SXG, SOUTHERN CROSS GOLDFIELDS LIMITED

[Commander C]

In Reply To: TerryA's post @ Apr 23 2009, 03:34 PM

TerryA You still following this stock?

[TerryA]

Greetings,

Not much interest in this Stock in this forum but SXG have just issued a SPP;

http://www.asx.com.au/asxpdf/20090423/pdf/31h6bm5b876k3h.pdf

The issue price will effectively be 7c against the current (23/04) sp of 12c.

I would expect the sp to increase, in small parcels, over the next day or so as investors seek to get on the Register and then to decrease as established small shareholders sell down to fund the SPP.

Given that the Company obviously needs to raise funds, to continue with its current exploration and development plans, I think it has done very well by its smaller shareholders, of which I am one, by this SPP.

regards,

TerryA

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Recent ShareScene.com Radio Broadcast (02/07/2008 12:30:00):
SXG - Company Overview and Exploration Update - Mr Tony Truelove, Managing Director

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