With SGC at 2.9 cent and XST at 0.5 cent the market caps are almost the same but the assets that they own are not . Usually the Operator of the assets is expected to trade at a premium after taking into account joint venture percentages and assets and cash outside the joint venture .
Compare ADN / MEP or STX / WGO .
This is not the case with SGC and XST . I am not sure what is the reason but it won't stay that way for ever. Maybe the quarterlies will unravel it.
SGC Price at posting:
2.8¢ Sentiment: None Disclosure: Not Held
