SXG 1.99% $2.96 southern cross gold ltd

Hi Sally - hopefully we will continue to see an uptrend in SP....

  1. 521 Posts.
    Hi Sally - hopefully we will continue to see an uptrend in SP. If reporting goes to schedule we should see the next set of drilling results by the end of the week. I expect that they will continue to support SXGs initial estimates of the resource, and hopefully at the higher end. We should also see the first resource estimate in about a month if things go as planned (and hopefully in the vicinity of 100k oz).

    I think there is much more value in this company than the market recognizes at the moment (hmmm, I seem to be saying that about a lot of my holdings lately!). I think getting some what of a non result at Colreavy took a bit of the wind out of its sails, but I think things will recover once Dulcie gets a little further along.

    I'm not sure the extra value of MIN to SXG, but I'm sure it couldn't hurt. It might help moves things along a bit quicker than before, but I think I recall Tony saying that the approval process will probably be the thing impeding progress.

    TT is a Richmond supporter? I didn't know that. I suspect he is using his talents at picking winning tenements rather than footy.
 
watchlist Created with Sketch. Add SXG (ASX) to my watchlist
(20min delay)
Last
$2.96
Change
-0.060(1.99%)
Mkt cap ! $565.5M
Open High Low Value Volume
$3.00 $3.05 $2.96 $142.8K 47.54K

Buyers (Bids)

No. Vol. Price($)
1 409 $2.96
 

Sellers (Offers)

Price($) Vol. No.
$3.00 2037 2
Last trade - 16.10pm 29/11/2024 (20 minute delay) ?
SXG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.