Eldorado (ELD.TO) closed at $11.72 this morning which was a gain of about 3% from previous close. This values SGX at around $7.06
SGX had a great future in China and the expertise they earnt in dealing with Chinese authorities and systems was worth its weight in "gold". SGX has seen $8 before and IMO would easily be a $10 stock if their mine development went according to plan. Not to mention the blue sky due to their Chinese expertise.
I feel we have sold too low.
SGX Price at posting:
$6.70 Sentiment: None Disclosure: Held