SXG 0.66% $3.00 southern cross gold ltd

Agree re concerns around debt funding and price of Au (and now...

  1. 112 Posts.
    Agree re concerns around debt funding and price of Au (and now Ag) Grajem12. There are many examples of falling commodity prices killing companies, especially those laden with debt - two recent examples are IXR and WDR in the iron ore space; the coal space is full of them. I'm coming from an SXG holder's perspective - do you add to your investment after years of waiting patiently? From this view, I think the figures stack up, provided you're aware of commodity price and operational risks. Given this is an Australian operation, the commodity price risk is mitigated to a certain extent by the falling AUD, meaning the AUD gold price is likely to be more resilient. Need to get to work now.
 
watchlist Created with Sketch. Add SXG (ASX) to my watchlist
(20min delay)
Last
$3.00
Change
-0.020(0.66%)
Mkt cap ! $565.5M
Open High Low Value Volume
$3.00 $3.05 $3.00 $80.33K 26.63K

Buyers (Bids)

No. Vol. Price($)
1 1500 $2.98
 

Sellers (Offers)

Price($) Vol. No.
$3.01 1100 1
Last trade - 11.09am 29/11/2024 (20 minute delay) ?
SXG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.