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30.5¢ sheffield resources limited

What`s happening at Sheffield, page-31

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kdwc

1,895 Posts.

298

07/08/20

11:18

Post #: 46373652
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Originally posted by 2ic: ↑

I was tempted to hit the ask at 25c on auction just for a giggle but that sort of price jump would bring more attention than the company wants. 16c to 21.c in two days is suspicious enough without having it close at 25c lol. I hope for all holders this is more than just an illiquid re-rate as sellers dry up. Love to see two big announcements coming.

1. Metallurgical success in cheaply beneficiating the P-ilm into a suitable sulphate or slag feed suitable for world wide sale.
2. Funding cornerstone investment from one or consortium of off-take partners happy with the new suit of ilmenite and non-mag con products.

I expect good news on the met and then new BFS can't be far away. That will drive the fundamental valuation and hopefully higher price floor if the market accepts improvement is good enough (capex, equity gap, operating margins, operational risk etc). I just think it's far too soon for funding to get bedded down, but if the project is good enough then it's a possibility.

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2IC
do you think your comment above could be about to happen:

2. Funding cornerstone investment from one or consortium of happy with off-take partner the new suit of ilmenite and non-mag con products.

The TH is about off-take and Cash raising !

SFX Price at posting: 21.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 30.5¢		Change -0.005(1.61%)		Mkt cap ! $122.3M

Open	High	Low	Value	Volume
30.5¢	30.5¢	30.0¢	$52.62K	175.3K

Buyers (Bids)

No.	Vol.	Price($)
2	28601	30.0¢

Sellers (Offers)

Price($)	Vol.	No.
30.5¢	1208	1

View Market Depth

No.	Vol.	Price($)
2	28601	0.300
1	6316	0.295
3	51849	0.290
3	44491	0.285
7	36830	0.280

Price($)	Vol.	No.
0.305	1208	1
0.310	579409	2
0.320	107149	4
0.330	51540	1
0.335	40000	1

Last trade - 12.57pm 15/10/2024 (20 minute delay)

SFX (ASX) Chart

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