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Fosterville South Exploration Ltd V.FSX


Primary Symbol: FSXLF

Metals & Mining Gold
Fosterville South Exploration Ltd. is a Canada-based company, which is engaged in the acquisition, exploration, and development of mineral properties in Australia. The Company’s properties include Lauriston Gold Project, Golden Mountain Project, Moormbool Project, Providence Project, Walhalla Gold Belt Project, and Beechworth Project. The Lauriston Gold Project is located in the central part of the State of Victoria, Australia. The Golden Mountain Project is located in the central part of the State of Victoria, Australia, situated approximately 150 kilometers (km) northeast of Melbourne. The Moormbool Project area consists of three granted licenses such as EL006280, EL006913, and EL007193. The Providence Project consists of one license, EL007052 that covers the Reedy Creek goldfield and the Big Ben prospect area. The Walhalla Gold Belt Project has one granted tenement and seven tenement applications. The Beechworth Project is located in Victoria, Australia.


OTCQX:FSXLF - Post by User

Fosterville South Exploration Ltd > wtf! is going on with this thing?!
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Comment by Kn0wNothingon Aug 12, 2020 5:43pm
195 Views
Post# 31400450

RE:RE:RE:RE:RE:wtf! is going on with this thing?!

RE:RE:RE:RE:RE:wtf! is going on with this thing?!percuniam
I question why,.as a respected member of these boards, you are saying this..
FSX  has only had its public quote since the begining of April. So a mere four months. That really is no time at all for what amounts to a start up exploration company. In an ideal scenario, if things go really well, it is likely to take 4-5 years for the FSX story to run it's course. Not four months. If things do not go well, it will be as a result of poor news from the drilling programme. But again that would probably be 18-24 months off. I question what you expected when you bought in. You clearly had shorter time horizons in mind than I did. 
Quoting a CS5.30 SP peak is a little misleading. When the SP reached its C£5.30 peak there was a very thin market. Liquidity was poor and the SP had run away as a result. The company recognised this and so, this was in part the reason, why FSX had the second placement which allowed for a more balanced and representative market in the company's shares. 
Your decision. Sorry to see you go.
LOL to all
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