"@FranpowerI agree, unlikely Bruce and the board would be focussed on new growth projects and site visits to the Brazil asset if there was any sniff of issues with Thunderbird.
I think this is very positive for SFX and the potential making of a new substantial industry player".
I concur totally with your @BaliHai, & Franpower's, above prescient observations.
The new investment by SFX in Capital Metals is almost a certain indicator that SFX are very happy with the ramping up of Thunderbird going to DFS & nameplate expectations. If they were not, it would be extremely unwise, & counterintuitive, to invest in other ventures/ "distractions".
I am, however, bemused as to why SFS has only risen from 55c to 56.5c now, following yesterday's Announcement. On the strong fundamentals, it should be trading, IMO, at 60C+ now.
Ann: Investment in Capital Metals Plc, page-28
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Last
36.0¢ |
Change
0.030(9.09%) |
Mkt cap ! $141.5M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 36.0¢ | 33.0¢ | $277.9K | 813.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5671 | 35.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 73319 | 5 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
36.0¢ |
Change
0.030 ( 7.17 %) |
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| Open | High | Low | Volume | ||
| 33.5¢ | 36.0¢ | 33.5¢ | 244144 | ||
| Last updated 15.18pm 04/06/2024 ? | |||||
| SFX (ASX) Chart |