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Southern Cross Gold Ltd V.SXG


Primary Symbol: SXGDF

Southern Cross Gold Ltd is an exploration stage company with a focus on gold exploration in Australia. The Company’s focus is primarily on the exploration and development of its portfolio of exploration projects through its wholly owned subsidiaries, Clonbinane Goldfield Pty Ltd (Clonbinane), Mawson Victoria Pty Ltd (Mawson Victoria) and Mawson Queensland Pty Ltd (Mawson Queensland), which hold rights in the projects, including Sunday Creek Project, Whroo Project, Redcastle Project, and Mt Isa Project. Its flagship project, the 100%-owned Sunday Creek epizonal-style gold project, is located about 60 kilometers (km) north of Melbourne within 19,365 hectares (ha) of granted exploration tenements. The Redcastle Project is located in central Victoria about 120 km north of Melbourne, 45 km east of Bendigo and about 20 km northeast of Heathcote. The Mt Isa Project covers about 861 square kilometers of tenure in the Cloncurry/Mount Isa block in Queensland, over a combined 60 km of strike.


OTCPK:SXGDF - Post by User

Bullboard Posts
Post by ALTOGETHERon May 09, 2012 9:29pm
197 Views
Post# 19892562

Why all the frustration?

Why all the frustration?I've often wondered why people stay in a stock if they are frustrated. What does it cost to "sell" - $10-30 bucks commission? Then if you have a tax loss in Canada you can use it for up to 20 years I believe. Then you can also get yourself into something else you are comfortable with like the poster a couple of posts back felt. It's so simple. People bash, get angry, write things against management, lose sleep, kick their dog, pound pillows, pull out their/others hair, throw "kinipsions" (what my mother often did with me), etc. when it is so easy to sell and get out, roll the dice, and pick another of the thousands of stocks out there. I do believe though, and I've seen it again and again (here it comes), these posters are not all regular shareholders but SHORTERS trying to get people's shares. This is going on more than people know and these boards can sometimes be the biggest means for them to do their work. Nobody can "prove" this decisively just like nobody can prove about management scamming shareholders for "big salaries" (like Dahl said they tend to gain a whole lot more if the stock goes up then the years of salaries they have gotten.) Think about it ........ $150,000/yr x 15 years = $2,250,000 (which is about double what the regular guy makes) so it is about $1,000,000 more over 15 years (plus a lot more tax). BUT 3,000,000 shares (having to have also paid for the warrants) x $20 (major discovery) = 60,000,000. Wouldn't most people be motivated to make a discovery (plus all the pressure of the thousands of shareholders looking to you to do a miracle)? Anyways just some thoughts as always. Feeling a little bored so I like to post sometimes. Not defending or bashing management because I can chose to sell anytime or stick around. I've been a Samex shareholder since 2001.THIS IS NOT INVESTMENT ADVICE. PEOPLE CAN AND WILL MAKE THEIR OWN INVESTMENT DECISIONS. DO YOUR OWN DUE DILIGENCE and DECIDE WHETHER YOU LIKE THE STOCK OR NOT - EVEN AFTER YOU'VE BOUGHT.>
Bullboard Posts