SXG 0.65% $3.12 southern cross gold ltd

Hold Them or Fold Them - Kenny Rogers, page-12

  1. 3,489 Posts.
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    It's a good thing I don't really care what people think simpleone

    Let me tell you a story about tulip mania. It was the first recorded speculative bubble in history or as we prefer to call them now - a pump and dump - only 17th century style.

    The term tulip mania is used metaphorically to refer to any large economic bubble when asset prices deviate from intrinsic values

    In terms of intrinsic value - you really have to ask yourself if SXG's intrinsic value is worth almost $175 million
    and if it's not - what is it really worth.....instrinsically !

    What words of wisdom for the holders of NAG have you got ?

    I think NAG is worth more than SXG...intrinsically.

    It has a JORC on the way soon
    It has a mining licence
    It has approval for a toll mill
    It has 3300 sq klm of EL in central Victoria which also boasts mines like Fosterville and Costefield
    It has higher average gold and antimony grades than SXG at a shallow depth

    It doesn't have PASS which is also something we never had before

    Does that answer your question Tulipboy



 
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Last
$3.12
Change
0.020(0.65%)
Mkt cap ! $619.1M
Open High Low Value Volume
$3.29 $3.29 $3.10 $929.5K 288.6K

Buyers (Bids)

No. Vol. Price($)
1 684 $3.12
 

Sellers (Offers)

Price($) Vol. No.
$3.20 10000 1
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Last trade - 16.10pm 26/09/2024 (20 minute delay) ?
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