SXG southern cross gold ltd
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possible takeover target

  1. richrichie
    3,394 Posts.
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    21/06/14
    17:55
    Post #: 13555238
    Market cap $7.99m
    Cash $4.3m
    EV = $3.69m

    NGF is undergoing a takeover for BAB for under $30m, if that fails. Word is NGF is one of the interested parties for EVN's Southern Cross operations. The idea is to combine the operations and attract synergies. But if NGF fails to acquire at least 50.1% of BAB, then SXG is a likely option given its proximity to EVN's Southern Cross operations.

    NGF is likely to acquire Edna May + Holleton projects (Southern Cross).
    http://www.evolutionmining.com.au/framework/documents/displaydocument.asp?doc=667
    SXG Price at posting: 0.9¢ Sentiment: None Disclosure: Unspecified
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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