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 > Next moves in FSX share structure (volunteer work)

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Comment by crenshawon May 11, 2021 8:45pm

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Post# 33179984

RE:Next moves in FSX share structure (volunteer work)

Hello savinfamily,

Thank you for the research and this excellent chart. I’d like to clarify your thinking on this. If memory serves, it seems the release of escrow shares on January 14 2021 and April 14 2021 coincided with subsequent FSX share price weakness.

With that in mind, if there is no big FSX news by Oct 14 2021, when almost 3 million shares will be released from escrow, seems it may make sense to lighten up in October in the hopes of buying back much cheaper in the following weeks.

Your thoughts?
P.S.Wonder if there is more selling to come as a result of the April release...

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Mullen Group's Robust Case for Value, Part 1: Less-than-Truckload