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 > It's wrong to blame World King News

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Comment by TheWiserhoodon Sep 10, 2020 11:55am

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Post# 31533487

RE:It's wrong to blame World King News

Agreed. There is a lot of volume for this stock today as we are getting close to 600K shares traded. The only thing that makes sense to me for the drop in share price is that the stock is being diluted by the exercise of the initial warrants at $1.10 per share.

FSX released very good drill results from Golden Mountain on Sept. 3rd, yet the stock has fallen from there, which to me means the delusion of shares from these warrants.

I'm no expert, this is just a retired guy trying to make sense of this. I'm sure there are other factors involved, but we have to remember this is a Venture, and we have to ride the "V"

Peace.

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