Ann: Second Shipment of Zircon Concentrate, page-39

Hey Franpower. SFX is like the hotel California... you can check out any time you like, but you can never leave (for large holders)

Obviously they can, and Colonial did in a spectacular dump in early 2020 but below 10c most of their investment was left behind. Colonial was dismayed at yet another failure by old Bruce to find a dance partner, which to be fair could have been because TB simply wasn't good enough, maybe even a datal flaw.

Many risks and reasons why SFX is trading below theoretical value, including liquidity risk. Maybe the risks this seller worries about is macro, maybe sector, maybe project, maybe portfolio diversification... the important thing you note is if they worried about real and present risk concerns they wouldn't be playing out time to generate a buyer, they'd be doing a Colonial.

I've said it a long time ago... unfortunately SFX with it's JV design and Chinese partner in the unloved min sand sector, tainted again by STA liars and disaster, SFX will probably, rightly, always have a heavy discount. That's markets... SFX price will rise when ramp up is proven, but it will probably always trade at a discount for liquidity and other risks (real or perceived) imho.

GLTAH