News

The coronavirus-induced market meltdown is creating buying opportunities everywhere, especially among base metals companies.

The coronavirus-induced market meltdown is creating buying opportunities everywhere, especially among base metals companies. None more so than mid-tier copper-gold miner Sandfire Resources (ASX: SFR), whose shares plumbed 5-year lows of $4.48 this week. In show of confidence in the mid-tier miner’s ability to bounce back strongly from the current malaise, Sandfire chief executive Karl Simich shelled out $226,395 earlier this week to top up his holding to the tune of 50,000 shares.

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Strandline Resources has made big progress towards developing its two key mineral sands projects over the past year. But like so many other companies in this phase, its share price has not reflected the growing value of its assets. However, this could be about to change dramatically, according to rash of new analysts’ reports just published. Strandline has been nominated by no fewer than four prominent broking houses as a stock that is set to rise sharply over coming months.

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