Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 Apr 02, 2024 7:35pm
86 Views
Post# 35966475

RE:RE:Hell Yaaaa.....

RE:RE:Hell Yaaaa.....SXG website indicates it is a two day trading halt.  That is VERY strange for the usual and ordinary occurrenc within the junior resource sector of issuing shares to raise capital.  Now, it could be that shares are being issued to a major (Agnico maybe?) who is taking a strategic stake in SXG which would cause immense upwards pressure in the share price and totally justify a trading halt.

For a similar comparison, WRN saw its share price jump over 70% in a 10 day span when RIO took a strategic stake in the company a few years ago.

Let's see what happens.  If it is a run-of-the-mill capital raise (why the trading halt?) I can't complain as it makes total sense to raise explorationg funding and strike when the iron is hot so to speak.  Just think how horrible it would've been to raise capital back when this was trading around 30 cents USD about a year ago!!

<< Previous
Bullboard Posts
Next >>