When I opened my Fidelity a/c's this am in the news feed was this bulletin..'On September 28, 2022 Macquarie Group initiated coverage for SANDFIRE RESOURCES ORD SHS with an OUTPERFORM recommendation.'
There was no price target or anything but I thought I would post for what it is worth.
Also after reading thru the Annual Report I feel the Botswana resource is promising beyond Motheo and hopefully this will be born out over time. They certainly have a large tenement to explore. Botswana is anxious to diversify from its primary export, Diamonds, and seems to be on board with what the company is doing.
Also I notice 'transportation' is a big cost at MATSA so I wonder if those costs will decrease as other miners have said this cost is on the decline. I have a full position here at 1% of my total portfolio so not adding but consider this to be a core holding for me. GLTA Bea
SFR Price at posting:
$3.73 Sentiment: Hold Disclosure: Held
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