The other thing SFR could do to boost their share price (and may well do when the two project's look safer). Is start using cash to buy back their shares. I said that Black Butte and Tushukudu should be optimally debt funded to lift IRR.
EPS could also be mightily enhanced by a vigorous share buyback. That has been done a little before.
I thought CMO's SP net of cash is around $2.72/share could show a strong earnings profile.
I agree SFR looks riskier at present however, from my perspective that's where the return lies and these guys have a decent track record.
When will Botswana produce?, page-44
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Last
$8.51 |
Change
-0.140(1.62%) |
Mkt cap ! $3.892B | |||
| Open | High | Low | Value | Volume |
| $8.71 | $8.75 | $8.47 | $29.76M | 3.486M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 42017 | $8.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.55 | 1641 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$8.54 |
Change
-0.140 ( 1.19 %) |
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| Open | High | Low | Volume | ||
| $8.73 | $8.73 | $8.48 | 558895 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| SFR (ASX) Chart |