SFR 1.86% $10.40 sandfire resources limited

Hey Joe.... you again :) You and I both Joe, not really a short...

  1. 685 Posts.
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    Hey Joe.... you again

    You and I both Joe, not really a short term trader either but unfortunately the SFR Kool-Aid was drunk in 2017 when outlook on copper was very very very good and SFR by timing had one of the best numbers around...

    She was at one point my best holding this year and management have not exhibited too many missteps so far... In fact their wheeling and dealing have been up there with the best. I expect more when the other copper miners get into more pain or Degrussa exploration gets exhausted. At 282mil in cash & short term receivable she is definitely cashed up for more deals.

    Check her out around $5 for a really good entry point. I know the numbers look terrible but for some reason it feels like a deja vu NST 2nd half 2016 on this one...

    ATM I'm staying put on this one. If I survived the 50% decline on NST and have been the better for it. I can survive a 30% decline on this baby ...as I said the Kool-Aid mate there is no turning back.

    Thanks, definitely need lady luck on my side again for this position...
    Last edited by Exised: 30/11/18
 
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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
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Last trade - 11.19am 22/11/2024 (20 minute delay) ?
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