SFR 0.46% $10.83 sandfire resources limited

split in the board, page-26

  1. 15,276 Posts.
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    royboy888...

    Yes, whilst deep, the grades are pretty good, are likely to pose a simple metallurgy path, and are perfect for an undergound operation...so it should be a money spinner for shareholders, just as long as management don't forget who they are working for.

    It will require smarts though...the wrong people will squander the value before it ever gets realised, either by selling it off cheap, making a mess of the path to mining by over-spending, missmanaging the entire effort...or by simply by diluting existing shareholders to oblivion.

    I hope they do it right, I really do, but talk of management support for an "OZL tilt" give me real reason for concern.

    You watch all the "support" that will be voiced from the media and market types if an OZL play does transpire...this is what they will want...it will be too bad for shareholders though.

    Cheers!

 
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