to the reason why SFR have been hammered down from...
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Last
$10.34 |
Change
-0.100(0.96%) |
Mkt cap ! $4.190B | |||
| Open | High | Low | Value | Volume |
| $10.42 | $10.52 | $10.34 | $3.653M | 350.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 976 | $10.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.35 | 8141 | 27 |
View Market Depth
| Last trade - 12.39pm 04/12/2024 (20 minute delay) ? |
| SFR (ASX) Chart |
