Post by
Heywood_Silvers on Jan 18, 2024 10:01pm
Updated investor presentation & my thoughts.....
Presentation shows a map of SXG's Victorian Goldfields holdings. The two neighbouring mines are Costerfield & Fosterville. Mandalay Resources owns Costerfield, but the big one (Fosterville) is owned by Agnico. Agnico is considered the premiere gold producer globally (not by size but by management quality). I am thinking that SXG just might have a long term suitor already shaping up right in their own backyard and it is none other than the one major (Agnico) who would always be on my short list of preferred suitors.
Next steps are to complete the SXG spinoff and keep adding lucrative drill holes to what should be a stellar maiden PEA at some point in the not too distant future.
Comment by
NativeInvestor on Jan 27, 2024 7:03pm
What are your thoughts about the SXG spinoff? Will Mawson shareholders be compensated fairly? Best way to purchase SXG? You were right about Finland. A $39million write off. But against what? If there isn't any income there doesn't seem to be much value in a write off. Pretty much gave it away.