no-idea2016
I'm not worried at all about market cap .. its fair value based on the size and quality of asset ... remembering SFX don't have a great number of shares on issue so the share registry is pretty tight.
Native Title & Mining license sign off will take it to the next level and then we will get institutional buyers hitting the registry. The only remaining obstacle will be raising cash for mine development but I cant see that being an issue based on asset quality. They will either sell off a portion of the project, raise themselves, or will be taken out (TO).
2 years in the scheme of mine development isn't really that far away ... maybe too long for some investors who may cash out early and miss out on long term extended value the company will bring when in production.
I will go with the various analyst who have followed this for years and provided company SP valuations.
Bets of Luck to you
Daily + weekly setup looking dandy, page-27
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Last
19.5¢ |
Change
-0.010(4.88%) |
Mkt cap ! $118.4M |
Open | High | Low | Value | Volume |
21.0¢ | 21.8¢ | 18.0¢ | $25.49K | 129.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10009 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.5¢ | 2000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 51366 | 0.295 |
1 | 2277 | 0.290 |
1 | 10500 | 0.285 |
1 | 5000 | 0.280 |
1 | 50000 | 0.275 |
Price($) | Vol. | No. |
---|---|---|
0.310 | 1315 | 1 |
0.320 | 14500 | 1 |
0.325 | 30769 | 1 |
0.330 | 15151 | 1 |
0.340 | 14705 | 1 |
Last trade - 15.23pm 15/11/2024 (20 minute delay) ? |
SFX (ASX) Chart |