SXG 2.42% $2.96 southern cross gold ltd

Zaaac,POL's major shareholders will receive the majority of...

  1. 4,579 Posts.
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    Zaaac,

    POL's major shareholders will receive the majority of these "in specie" free shares.
    SXG's share price has performed well above most expectations considering the timing of its listing and the market in general.

    I dare say some smaller POL investors who will receive these free SXG shares might well take the profit and share it with the tax dept, and this will test the SXG share price.
    One would think that we wouldn't need to see many sold to have some affect on the share price.
    My understanding is the likes of SXG's majors - Western Areas,Polaris, Heron Resources and Lion, along with the other top 20, is that they are keen to hold for longer term, as it appears that SXG's potential for both gold and nickel sulphide is worth the ride.
 
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