last chance under $1?, page-24

SFX is going to continue to ebb and flow until the national environmental approval has been executed and the agreed terms with the KLC / traditional land owners. Until then, if you are believe in the project and the robust economics + NPV, every pull back is just another opportunity to keep adding.

From a technical perspective I like the fact that the gap that was created from the pop in share price earlier in the week from $0.91 has now been closed, it gives me a higher level of confidence that we can expect to see support at the current price and high prices in the short term. Worst case we could see a pull back to the 15 + 30 day MA's at $0.88 and if so (failing anything from left field blindsiding the stock) I would expect this level to hold nicely.

Reading Ste McIntyre's from Blue Ocean's most recent note, see below for the upcoming milestones that will further de-risk and warrant higher pricing for the stock.




It has certainly been a big two weeks for SFX with a positive court outcome and AIP terms with the KLC / traditional land owners. The rest is now a matter of process. Iam not in it to flip it for a short term gain & am holding out to see either production or corporate activity, whichever occurs first!