Fundamental/Technical Opinion on NIC & SFR
“Hi MM, Can I please have a technical and fundamental opinion on NIC and SFR?” - Thank you Aaron W.
The Latest Q&A
Answer
Morning Aaron,
NIC – like much of the sector this company has run fairly hard making the risk / reward difficult, we would look to accumulate slowly into pullbacks, a similar view to our thoughts around the whole Resources Sector.
SFR – we covered this Copper and gold business last week and there’s no change : “Sandfire Resources (SFR) has been a disappointing performer for years, largely because they have a mine with a short lifespan, and they’ve had some operational issues. While it regularly bounces strongly, we would rather invest in the sector / space through the quality end of town i.e. OZ Minerals (OZL).”
MM is neutral SFR
Add To Hit List
