SBS 0.00% 2.9¢ sub-sahara resources nl

re: payday finch, page-10

  1. 7,486 Posts.
    lightbulb Created with Sketch. 515
    re: wrx geez tinky winky Cant argue with yr numbers wrx. Thats what Im waiting for.

    Tech supports 7.2, 6.3

    Tech resis 8.2, 9, 12(prime), 15, 22, 33(floodgates)

    Fair value now IMO should be in 15-22 range pending clarity.

    Breakout thru 33 into blue later in K-C commodities supercycle in paper burn could see them multiples higher, but they gotta be producing.

    Happy to keep accumulating on dips until market sees some real sense.

    In my trading portfolio of select emerging junior golden Olympians (only have 4 atm) to keep the core radiant Ark company, cos I believe we should have some golden insurances against paper burn looking a little ahead.

    The real bucks are made when u ignore the daytrades and seek fair value versus market backdrop.

    Risks are obvious .... boredom, sovereign and spiv factor the main ..... but am very comfortable atm these are not major and have over-killed the fair value ........ hence providing buying opportunity for mine.

    Asmara and other assets have been around for billions of years and aint gonna disappear now. Sure looks like a major play which is likely to end up Eritrea's major asset ..... and we've already seen the gov angle for a better deal ahead of developments, so reckon everybody will be happy.

    Boys are obviously fighting to secure best deal poss for shareholders. So cut them some slack or bale out so better buying opportunity is presented for the supporters looking for more firesales.

    This business is all about risk/reward and fair value. The battle lines have been drawn and its a matter of time to see how it turns out. And plenty waiting on the sidelines to jump aboard on good news inc me at only half core eachway atm.

    IMBOOC

 
watchlist Created with Sketch. Add SBS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.