The fact they bought the asset near the top. Even at the time the analysts suggested the price was ‘full’.
I really want to like this company (there’s so few proper copper exposures on the ASX) but after all this time I still can’t get comfortable for why the vendors were so keen to sell what everyone is saying is a world-class copper resource. Perhaps Trafigura, being the clever/smart/sneaky traders they are, saw the early indicators for what was coming.
SFR General Discussion, page-26
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Last
$10.77 |
Change
0.020(0.19%) |
Mkt cap ! $4.926B | |||
| Open | High | Low | Value | Volume |
| $10.51 | $10.77 | $10.41 | $25.33M | 2.384M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $10.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.77 | 11524 | 6 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| SFR (ASX) Chart |