a few posters selling, a classic sell the winners, keep the losers?
Why? CGT issues and momentum is your friend
What we fail to see is SFR is the only copper pure play on the ASX now that OZ Min is out.
3.6b is what its worth
Copper price going up
SFR producing 32kt per annum at present
68m per quarter x 4 = 240m against 3.2b (prev) market cap thats a PE of 12!
Pretty low PE when you consider expansion is +50%
So why sell? Why not wait for a signal to sell such as Buy-sell depth (300 to 180 now), or technical pattern (no signs of long term , only short term volatility) or short interest (already at a high and keep going = shorts likely to close by BUYING on market)
Hold on is my opinion, wait for full value realisation
Copper Price Looking Good, page-8
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Last
$8.63 |
Change
-0.120(1.37%) |
Mkt cap ! $3.947B | |||
| Open | High | Low | Value | Volume |
| $8.59 | $8.65 | $8.50 | $24.56M | 2.864M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7001 | $8.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.66 | 9066 | 3 |
View Market Depth
| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| SFR (ASX) Chart |