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SFR, SANDFIRE RESOURCES NL
nipper
post Posted: Feb 8 2019, 07:13 AM
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In Reply To: blacksheep's post @ Nov 9 2017, 07:27 PM

QUOTE
It is no secret that acquisitions are set to be on the agenda for Sandfire Resources, but there is a growing belief that the most likely targets are Metals X and Panoramic Resources.

Sandfire’s market value is $1.19 billion, but Metals X is worth $251 million and Panoramic $232m so both would easily be within its grasp..............
https://www.theaustralian.com.au/business/d...1e2070550f6f54e



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Nov 9 2017, 07:27 PM
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Recent Bloomberg article on copper - http://www.mining.com/web/copper-traders-m...s-future-metal/

And, FWIW, a recent upgrade by Credit Suisse
QUOTE
Credit Suisse has upped its outlook on copper prices as the market continues to strengthen.

It now forecasts copper to average US$2.65/lb in 2018, up from a prior forecast of US$2.05/lb.

Copper prices have firmed from $3.09 per pound to $3.15 over the past few trading sessions.

Prices have risen by around 50% over the past year against a strengthening global economic outlook as well as expectations that copper will see rising demand from electric cars.

On the supply side, long-term geological scarcity is also a bullish factor for prices.

Credit Suisse named Australian miners OZ Minerals and Sandfire Resources as some of the likely beneficiaries of copper`s buoyancy, raising its price target on the two miners.

Read more: Credit Suisse raises copper price target | Capital.com

https://capital.com/credit-suisse-raises-copper-price-target
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
backlog
post Posted: Jul 31 2015, 04:45 PM
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On fundamentals this is starting to look pretty good:

https://simplywall.st/ASX:SFR/sandfire-resources-nl

 
balance
post Posted: Jul 24 2013, 03:32 AM
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In Reply To: mullokintyre's post @ Jul 12 2012, 08:39 PM

I have read that OZL will offload its holding here to help finance the purchase of rio's North Parkes mine



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Day Trader: Lowest form of life in the known universe.
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I'm 29.
The cheque is in the mail.
 
mullokintyre
post Posted: Jul 12 2012, 08:39 PM
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Sandfire is ripe for takeover says bloomberg.
Get on it.!


http://www.bloomberg.com/news/2012-07-11/s...t-real-m-a.html

Mick



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Said 'Thanks' for this post: nipper  
 
nipper
post Posted: Feb 21 2012, 11:57 AM
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from 'speccie' to producer

It is easy to lose track of the scale of what is happening, in resources development, when things are reduced to 3 letter codes, and abstractions.

Sandfire SFR have an announcement out 17 Feb - DeGrussa Project pictorial update . well worth a look; photo on p11 - that's a small town they have built.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 


acd
post Posted: Aug 3 2011, 03:41 PM
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In Reply To: acd's post @ Aug 2 2011, 05:11 PM

.......ooops!!!!
acd



 
acd
post Posted: Aug 2 2011, 05:11 PM
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In Reply To: macduffy's post @ Nov 30 2010, 08:56 AM

Looks like we might hit their price target tomorrow, where to next?

acd

 
macduffy
post Posted: Nov 30 2010, 08:56 AM
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A little bit late in the day, perhaps, but UBS initiates coverage of SFR with a Buy recommendation!

"SFR - SANDFIRE RESOURCES NL UBS rates SFR as Buy - Initiation of Coverage (1) - The broker has initiated coverage on the stock with a Buy rating, reflecting a positive view on near-term production and exploration upside as the company develops the DeGrussa project in Western Australia.

The project's open pit operations should produce around 39kt of copper, while the broker expects the underground operations will produce around 64kt of copper and 74koz of gold annually.

Price target is set at the broker's valuation of $8.70.

Target price is $8.70 Current Price is $7.22 Difference: $1.48 If SFR meets the UBS target it will return approximately 20% (excluding dividends, fees and charges).

The company's fiscal year ends in June. UBS forecasts a full year FY11 dividend of 0.00 cents and EPS of 1.00 cents .

At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 722.00. Market Sentiment: 1.0 "





 
macduffy
post Posted: Nov 29 2010, 06:15 PM
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In Reply To: err's post @ Nov 29 2010, 04:53 PM

With 19.7% of SFR, OZL are in a pretty strong position to at least share in what should be a very successful company.

While I don't see SFR falling completely into OZL's clutches in the short to medium term, I don't see OZL being prepared to give up its stake. Stalemate on the takeover front is therefore likely meanwhile but OZL have shown that they are prepared to be patient in spending their cash. Of course, someone else might bid for SFR!

cool.gif

 
 


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