I think you're right to be concerned about buying SFR. Not because they will go bust, I think that's very unlikely, but because the SP can fall a long way on factors outside SFR's control. They might be cheap now; I don't think so. Cheap at $1? Probably, but depends on the world situation if they reach that $1 mark.
Staying on the sidelines is sensible IMO. The downside risk for SFR is far greater than the upside atm. Preserving your capital rather than return on capital should drive sentiment in this current environment. No matter how good the company, if the market turns against copper the SP of all will fall, just SFR's fall would be less than others.
cancer in commodities, page-18
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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 |
