SFX 1.47% 33.5¢ sheffield resources limited

The Australian Newspaper - Thunderbird is GO for Sheffield, page-64

  1. 5,173 Posts.
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    I agree 13th, good post.

    I've had SFX on my watch-list for over a year, waiting... waiting..... and watching for any news, both good and bad.

    I pulled the trigger for an initial buy when it went below 40 cents, but that low didn't last long enough.

    I thought I'd get the opportunity to buy another tranche or two in the mid 30s, but I don't expect that to play out now, because it bounced back hard. I'd be surprised if it went below 40 cents again, but I could be wrong, there are a lot of things in play with SFX at the moment.

    The mineral sands sector is looking ok though, at least according to the larger minerals sands miners, and the good analysts have them as a buy. I'm not sure how the USA/China trade war is going to affect this though, it's hard to predict.

    The sellers are drying up with this stock, and it could surge quickly, just on that basis alone. And if one of the majors come in and take 30% for a wadge of cash, then SFX are made. Here's hoping the gods are on our side in 2019, fingers crossed, but as we all know, the god's can be crazy (at times).

    Gw
 
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