The share price doesn’t reflect this at the moment, but Seafield Resources (SFF, TSX-V) is a stronger company now than it was earlier this year with new President and CEO Cesar Lopez at the helm. Lopez took over in early May and since then, among other initiatives, he has ramped up the company’s exploration efforts and has also recruited some key personnel. In addition, Lopez has put his money where his mouth is and has bought a significant amount of SFF stock in the open market. Interestingly, Seafield at 21 cents is now trading right at important support, as John’s chart shows below, and it’s also just a penny-and-a-half above its rising 1,000 day moving average (SMA) which it has managed to stay above since late 2009. The company was sitting on $18 million in cash at the end of June. Its Quinchia Project in Colombia has multi-million ounce potential.
