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clock Created with Sketch. 13/01/20
12:50
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Originally posted by 2ic
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So long as SFX are developers and not producers they will simply continue to burn money. This is the unfortunate reality of nearly all juniors, expenditure increases into and post DFS as management teams and crews on the ground get larger in preparation of the development green light. More CR to fund the expenditure, equals more dilution. Expectations of more CR's drive the share price lower, which becomes self-fulfilling as longterm holders as well as traders try to get out and buy back cheaper later. Tough, tough game repeated across the ASX and over history until one of two things happen.... deal or no deal.
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With a mine life of 40+ years, there is a lot of time to talk turkey. Sfx is sitting on one of the highest grade, largest mineral sand deposits in the world.
(20min delay)