I've been invested many years here and just see this period as a depressed market for all the obvious and well documented reasons. Mining stocks struggling globally. It'll pass. Meanwhile the shorts + traders stuck range trading between AUD 5.50 - 6.50.
Plenty of positives with SFR who should in my book be trading between AUD 9-10 in a 'normal' environment.
Meanwhile SFR are spending money on getting production up and running at T3 Motheo in Botswana and this last fortnight have been working back at A4 satellite which is due Enviro and Mining Licences very soon.
Now can anyone with real mining experience tell me what these 10 spots which have appeared on the sat images at A4 over the last fortnight are? I was thinking drill pads which coud be for more exploration, sterilisation of water bore holes - or a mix?
I think they'll be trying to ramp up production to the 5.2 Mtpa (from Expansion DFS) quicker than stated.
SFR Price at posting:
$5.41 Sentiment: Hold Disclosure: Held
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