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1.92%

$3.18 southern cross gold ltd

Expecting $1.50, page-20

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603 Posts.

34

01/03/24

11:39

Post #: 72691609
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Originally posted by Budweiser54: ↑

Hi RalphyBoy - if you are expecting a $1.50 SP then you may have to consider this.

In May this year 90 million SXG shares will be released from escrow to MAW shareholders. This will take the number of ordinary shares from about 184 million to 274 million. If the current Market Capital for SXG stays the same ($105 million) then each share will be watered down by about the corresponding increase in ordinary shares - same pie but smaller slices

Great news for MAW shareholders though

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Check your numbers you are way out in everything you say!!

SXG Price at posting: $1.28 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last $3.18		Change 0.060(1.92%)		Mkt cap ! $631.0M

Open	High	Low	Value	Volume
$3.25	$3.25	$3.15	$369.0K	114.8K

Buyers (Bids)

No.	Vol.	Price($)
1	516	$3.18

Sellers (Offers)

Price($)	Vol.	No.
$3.24	195	1

View Market Depth

No.	Vol.	Price($)
1	2500	3.170
1	1000	3.160
1	63	3.150
1	3056	3.120
3	2020	3.100

Price($)	Vol.	No.
3.240	195	1
3.250	4791	3
3.300	2803	2
3.340	434	1
3.350	6000	1

Last trade - 16.10pm 01/11/2024 (20 minute delay)

SXG (ASX) Chart