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29.5¢ sheffield resources limited

Ann: Quarterly Activities Report, page-17

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nahor87

410 Posts.

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04/02/20

09:20

Post #: 42730168
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Originally posted by Crownjewels ↑

Folks best place to start looking here is at the reason the SP has had a very solid downward trajectory particularly the last few days since the quarterly was released.

Simple reason is they spent over 5 Million in a quarter. And with 10 left in the tin they are have 5 months left of runway. ASX is now getting very tight on ensuring companies have at least 6 months runway. Agree they will be able to raise in the next 2 months but the far greater question here is at what price.......?? Considering the last raise was done at 39 cents on the premise of being "CLOSE" to having a financier and that it would / should be done by EOY, i would think the question is now "Houston do we have a problem"???

Put it this way. ITS NOT GOING UP PRE NEXT CAP RAISE?? . Its just how low will it be?? Thats the only question here isnt it?

Look this is all only my opinion and i may be wrong but the logics tell me otherwise.

Is that a fair summary?? Thanks all?? Interested in feedback here on where this is wrong?

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It's a waiting game, the longer it takes, the lower it goes, the higher the risk, the higher the reward.
We don't know. Have to get out or wait.

SFX Price at posting: 23.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 29.5¢		Change 0.000(0.00%)		Mkt cap ! $116.4M

Open	High	Low	Value	Volume
29.5¢	29.5¢	29.5¢	$920	3.119K

Buyers (Bids)

No.	Vol.	Price($)
3	51523	29.5¢

Sellers (Offers)

Price($)	Vol.	No.
31.0¢	1315	1

View Market Depth

No.	Vol.	Price($)
3	51523	0.295
1	10500	0.285
1	5000	0.280
1	50000	0.275
1	50000	0.265

Price($)	Vol.	No.
0.310	1315	1
0.320	17557	2
0.325	30769	1
0.330	15151	1
0.340	14705	1

Last trade - 10.54am 12/09/2024 (20 minute delay)

SFX (ASX) Chart