SFR 0.29% $10.21 sandfire resources limited

Yikes another one... whats the deal with div hungry speculators...

  1. 685 Posts.
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    Yikes another one... whats the deal with div hungry speculators circling in a sector that is not known to be that generous on divs? Your the 4th run in with a divy complaint this week...

    I understand the usual div sectors (finance, telco and consumer) are sputtering the moment. Please take your capital elsewhere if divs is what you are after. In the cyclical world of mining, div should not be an investors demand as it is a capital intensive exercise to find stuff in the ground and dig it up... treasuries and an options play should give you a better yield if you play your cards right at the moment.

    If you want long mine life then SFR is not for you. I can definitely point you in the right direction as I own a few... but it would be too late as those miners already had their SP spike in line with their resource increases. If you believe the world is in a copper deficit, want a cashed up undervalued miner due to a low resource base, a large possibility of a book build when they strike it in the existing tenement and one that is seeking alpha via acquisition opportunities (which we are starting to see)... then SFR is the right one for you.

 
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Last
$10.21
Change
0.030(0.29%)
Mkt cap ! $4.190B
Open High Low Value Volume
$10.40 $10.40 $10.15 $13.25M 1.295M

Buyers (Bids)

No. Vol. Price($)
2 9926 $10.21
 

Sellers (Offers)

Price($) Vol. No.
$10.25 14350 4
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Last trade - 16.10pm 21/11/2024 (20 minute delay) ?
SFR (ASX) Chart
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