SXG 3.34% $2.89 southern cross gold ltd

With gold booming, one would expect the stock price to remain...

  1. 1,953 Posts.
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    With gold booming, one would expect the stock price to remain firm, or even grow, all else being equal. Instead it has been trashed - but with the exception of delays, I haven't noted any downgrades to potential of the gold deposits.

    I must admit I'm not the best at making sense of reports, but for anyone else who has gone over the reports - is the company having some issues with the gold deposits that I haven't noticed? Meaning they're not as viable as once thought? Or is it the uncertainty regarding how long to hit production that is putting pressure on the price. For someone wanting exposure to gold, one must really consider the opportunity cost of holding SXG, based on its performance (considering promising gold speccies should be steaming along).

    Perhaps the fact they're putting so much focus on iron ore and copper deposits, implicitly suggests the gold deposits are nothing to write home about (thus not worthy of their full attention)?
 
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Last
$2.89
Change
-0.100(3.34%)
Mkt cap ! $565.5M
Open High Low Value Volume
$2.99 $3.05 $2.89 $506.5K 171.2K

Buyers (Bids)

No. Vol. Price($)
1 2040 $2.89
 

Sellers (Offers)

Price($) Vol. No.
$2.93 3233 1
Last trade - 16.10pm 22/11/2024 (20 minute delay) ?
SXG (ASX) Chart
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