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2.42%

$2.96 southern cross gold ltd

Nice wrap, page-18

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Grajem12

366 Posts.

23

10/09/14

10:40

Post #: 13951607
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Originally posted by miningmad ↑

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.

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Miningmad, there still appears to be a pre condition to new funding on 19 Sept that $AU price of gold is $1300 or higher? I know POG is $1355 but falls of $50+ are always possible. Do you read this still as a pre condition?

SXG Price at posting: 1.2¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last $2.96		Change 0.070(2.42%)		Mkt cap ! $565.5M

Open	High	Low	Value	Volume
$2.95	$3.13	$2.95	$413.9K	136.0K

Buyers (Bids)

No.	Vol.	Price($)
1	468	$2.95

Sellers (Offers)

Price($)	Vol.	No.
$2.96	1170	1

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