Hello all,
I have taken a position here at $0.30 and will look to add further depending on how things track medium to longer term.
Looking forward to tapping into the shared wealth of knowledge amongst holders and contributors in this forum!
Having held SFR in my super fund for a few years now (which has done quite well), I have been intending to acquire greater direct copper producer exposure; A1M seems to represent one of the few prospective growth plays in Australia for this at the moment. I did a short-term trade on the stock in 2024 but always held a longer-term view of the company.
It is interesting to note the entry of Hawke's Point in this stock - taking a quick look at a few prior examples where they have been substantially involved in ASX-listed resource exploration companies (at the time of initial entry):
Rox Resources:Substantial holder notice in or around March 2021:
Corresponding price chart action since the sub-holder notice:
Ora Banda Mining:Hawke's point were already a substantial holder as at mid-2019:
Price chart over the past 5 years:
Capricorn Metals:Initial substantial holder notice in March 2017:
Corresponding price chart since that substantial holder notice:
Most interesting - there seems to be some consistency of approach of taking substantial positions early in explorers building up discoveries and holding long while those companies transition towards production - are they seeing real potential for significant exploration upside and resource expansion through ongoing drilling in the Elouise / Jericho precinct (which will dove-tail nicely into the development plans already underway at the mine including the Jericho link drive)?
Very best to all shareholders.
(20min delay)