SFR 0.59% $10.27 sandfire resources limited

The two posts you have made show you are the only one on the...

  1. 1,422 Posts.
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    The two posts you have made show you are the only one on the money with the fundamentals of the price decline.

    It is indeed the global commodities and Copper indexes which shows that prices have been on a 6 month decline. The shorters are taking this as a signal to come in, and their small parcel bots are steadily kicking down the price. Panic sellers as usual are falling for it.

    Broker targets not worth the paper they are written on. Morningstar $5.80, UBS $7.20, Argonaut $8.85 take your pick , its clearly not an exact science, most of their figures never materialise. I always ignore them.

    P/E ratio of 14, M$258 cash, ready to go shopping. Monty 10 kms away and should extend mine life when they prove it up.
    Last edited by Load: 30/07/18
 
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