SXG

1.92%

$3.18 southern cross gold ltd

interesting post to ponder Nortalk. if SXG keep hitting high...

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crab hunter

341 Posts.

96

12/09/23

05:32

Post #: 69818915
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Originally posted by Nortalk: ↑

The situation where Mawson owns 51% of Southern Cross is quite unusual, especially if future results point towards Sunday Creek becoming a significant mine. I can't remember any other situation where a junior explorer on the TSX-V had controlling interest in a significant mine prospect owned by another company.

If drilling continues to be successful then it might bring an odd situation where any mining company that wants to buy Sunday Creek would need to buy both SXG and MAW. Meanwhile, Mawson is a company with really one driving asset being their shares in Southern Cross. Mawson shareholders probably won't want them to raise funds to work on their Finland prospects as the share value is dominated by SXG. Mawson shareholder might prefer them to raise funds to maintain 51% of SXG.

Wondering if we might see a spinoff reversal in the future where Southern Cross and Mawson become one company again. I know, this probably has never happened but given the odd circumstance I wonder if it would be the best outcome for both companies. If drilling outlines what looks to be a future mine then it would make selling it much simpler. Just putting this idea out there for discussion. I haven't given it too much thought so please refrain from aiming shotguns at me please

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interesting post to ponder Nortalk. if SXG keep hitting high grades we may see some corporate reshuffling happen. Maybe MAW would sell off some to a farmin partner.

SXG Price at posting: 77.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last $3.18		Change 0.060(1.92%)		Mkt cap ! $631.0M

Open	High	Low	Value	Volume
$3.25	$3.25	$3.15	$369.0K	114.8K

Buyers (Bids)

No.	Vol.	Price($)
1	516	$3.18

Sellers (Offers)

Price($)	Vol.	No.
$3.24	195	1

View Market Depth

No.	Vol.	Price($)
1	516	3.180
2	3076	3.170
2	1576	3.160
2	176	3.150
1	3056	3.120

Price($)	Vol.	No.
3.240	195	1
3.250	4791	3
3.260	576	1
3.270	31	1
3.290	200	1

Last trade - 16.10pm 01/11/2024 (20 minute delay)

SXG (ASX) Chart

interesting post to ponder Nortalk. if SXG keep hitting high...

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

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interesting post to ponder Nortalk. if SXG keep hitting high...

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