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Southern Cross Gold Consolidated Ltd V.SXGC

Alternate Symbol(s):  MWSND

Southern Cross Gold Consolidated Ltd., formerly Mawson Gold Limited, is engaged in exploring for epizonal gold in the Victorian goldfields. The Company operates three exploration projects: Sunday Creek Project, Redcastle Project, and Mount Isa project. The Sunday Creek Project is a shallow orogenic (or epizonal) Fosterville-style deposit located approximately 60 kilometers (km) north of Melbourne and contained within 16,900 hectares (ha) of both granted exploration licenses and one granted retention license. It owns over 1,054.5 ha of freehold land on Sunday Creek that forms the key portion in and around the main drilled area at the project and the land immediately adjacent to the south. The Redcastle Project is located in central Victoria, approximately 120 km north of Melbourne, 45 km east of Bendigo and about 20 km northeast of Heathcote. The Company holds three granted exploration tenements southeast of Cloncurry totaling 387 square kilometers (km2) and a combined strike of 37 km.


TSXV:SXGC - Post by User

Comment by Heywood_Silverson Mar 23, 2022 6:43pm
221 Views
Post# 34539648

RE:RE:Downward Trend

RE:RE:Downward TrendNot certain what you are talking about, not growing a company.  MAW is in the best shape it has ever been in at the same time their share price is at the lowest its ever been.  This phenomenon is called "market distortion" and you can take advantage of it by buying.

I have almost doubled my MAW holdings in the last 3 months since all the other horses have galloped past it.  No worries, once they start losing steam and looking around for what hasn't yet experienced a run-up in price MAW will stick out like a sore thumb!

PS, I did buy a few thousand shares in late 2020, nothing to worry about though.  I see what is coming down the pike and it looks very bright for MAW shareholders.  To quote the Chairman of the Board (M. Hudson) on the prospects of the Victorian Goldfields (Sunday Creek project), "We've got a tiger by the tail".  I look forward to a successful Southern Cross spinout and how the shares can be either utilized to finance Rajapalot and or distributed to shareholders.
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