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“Promising drill results from China had made Southwestern a high flier among the junior gold companies trading on the Toronto Stock Exchange. In early 2004, the company’s shares were worth more than $21 dollars each. Yesterday, they plunged on the TSX, leaving the company with a market value of $130-million.
Resource-focused fund manager Sprott Asset Management Inc., is Southwestern’s second-largest shareholder, according to data from Bloomberg News, owning more than three million shares or roughly 7 per cent of the company.”
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