This video touches on an important point - which is that with the current SP SFR would be crazy to use script to do any M&A. So how do they resolve this? One way is by publishing these studies on T3/A4 and Degrussa gold 2.0 and highlighting to the market the value proposition. The other option is doing a buyback.
With Degrussa spinning circa A$250m net cash per year for the next two years and a ~A$300m war chest in the bank... I wouldn’t be surprised if the buyback option is explored. Perhaps something significant like A$100m. Get the script up over $7 then they can get active.
Talk Ya book- Michael McNeilly Metal Tiger re Sandfire, page-26
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SFR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$10.50 |
Change
0.070(0.67%) |
Mkt cap ! $4.813B | |||
| Open | High | Low | Value | Volume |
| $10.77 | $10.78 | $10.44 | $18.13M | 1.718M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8696 | $10.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.51 | 2164 | 2 |
View Market Depth
| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| SFR (ASX) Chart |