SFR sandfire resources limited

Goldman Sachs misinformed?

  1. 1,614 Posts.
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    I've been reading a dozen or so Analyst Research notes on SFR from end of August 2020 and all but Goldman Sachs have varying degrees of positivity towards SFR and have accordingly awarded target prices of between $5 and $10.41. Goldman Sachs have a target of $4.6...

    Then on reading the GS Research Note by Paul D Young he makes some (ill-informed?) comments on A4 suggesting a 'higher grade underground' deposit whereas anyone seriously following SFR would have seen the last presentation which clearly mentions 'high-grade vein hosted copper intersected in many holes at shallow depth' which obviously indicates an open pit mine for starters. There may be good stuff under that but no-one that I know in the market has that information.

    What's his game?

    https://hotcopper.com.au/data/attachments/2526/2526601-971a7d37e37d2251cc192ecc56e3b2d5.jpg

    Last edited by BrassTacks1: 03/10/20
 
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Last
$12.47
Change
0.080(0.65%)
Mkt cap ! $5.725B
Open High Low Value Volume
$12.49 $12.54 $12.35 $14.32M 1.148M

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No. Vol. Price($)
1 50 $12.45
 

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Price($) Vol. No.
$12.48 303 1
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