SFR has had very hard-to-follow SP movements over the past year or so, maybe longer that that.
To take extreme examples:
When the SP has been expected to be strong, it has been weak instead (like now).
When it has been expected to be weak, it has been strong instead (like June when it climbed to $10).
It's an unsafe house for outsiders!
Shorting (and covering) would be a factor at times, but imo it's not the sole reason. There could be manipulation. In fact I'm sure that there is. Someone does that for some particular reason. The recent sustained selling and the accompanying SP push-down are at odds with some influential broker 'buy' recommendations with a target price of about $8.80, so what gives?
I know that the copper price is under pressure, but the lower AUD should sort of balance that.
Anyone like to comment on what is going on behind the scenes with the inconsistent share price movements?
As for the present situation, could there be a corporate deal in the wind that involves the issue of shares to the other party as part consideration for a purchase? ie make it more attractive to the other party so as to get an agreement in place!! It sounds extreme but funnier things have happened.
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