SFG 33.3% 0.4¢ seafarms group limited

Ann: SFG Former Subsidiary CO2 Australia Update, page-45

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  1. 151 Posts.
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    Stash that is by far the most positive thing you have had to say about SFG ever! They must have worked their magic with you today.
    I have bought more at 7.0 and 6.9 cents in last couple of weeks, basically rectifying the dilution that occurred with last raise at 9 cents so good for me I waited a bit. I completely agree with @trent172 post on 1/2/20 in the other thread. I suspect they have options on the table but are trying to get better ones. Current market cap of $140mill seems too low with everything that has been done. I'm really hoping there will not be further SFG dilution, but a sale of equity in PSD as the next step. If they can sell 30-50% of PSD for $100mill, and borrow the rest, the share price immediately doubles and then some. Qld operations must be worth $40 million. We are all wishing we took profits at 17 cents but who is to know. It could be announced any day. I can't believe they will let another year/dry season pass us by without a final funding plan.
 
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