This video touches on an important point - which is that with the current SP SFR would be crazy to use script to do any M&A. So how do they resolve this? One way is by publishing these studies on T3/A4 and Degrussa gold 2.0 and highlighting to the market the value proposition. The other option is doing a buyback.
With Degrussa spinning circa A$250m net cash per year for the next two years and a ~A$300m war chest in the bank... I wouldn’t be surprised if the buyback option is explored. Perhaps something significant like A$100m. Get the script up over $7 then they can get active.
Talk Ya book- Michael McNeilly Metal Tiger re Sandfire, page-26
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Last
$9.06 |
Change
0.170(1.91%) |
Mkt cap ! $4.066B | |||
| Open | High | Low | Value | Volume |
| $9.09 | $9.11 | $8.99 | $1.322M | 145.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 4511 | $9.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.06 | 1524 | 5 |
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| Last trade - 10.19am 13/09/2024 (20 minute delay) ? |
| SFR (ASX) Chart |