Check out SFR , great Cu grades so far.
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Check out SFR , great Cu grades so far.
Hmmmm, 100m shares or in the money options means a market cap of around $55m.
Seems a bit excessive in this market, given the limited nature of the drilling to date. Market cap is in the same ballpark as Discovery and Intrepid (after cash at bank is taken out).
Maybe some day this will be warranted, but I think the market is getting a bit ahead of itself right now.
Good ann today with massive potential within their permits. Could be more out there but...... DYOR
And it's having a rise again today. This one is all over the place and must be good for a trader.
Discl: Hold SFR
Not looking to offload Ponda? Trader having a field day but this stock is looking a bit lopsided in the short term but big upside potential in the LT.
Soulman,
Always looking to offload LOL, but my order isn't even on the screen yet, so it's got a looonnngggg way to go before I'm out but it's alwys fun watching it go up.
It's funny how these things go. Silver Swan yesterday issued a very encouraging drilling report prior to the market opening. SWN had closed at 36c the prior day. I was looking to buy in around 41c on the open but got blown out of the water, with the stock opening around 49c. It then traded lower and lower, and finished the week a cent lower than its pre-announcement price.
Luckily for me, I pulled my bid after missing so badly on the open.
http://www.asx.com.au/asx/statistics...idsId=00961505
8m at 27% (that's right TWENTY SEVEN PERCENT) copper.
Oooooh, I'm feeling ill......
http://www.asx.com.au/asx/statistics...idsId=00969675