Another hurdle jumped today with the equity raising achieving $1.5mill of the required $2mill; pretty confident professional investors and management will commit to the additional $500k to meet this condition.
Emanon - the numbers in my scenario only attributed a value to the Wonawinta asset; no SXG assets, either projects or cash. I was just trying to say to CCU holders, you would be much better off buying SXG shares today at 1.2c, with far less risk, than if had you supported a recapitalisation of CCU earlier this year.
If you believe in precious metals and you value the experience of the SXG team, SXG is a screaming buy.
SXG Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
