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29.5¢ sheffield resources limited

Ann: Thunderbird Construction 85% Complete, page-7

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GIGAChad

4,968 Posts.

870

24/05/23

20:00

Post #: 67946327
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Originally posted by 2ic: ↑

It's a SFX-Yansteel JV committee in charge of TB, ti's a 50:50 JV and both owners doing their best already. SFX probably swings more weight because lot of employees are ex-SFX and of course the project was brought to fruition by SFX. KMS JV has $73M of contingency 'headroom', but $40M of that is just an over-run facility, so more debt. Doubt there will be $60M of cash when they start commissioning. All they need is enough to get through to is positive cashflow. Helped by project loans repayable in 7 year bullet and royalty payments after 7 years, instead of P&M from the get-go which can be a killer if there are problems.
Only post a buy or sell sentiment for a clear and present reason (usually way over/under valued). SFX hasn't been that for a long time, bouncing around this price a long time as predicted. It was a $22M CR in the end, for a cheap growth option but mostly as insurance. Like I pointed out with STA, sometimes plans don;t survive contact with the enemy. Smart move buying insurance now at 50c, only time will tell how whether commissioning goes to plan.

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I think it was smart but just pointing out it wasn’t straight shooting
I suspect there will be one more down the line before first cash

SFX Price at posting: 50.0¢ Sentiment: Hold Disclosure: Not Held
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(20min delay)
Last 29.5¢		Change 0.003(0.85%)		Mkt cap ! $116.4M

Open	High	Low	Value	Volume
29.5¢	30.0¢	29.5¢	$18.61K	62.83K

Buyers (Bids)

No.	Vol.	Price($)
2	8858	29.0¢

Sellers (Offers)

Price($)	Vol.	No.
30.5¢	2068	1

View Market Depth

No.	Vol.	Price($)
2	8858	0.290
3	44491	0.285
6	12830	0.280
1	50000	0.275
1	19000	0.270

Price($)	Vol.	No.
0.305	2068	1
0.310	975596	3
0.320	97149	3
0.330	51540	1
0.335	40000	1

Last trade - 15.37pm 17/10/2024 (20 minute delay)

SFX (ASX) Chart

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