The latest broker reports for HFR have been uploaded to their website (linked below).
http://www.highfieldresources.com.au/ResearchReports.html
With price targets of $1.10 (Fosters), $2.40(Numis), & $0.89(GMP), at these levels HFR looks like a screaming buy. With EMR already on board it would be wise to follow the smart money in.
Furthermore if you refer to page 10 in their investor presentation (linked below), you'll notice their transportation costs for Brazil and Europe are a fraction of the cost of the other major Potash players. Resulting in substantially lower all in costs.
http://www.highfieldresources.com.au/pdfs/InvestorPresentation26May14.pdf
I've spent the last 2 weeks searching for a reason not to accumulate more HFR and I just can't find any. It's got a great project, experienced management, smashing PFS, and all-round solid fundamentals.
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- fosters, numis, & gmp bullish post pfs
fosters, numis, & gmp bullish post pfs
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Last
25.8¢ |
Change
-0.023(8.04%) |
Mkt cap ! $113.7M |
Open | High | Low | Value | Volume |
26.5¢ | 26.5¢ | 25.0¢ | $73.16K | 281.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 94625 | 25.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.5¢ | 2000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3448 | 0.290 |
1 | 4000 | 0.285 |
1 | 10000 | 0.280 |
1 | 3703 | 0.270 |
2 | 8846 | 0.260 |
Price($) | Vol. | No. |
---|---|---|
0.320 | 13000 | 1 |
0.325 | 5000 | 1 |
0.335 | 14800 | 1 |
0.340 | 5628 | 1 |
0.350 | 2100 | 1 |
Last trade - 12.57pm 03/12/2024 (20 minute delay) ? |
HFR (ASX) Chart |