Very much appreciate your view Simmrr, and whilst I'm very much a fan of SFG and it's long term potential, I agree that there's always market risk.
I agree that you can consider PSD as speculative still at this stage, but I personally remain bullish for a number of reasons, including but not limited to: 1. PSD has ticked off so many hurdles in the past few years (esp. ILUA, environmental permitting, Legune Station agreement); 2. All stakeholders (including Fed govt and NT, WA govts, AND opposition political parties), Legune land Elders, environmental lobbyists, locals, are very positive on its development; 3. The agreement with Nissui; 4. The highly attractive commercial benefits of the project for a long time.
Of course the possibility of a severe market downturn could delay the financing, but my view is that the project is sufficiently financially attractive to attract at least 1 other major investor in the next 6 weeks or so.
I've been a shareholder for many years and certainly don't plan to get out at this very critical point in time when the project could change from being a great concept and dream to reality.
SFG Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
(20min delay)
