From The Australian yesterday:
"Mineral sands explorer Sheffield Resources (SFX) is seen rising from 69c to $1.58.
This may be helped by what another firm, Foster Stockbroking, sees as an indicator of positive news for
mineral sands prices. On Wednesday, World Titanium Resources (WTR) -- the former Bondi Mining -- rose 45.4 per cent on news that China's Sichuan Lomon Titanium would stump up the required $US300 million ($288m) to develop WTR's Ranobe project in Madagascar.
Foster said the move was seen as "even more striking (considering) that it is a Chinese partner given the recent market concerns over China's crackdown on speculative property investment and how that may be negative for zircon pricing".
On the back of this, Foster put out a note on Friday giving Iluka Resources (ILU) a $12.65 a share price target. The stock closed at $9.20."
http://www.theaustralian.com.au/business/opinion/very-savage-economy-masked-by-resources-boom/story-fnciihm9-1226604568599
From The Australian yesterday:"Mineral sands explorer Sheffield...
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Mkt cap ! $59.32M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5040 | 15.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 74866 | 2 |
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