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4.55%

31.5¢ sheffield resources limited

Ann: Quarterly Activities Report, page-157

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WhippedCream

481 Posts.

210

06/02/20

23:40

Post #: 42792326
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Originally posted by WhippedCream: ↑

"Obviously project financing is an issue however if the project is even half as good as it's claimed to be you would expect lots of interest at these levels from mineral sands producers and consumers."

Obviously not, otherwise why the wait, if was in such demand, would already have been financed.

World class project which has slid from around 350 odd mill MC $1.24 down to below 20 cents today. Writing is on the wall mate, either extreme dilution or the project falls over, that simple really.

"they could scale back to a shell of bare admin staff with relatively low ongoing costs." haha yeh what exactly do you consider to be bare admin costs, $700k a QTR bare enough for you? I think this stock is already Bear enough.

IMO you just tried to catch a falling knife, nobody has wanted to touch the project previously, why all of a sudden would you consider it possible in the current market climate.

Good luck

Expand

So around $3.5mill a year just in Salaries

Out of that $3.5million Insiders have only re invested $93,000

Lifestyle directors and management IMO, they don't require this stock to get to Mining, they have already made a mint lol

SFX Price at posting: 20.0¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 31.5¢		Change -0.015(4.55%)		Mkt cap ! $123.8M

Open	High	Low	Value	Volume
33.0¢	33.0¢	31.5¢	$162.6K	504.1K

Buyers (Bids)

No.	Vol.	Price($)
1	16899	31.5¢

Sellers (Offers)

Price($)	Vol.	No.
32.0¢	78502	1

View Market Depth

No.	Vol.	Price($)
1	16899	0.315
1	2200	0.310
1	30000	0.305
3	15180	0.300
2	56949	0.295

Price($)	Vol.	No.
0.320	78502	1
0.350	1000	1
0.385	7700	1
0.395	42000	1
0.420	30000	1

Last trade - 16.10pm 17/07/2024 (20 minute delay)

SFX (ASX) Chart