While it is completely understandable for the market to take a...

While it is completely understandable for the market to take a cautious approach with SFX following the STA debacle, I believe it has resulted in a major anomaly in the price discovery function of the market.

This is currently being exacerbated by the presence of our little friends offering 3m shares at $0.55 over the last week.

I agree with @AccountCracker, the market wants to see confirmation of production numbers broadly in line with the BFS assumptions for Q1 CY24 (Q3 FY24) before giving the stock the long overdue price re-rating it has deserved for some time now.

In the meantime, confirmation of Kimberley Port Authority government regulatory approvals and the subsequent first bulk shipment will also assist in providing additional investor comfort.

I tend to feel the same way as @Franpower, there are very few opportunities in the market that provide the same risk/reward metrics as SFX does right now at $0.52 per share.