SFG 20.0% 0.2¢ seafarms group limited

Ann: Project Sea Dragon Review Investor Briefing Presentation, page-33

  1. 12,185 Posts.
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    Sure the last published NTA was 2 cents but take in to account this unfolding of the kimono for all to see and they have $41m of liabilities at the half year mark with a lumpy $5m @ 7% in there plus they are cashflow negative so it starts to make 1 cent look a possibility. But you could be right there will always be desperate retail punters and market makers who will play the price and it might stay high up to 2 cents for the near term.

    I don't live in a tree, nor do I feed from them nor do I swing in them....so they don't shake on my behalf. I made my profit a long time ago on SFG never to touch again since for reasons now plain for everyone else to see. The signs were always there.

    Sorry, but life is often unfair and harsh.
 
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