RE: RRR's next door: SXG ANN 2024 Annual Report.Thur, 29 Aug 202429 Aug 2024 10:52
SXG Annual Report:
It was too late to mention the other parts in the SXG annual report:
[1] They want to reward "core" investors. I take that to mean the HNW who outnumber the tutes.
[2] SXG said the market appreciate their reporting. Yes, with every ann relating to results, there is an interview.
[3] SXG is not about gold and antimony.
AUSSIE POSTERS:
Only few posts but I could not type out everything but they also discussed from logic that Agnico @Fosterville will run out of ore in 2033. They think Agnico could look to SXG as they are in the district? Posters are also looking at the order book and there was a 1m order. The share price has gone from 20c Aussie to cross $3 mark now. So, 1m share order at $3 or just a bit less is big money. The SXG recent rights issue was A$10m & inc Pierre Lassonde so yes, the people with money are in as seen in the register of shareholders.
AGNICO
I mentioned that Agnico said they have to decide whether they get bigger in Australia or they retreat in one of their reporting. I was not aware of the year Agnico's Fosterville runs out of ore but the Aussies have found out but I have not checked. If, it is 2033, then the countdown has begun as no co can run a business waiting until the 11th hr.
SXG, Sunday Creek.
Even SXG , upon proving up their exploration target of 3moz gold, even this will NOT be enough vs some 8m moz gold at Fosterville. So, with co, they have to do forward planning etc, so no wonder why SXG's A/R last night said REGIONAL survey for 2024. So, there has been a DELAY from earlier.
All above is para phrased. DYOR. NIA. The above are all well known from general principles and relevant as industry news. Thur, 29 Aug 2024.