SXG 2.42% $2.96 southern cross gold ltd

Nice wrap, page-26

  1. 112 Posts.
    Thanks emanon and mjshackl.

    Another hurdle jumped today with the equity raising achieving $1.5mill of the required $2mill; pretty confident professional investors and management will commit to the additional $500k to meet this condition.

    Emanon - the numbers in my scenario only attributed a value to the Wonawinta asset; no SXG assets, either projects or cash. I was just trying to say to CCU holders, you would be much better off buying SXG shares today at 1.2c, with far less risk, than if had you supported a recapitalisation of CCU earlier this year.

    If you believe in precious metals and you value the experience of the SXG team, SXG is a screaming buy.
 
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