SXG southern cross gold ltd
Add to My Watchlist 0.00% ! $3.45

The deal with TRY will seal soon.We will have @ 1.3m oz Au.What...

  1. richrichie
    3,394 Posts.
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    25/10/12
    20:58
    Post #: 10912787
    The deal with TRY will seal soon.

    We will have @ 1.3m oz Au.

    What will push the share price up will be securing a debt funding deal for $25m +/-$5m.

    Securing this will see SXG like DRM transition from gold explorer to gold producer with cash flows and a low CAPEX and a payback period of 12 months at a gold price of $A1,600.

    Longer term plans for SXG is to divest its copper interest.

    But given SXG having a market cap of only $20m, could well be a takeover target by RMS.

    Other suitors could NST who is looking for acquisitions.
    SXG Price at posting: 4.9¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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