SFR 0.59% $10.27 sandfire resources limited

Shipping stocks have been in a massive Bear market for a number...

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  1. 912 Posts.
    lightbulb Created with Sketch. 95
    Shipping stocks have been in a massive Bear market for a number of years. ETF that tracks it:
    https://www.investing.com/etfs/guggenheim-global-shipping-chart
    A lot of them have a lot of debt. Formed a nice basing pattern in 2016. They are starting to break out on volume so far in 2017. A risky sector, but Safe Bulkers have been breaking out on massive volume, way off its highs:
    https://www.investing.com/equities/safe-bulkers-inc-chart
    Star Bulk Carriers are another one breaking out on volume:
    https://www.investing.com/equities/star-bulk-carrier-chart
    There are a number of Shipping stocks looking like this.

    Emerging Markets have been weak but they are starting to out perform. If they continue to do well it'll be very Bullish for Commodities.

    You think after all the pain as an investor, now is the time to sell out of a great Copper stock like SFR, just as things are looking up?

    Stock specific issue is Life of Mines (LOM). As LOM decreases leverage to the price of Copper (POC) increases. SFR will also act more like an exploration company, farming-in to tenements and taking more risk. Explorers are being rewarded at present for taking on big drilling projects and being given room to make the next big find. I think SFR management have it right, leveraging their cash flow to fund exploration for future copper assets.

    I am holding and not selling. Willing to take on a bit of pain for long term gain.
    Last edited by roka: 13/04/17
 
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Last
$10.27
Change
0.060(0.59%)
Mkt cap ! $4.190B
Open High Low Value Volume
$10.31 $10.42 $10.18 $14.51M 1.416M

Buyers (Bids)

No. Vol. Price($)
2 5465 $10.26
 

Sellers (Offers)

Price($) Vol. No.
$10.29 2241 2
View Market Depth
Last trade - 16.10pm 22/11/2024 (20 minute delay) ?
SFR (ASX) Chart
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