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Business Description: Sandfire Resources NL (SFR) is a mining company which explores and develops the DeGrussa Copper-Gold Project in Western Australia, as well as a portfolio of base metal, iron ore, manganese and gold projects.
Strategy Analysis: SFR commenced copper production following construction of a copper mine at its DeGrussa project in Western Australia. It also intends to continue its exploration programs with a vision of continuing to develop a high quality resource base in a number of strategic commodities including: copper; manganese; lead-zinc-silver; iron ore; and gold.
Sandfire Resources reported positive cash flow of $30.96m for quarter ended 31 December 2012. Operating cash flow for the period was $57.94m. Payments for exploration and evaluation were $(8.6m). Investing cash flow was $(21.33m). Financing cash flow was $(5.65m). Cash in hand at the end of the quarter was $114.8m.
A property trust allows you to buy 'units' in an investment operated by a professional investment manager. This Guide will help you understand the risks and decide whether to invest your money.
The Age 20/05/2013 |
It is getting virtually impossible to find an expert who believes global equity markets are a risky place to invest. As markets on all continents grind higher and higher, the bears are in danger of becoming extinct and the Winston Churchill "voice in the wilderness" warning us of the troubles ahead seems to have departed the scene. When everyone is in agreement, we should start to get a little worried.
The Age 20/05/2013 |
Tiger Australia has continued to narrow its losses due to stronger returns from fares and is operating without restrictions from air-safety authorities.
The Age 20/05/2013 |
When it comes to forecasting the economy - and thereby the budget balance - the econocrats of the Reserve Bank and Treasury are on a hiding to nothing.
The Age 20/05/2013 |
Markets ought to be about competition. To quote historian Niall Ferguson, they should ensure the survival of the fittest, not the fattest.
The Age 20/05/2013 |
Investment bank Morgan Stanley Smith Barney is being sued after losing more than $5 million from the super accounts of two private clients with a series of "aggressive, highly speculative and high-risk" trades using derivatives and share options.
Sydney Morning Herald 20/05/2013 |
It is getting virtually impossible to find an expert who believes global equity markets are a risky place to invest. As markets on all continents grind higher and higher, the bears are in danger of becoming extinct and the Winston Churchill "voice in the wilderness" warning us of the troubles ahead seems to have departed the scene. When everyone is in agreement, we should start to get a little worried.
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