rowscoe, I have no doubt this is a winner. POSCO is a big multi national and the size of SFR projects must have impressed them. Also, some funds tend to follow them around. If my hunch is right SFR would see a serious rerating next Tuesday when the funds get in.
Notice the announcement said that 30% of output is sold to POSCO. I can only speculate that the output would be huge otherwise why not swallow the whole lot.
trading halt new issue to significant player, page-14
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Last
$10.30 |
Change
0.010(0.10%) |
Mkt cap ! $4.721B | |||
| Open | High | Low | Value | Volume |
| $10.33 | $10.40 | $10.17 | $14.42M | 1.400M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4824 | $10.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.33 | 5000 | 1 |
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| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| SFR (ASX) Chart |