SXG 2.42% $2.96 southern cross gold ltd

Ann: Proposed Name Change and Share Consolidation, page-8

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  1. 21 Posts.
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    The money saved servicing small shareholders will be relatively small.

    They will save less than $10,000 per general meeting for printing costs and postage.

    Security registry charges will be less than $1,000 per month different.

    ASX fees are based on market capitalisation, so the total cash flow effect will be less than ($30,000) pa.

    If it helps SXG get noticed by more investors, this is probably much more cost effective than paying a broker to do research or doing an international roadshow or presenting at a conference.
 
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