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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 Jan 14, 2025 8:38pm
51 Views
Post# 36404207

RE:RE:RE:RE:RE:Numbers

RE:RE:RE:RE:RE:NumbersTrue, chapter 2 starts tomorrow.  We have a tighter share count and a clean slate with only one flagship project with 100% attention.

PS  I heard back from Mawson, the estimated FMV of the SUA Holdings on the distribution date was 10 cents CAD or 7 cents USD.  This implies, based upon the last trading day for MAW prior to the reorganization & share distribution, that 10% of the FMV of Mawson was due to SUA and 90% was due to the SXG holdings.  Ergo, the resulting cost basis breakout of your shares should be 90% allocated to SXG and 10% allocated to SUA.

I asked the corporate secretary if she could post something at the Mawson website so that shareholders who need to correct their basis with their brokers have some documentation for such.  For shareholders with small holdings they probably don't need to bother, but in case you have a sizable share count it makes sense to get your shares in order.

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