The number of shares on issue has no impact on the company prospects
No-one could disagree with that!
Nor does it affect the market cap.
However, it certainly influences the share price.
Yes, SFR could be a multi bagger from here, but it would need most of its copper prospects (Oz and USA) to be (potential) big money-makers. As an example, check out NST's progress.
I see that you have referenced AUR. Well it may in fact be sitting on some copper-rich tenements very close to those of SFR that one day might end up in SFR's hands. If that were to happen then we'd all be rich. Thundelarra might be sitting on more copper at Red Bore, but I doubt that SFR will be seeing any of that now for some time. Mr Richmond has seen to that!
The number of shares on issue has no impact on the company...
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Last
$10.40 |
Change
0.190(1.86%) |
Mkt cap ! $4.190B | |||
| Open | High | Low | Value | Volume |
| $10.31 | $10.42 | $10.29 | $2.698M | 265.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1083 | $10.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.40 | 970 | 7 |
View Market Depth
| Last trade - 11.19am 22/11/2024 (20 minute delay) ? |
| SFR (ASX) Chart |
