SFG

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Funding Stage 1a PSD, page-6

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Skiman4

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12/03/21

09:35

Post #: 51710389
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Originally posted by longreach: ↑

An interesting commentary InDaHood, and it seems that you are not dissimilar to me with your investment strategy - but completely against most financial commentators who recommend diversification with no single asset being such a large proportion of an investment portfolio.
And particularly in view of SFG being speculative at this time.
Strangely I've been comfortable with SFG being a substantially higher proportion of my total investment assets, and am expecting it to be even higher very soon - not that I plan to buy a lot more, but more that I expect it to go through a rerating soon. I do buy a few more from time to time when I feel the urge, but I've already got quite a few million.

I'm very interested to see how things roll out in the next few weeks for Seafarms, firstly hoping to see an announcement of a funding package, and how that is structured.
Once we know that I will revisit my cash flow model, to reassess how I see the company faring in the coming years. At the moment I still can see a final price in excess of $2.00 if everything went perfectly (down from >$3+ as some things have moved negatively in the past 12 months), but the structuring is the key.
In respect of financial modelling and assuming funding is announced in coming weeks I hope that SFG decides to "lift the veil" on its previously completed Feasibility Study. Whilst I understand the need for confidentiality wrt ongoing financial negotiations, its so important going forward (after funding is disclosed) to have the market (and potential future investors) become more aware of the financial prospects for the company.
I have no doubt that the SFG share price would get a considerable boost once investors understand what that future looks like. I can't see that happening from the first day of the announcement though, because of the considerable amount of work that the company needs to undertake to get this show on the road!
In time I'm also looking forward to seeing coverage of the company by a respected broker - many years ago there were a few brokers putting out reports, but the financial community lost interest due to the delays in the plans. Amongst that group I recall Euroz, Moelis and another who's name escapes me at the moment.

Lets hope that funding announcement is just around the next corner . . .

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Hi Longreach

My SMSF also has a very large holding of SFG such that it is the largest single investment in there - a holding I have accumulated over many years now.
I also share the view that funding is not far away at all now.

Anyone that attended the online AGM in December will recall the Chairman's remark that once complete PSD will likely generate an EBITDA of around $1.4billion. This was not a surprise to me based on some earlier back of the envelope calcs I had done.

Even if SFG only ends up with half of the equity in PSD we could easily see a share price north of $2!

SFG Price at posting: 8.9¢ Sentiment: Buy Disclosure: Held
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Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $12.09M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.3¢	$2.672K	1.068M

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No.	Vol.	Price($)
30	27694789	0.2¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
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Price($)	Vol.	No.
0.003	16347915	12
0.004	2824792	10
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Funding Stage 1a PSD, page-6

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Funding Stage 1a PSD, page-6

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