SFR 0.39% $8.93 sandfire resources limited

Talk Ya book- Michael McNeilly Metal Tiger re Sandfire, page-26

  1. 3,063 Posts.
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    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.
    Last edited by Cashmeoutside: 12/10/20
 
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