Australia's largest stock trading and investment forum Australia's #1 stock forum

SFR

Click for more information

1.08%

$9.40 sandfire resources limited

This same risk applies to all mines in Europe, or at least all...

First 44 Last

Share
Profile

Follow
squeef

2,523 Posts.

137

08/03/22

12:05

Post #: 60055784
Share

Originally posted by brucesterfer: ↑

I don't think it's declining based on the margin compression but rather the scenario where they receive no gas at all which would halt mining activities at MATSA.

SFR would be liable for the FV of their hedges on expiry and with no offsetting commodity sales, the MTM value could be significant.

No one knows how far it could go - what if all EU / Russian copper is closed down? How much supply is removed from market and what would that do to the Cu price? Just look what's happening to Nickel, for instance. It would obviously be great for Cu price but potentially disastrous for SFR being fully exposed to a Cu squeeze with contracts to settle and no production. Similar thing happened to airlines over Covid.

The good news is we have geographical diversification with De Grussa production, so will be hedged for this year at least...but in the event we had to shut in MATSA, the drain would be significant.

Expand

This same risk applies to all mines in Europe, or at least all gas fed enterprises...are they all sliding?

SFR Price at posting: $5.71 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 16 more messages in this thread...

First 44 Last

Add SFR (ASX) to my watchlist

(20min delay)
Last $9.40		Change 0.100(1.08%)		Mkt cap ! $4.299B

Open	High	Low	Value	Volume
$9.29	$9.44	$9.25	$9.503M	1.014M

Buyers (Bids)

No.	Vol.	Price($)
3	8157	$9.36

Sellers (Offers)

Price($)	Vol.	No.
$9.40	3930	1

View Market Depth

No.	Vol.	Price($)
1	4162	9.330
1	7837	9.300
2	3500	9.260
1	275	9.200
2	1020	9.150

Price($)	Vol.	No.
9.490	3500	2
9.500	57	1
9.580	1000	1
9.590	1000	1
9.600	4086	2

Last trade - 16.10pm 03/05/2024 (20 minute delay)


Last $9.40			Change 0.100 ( 1.31 %)
Open	High		Low	Volume
$9.25	$9.43		$9.25	322019
Last updated 15.59pm 03/05/2024 ?

SFR (ASX) Chart