SCX southern cross exploration nl

$2m market cap, $6m profit !!!, page-2

  1. winnetwo
    1,491 Posts.
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    29/12/05
    05:54
    Post #: 1295222
    I am not sure that I really understand what all this means; but for a company with just under 100m shares it appears to be a rather nice earner - IF it actually converts into real cash. Is it just financial paper shuffling? Does the company have only $19,000 cash left in its coffers?

    However I like the look of its activities and bought some SCXCA and keep my fingers crossed that management has some credence.

    W2
    SCX Price at posting: 0.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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