Starting a thread on this important dimension to SFR's future.
It owns two quality mining complexes and would dearly love a third to strengthen and balance the business.
Evolution Mining has bought 80% of Northparkes Cu Au mine from China Molybdenum Company for $720m.
The AFR notes SFR was also a bidder: "Evolution defeated Bill Beament and Nev Power’s Metals Acquisition Corp to secure Northparkes, with ASX-listed copper plays Sandfire and Aeris among those that cast an eye over the mine."
SFR was likely a tyre-kicker at this sale. It has debt to repay and a significant capex pipeline, but do not doubt the aggression of BH & team and their ambition to build it into a globally-significant Cu mining enterprise.
This could go the other way, of course. For example, SFR would fold seamlessly into S32 or any number of other big miners.
Watch this space.
Ash
Sandfire Mergers & Acquisitions
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SFR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$8.63 |
Change
0.080(0.94%) |
Mkt cap ! $3.947B | |||
| Open | High | Low | Value | Volume |
| $8.62 | $8.78 | $8.49 | $21.53M | 2.493M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 59482 | $8.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.70 | 2784 | 5 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| SFR (ASX) Chart |