Australia's largest stock trading and investment forum Australia's #1 stock forum

SXG

Click for more information

2.42%

$2.96 southern cross gold ltd

Miningmad, there still appears to be a pre condition to new...

First 18 Last

Share
Profile

Follow
Grajem12

366 Posts.

23

10/09/14

10:40

Post #: 13951607
Share

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.

Expand

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
Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

AXP

Tambourah chases gold veins and mineralisation extension with drilling

There are more pages in this discussion • 12 more messages in this thread...

First 18 Last

Add SXG (ASX) to my watchlist

(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

Last trade - 16.10pm 25/11/2024 (20 minute delay)

SXG (ASX) Chart

SPONSORED BY