Kaseymoe
1 년 전
Major change -- a break up of Mawson Gold into three parts.
https://www.digitaljournal.com/pr/news/accesswire/mawson-announces-restructuring-plan-to-split-into-three-separate-companies-to-unlock-shareholder-value
It'll take a second and third reading to digest this and I hope some independent analysis is forthcoming. Share price reaction will be one indication of how it's received.
To mark the share price when this was announced - at 12 noon Central Daylight Time [Oct 31, 2023] in the US the MWSNF share price was 0.262 up 2.49% and MAW on the TSX was 0.36 CDN up 2.9%.
Any statment that begins with "To unlock shareholder value" is of concern. "Pleased to announce" is another worrisome phrase.
The release included this proviso:
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.
So please don't read this in whole or in part if you are in the USA.
It will take a second and third read to digest this breakup of Mawson into three parts - it more or less confirms the loss of interest in the flaship Rajaplot Rompas projct which has received few updates and no timeline to decion on going to production. A lot f time and money has been spend in the Arctic - is this the end game and what's the value received for the expenditure .
Interested to hear any opinions
Kaseymoe
2 년 전
Short interval of 249 g/t gold from step out drllling at Sunday Creek project in Australia.
Mr. Michael Hudson reports:
VANCOUVER, BC / ACCESSWIRE / March 30, 2023 / Mawson Gold Limited ("Mawson" or the "Company") (TSX:MAW) (FRANKFURT:MXR) (OTC PINK:MWSNF) announces results from six further drill holes (SDDSC056-58, 61, 63 and 65) at the Sunday Creek Project in Victoria (Figure 1). Sunday Creek is 100% owned by Southern Cross Gold ("SXG"), which is an ASX listed company owned 51% by Mawson. Four rigs continue to drill both in the main drill area and up to 7.5 km along strike at the Tonstal prospect with 13 holes being processed and analyzed or in progress. Mineralization now extends in the main drill area over 1,350 m from Christina in the far west to SDDSC063.
Noora Ahola, Mawson Interim CEO, states : "We are pleased with the expansive drill campaign being undertaken by SXG at Sunday Creek that is bearing great results. SDDSC061 is the second deepest hole at the property and a 270 m step out below the Rising Sun shoot that intersected 0.3 m @ 249.5 g/t Au within a broader interval and encouragingly sees the system transitioning at depth, with visible gold, in a similar manner to what is observed at other epizonal deposits that are in production in Victoria.
"Also exciting is SDDSC063 that has again extended the mineralized zone to the east of Apollo by a further 200 m with grades of up to 12.2 g/t Au and 3.2% Sb from 26.2 m and beneath a surface trench that previously returned 8.0 m @ 19.6 g/t Au and 0.4% Sb (true width 3 m).
"SXG has successfully increased the size of its main drill area to 1,350 m along strike and 800 m to depth and with the recently mobilized fourth rig at the Tonstal prospect around 7.5 km to the north-east of the main drill area, we expect known mineralization to increase further still at Sunday Creek."
Results Discussion
The Sunday Creek epizonal-style gold project is located 60 km north of Melbourne within 19,365 hectares of granted exploration tenements. SXG is also the freehold landholder of 133 hectares that forms the key portion in and around the drilled area at the Sunday Creek Project.
Sunday Creek has an 11 km mineralized trend that extends beyond the main drill area and is defined by historic workings and soil sampling which is being drill tested for the very first time with the fourth drill rig which mobilized to site just over a week ago.
Full press release: https://www.juniorminingnetwork.com/junior-miner-news/press-releases/846-tsx/maw/138747-mawson-s-subsidiary-sxg-reports-249-5-g-t-gold-over-0-3-metres-in-270-metre-step-out-at-sunday-creek-victoria-australia.html
When will Mawson get to a point of providing a time line to decision on feasibility at Rajaplot? Many years and millions spent there and the horizon to production is still just vaguely "out there". Finland now a member of NATO - that's good for Finland, NATO and Mawson
Kaseymoe
2 년 전
Management change at the top- current CEO,Ivan Fairhold, out and new interim CEO, Ms. Noora Ahola appointed to fill the slot.
Details via company press release.
https://mawsongold.com/news-releases/mawson-announces-ceo-and-director-resignation-and-appointment-of-interim-ceo/
Such things always worded in very polite language so the interested shareholder can tell nothing of the motivation between the resignation and appointment. If this moves things along in Finland I'm for it. The journey with Mawson's Finnish operation stretches many years backward and totally unknown timing in the future. The Australian operations are closer at hand and may produce the revenue to further the Arctic project.
Best to Ms. Ahola - out fate is not in her hands. I like the fact she has long experience with the Rajaplot operation. Just read that Finnish people are the happiest on earth. A good place to chill and prospect for gold and cobalt.
Want another unique project? Niocorp has just moved from OTC to NASDAQ and is still seeking funding for its triple deligeth project in Nebraska USA - Niobium, Scandium, Titanium and three rare earths. New symbol on NASDAQ is NB. That can stand for Niobium - the chemical symbol or Nebraska - the postal abbreviation.
Kaseymoe
2 년 전
Another interview - this with Commodity TV host Jochin Staiger interviewing Mawson CEO Ivan Fairhall. Twelve minutes. First topic is the mag survey findings from Rompan-Rajaplot. Also discussed - new Board member and Southern Cross in Australia.
How long can the good news continue without reaction in share price? . Need to get back to the .30 to .40 USD range and move up from there.
https://www.commodity-tv.com/play/mawson-gold-ceo-insight-on-importance-of-magnetic-survey-pea-coming-in-october-2022/
Host Staiger emphasized that the Mawson market cap is covered by the value in Southern Cross alone. Same point was made in the earlier interview with Gerardo del Real.
Some biographical material on Ivan Fairhall:
Mr. Fairhall is a chartered engineer and mine finance professional with over 15 years of mining industry experience. Most recently he was a Senior Investment Manager at Greenstone Resources, a London based mining private equity fund of US$500m AUM, investing in development stage companies with robust projects that can be funded through to production standalone. Ivan was integral in sourcing, executing and managing a portfolio of Greenstone's investments, which covered the base, precious and bulk commodities across a global mandate. Ivan represented Greenstone both on public company boards and on project level steering groups. Previously he worked in design, construction and commissioning roles, and has considerable experience managing pre-development studies across the commodity and geographic spectrum.
Kaseymoe
2 년 전
Strong interview with CEO Ivan Fairhall and Geraldo del Real of "Resource Stock Digest" where he described Sunday Creek as a "free" asset for Mawson Gold - meaning the value of Sunday Creek alone is equal to the current share price. Buy Mawson for the Finnish project and get Sunday Creek as a bonus with valuation to show up soon in share price. The recent drill results are highlighted.
The link and the whole interview provided in video and text form .
https://resourcestockdigest.com/interviews/mawson-gold-tsx-mawotc-mwsnf-ceo-ivan-fairhall-on-one-of-the-most-undervalued-gold-plays-in-the-space/
The concluding comments after CEO had discussed both Sunday Creek and Rajaplot District:
Gerardo Del Real: {doing the interview} Free gold, free cobalt, exposure to one of the most exciting gold discoveries in Australia. If that doesn't make the case, I don't know what does, folks. I joke about buying winter coats in the summertime. If you're going to be a contrarian in the space, which is how I've been fortunate enough to make the bulk of my money, you have to buy when no one cares. Again, I don't think I can present a more compelling case. Ivan, thank you for your time. Anything to add to that, sir?
Ivan Fairhall: No, I think we've covered it. There's a lot going on, and that's a really great time for people to be taking a lot a look at Mawson.
Kaseymoe
2 년 전
Today's run up probably relates to yesterday's (Aug 10th, 2022) press report of wide and decent intercept at Sunday Creek-
At 11 am CDT Thursday , Aug 11th, MWSNF up 24% to 0.1233. -- not a great share price for a stock that traded between 0.25 and 0.35. two years ago. I have pared down to a minimal holding. Be glad to see it become successful in either or both countries, Finland or Australia. But even $.50 a share won't impact me by much given meager holdings at present.
Time to buy back in or continue to watch and wait? Have been watching and waiting since the play was in Sweden only. Like the "story" but it's time to read of a path to production in the Rajaplot District. Company charts are not even showing "production" anymore - formerly they did make a forecast but for years well in the past. it's been a very long march but exploration money continues to be available.
New corporate presentation dated Aug 2022
https://mawsongold.com/assets/docs/presentations/220810-Mawson-Presentation-.pdf
Mawson is 68% owned by institutions, corporations and insiders. The Corp owners include huge Newmont -glad to see that show of interest. Sprott is one of the institutional owners and insiders own 2.7%.
Kaseymoe
3 년 전
Mawson Gold's Subsidiary Southern Cross completes IPO and is on AustralianStock Exchange
https://www.marketscreener.com/quote/stock/MAWSON-GOLD-LIMITED-1410731/news/Mawson-s-Subsidiary-Southern-Cross-Gold-Lists-on-the-ASX-40467704/
The text:
reports that its majority-owned Australian subsidiary, Southern Cross Gold Ltd ('SXG'), has announced it has closed its initial public offering ('IPO').
Its common shares commenced trading on the Australian Securities Exchange ('ASX') on the 16th of May, 2022.
Takeaways for Mawson Shareholders
SXG has raised A$9.1 million in its IPO, bringing total raised since January 2022 to A$11.8 million
SXG Market capitalization of A$32 million (A$19.2 million for Mawson's 60.3% interest) based on the end of its first day of trading closing price of A$0.205 per share
SXG will focus exploration at Sunday Creek
10 new drill holes have now been sent for assay with results to flow as they are received
Previously reported highlight drill intersections included 21.7 metres @ 4.7g/t gold and 1.0% antimony, and 3.0 metres @ 41.4g/t gold and 12.0% antimony
Strong support of the IPO is an endorsement of SXG's Australian projects and strengthens the asset base of Mawson.
SXG has its own management team, self-funding capability and access to additional capital through its listing on the ASX.
Ivan Fairhall, Mawson CEO, states: 'This successful IPO clearly demonstrates the value created for Mawson shareholders, through careful project identification, skilled exploration effort, and considered capital markets strategizing. The C$17.2 million market cap of our SXG stake equates to over half of Mawson's total market capitalization today, and this helps us shine a light on the value upside potential of our million-ounce gold equivalent inferred resource in Finland - to be articulated with our in-progress PEA and ongoing exploration efforts at Rajapalot and Skelleftea North.
SXG is now well funded for future success in exploring its exciting new discovery portfolio, and Mawson is very pleased to maintain a strategic stake in this business. On behalf of the Board of Mawson, I thank the SXG team for its hard work and congratulate them on this significant achievement.'
About Mawson Gold Limited (TSX:MAW, FRANKFURT:MXR, OTCPINK:MWSNF)
Mawson Gold Limited is an exploration and development company with its flagship Rajapalot gold-cobalt project in Finland now entering technical de-risking stages. Alongside ongoing exploration at Rajapalot, Mawson holds an option to earn up to 85% in the Skelleftea Gold Project in Sweden. Mawson also has a significant majority interest in the ownership or joint venture into three high-grade, historic epizonal goldfields covering 470 km-2 in Victoria, Australia, through Southern Cross Gold Ltd, which has successfully listed on the ASX. Mawson's 60.3% ownership interest in Southern Cross is escrowed until May 16, 2024.
About Southern Cross Gold Ltd (ASX:SXG)
Southern Cross Gold holds the 100%-owned Sunday Creek project in Victoria and Mt Isa project in Queensland, the Redcastle and Whroo joint ventures in Victoria, Australia, and a strategic 10% holding in the ASX listed Nagambie Resources Limited (ASX:NAG) which grants it a Right of First Refusal over a 3,300 square kilometre tenement package held by NAG in Victoria.
Kaseymoe
3 년 전
Mawson seeks funding for Aussie spin-out
TSX-listed Mawson Gold has followed through on its plans to spin-out its Australian assets onto the Australian Securities Exchange in order to focus on its Scandinavian interests, including its flagship Rajapalot gold-cobalt project in Finland.
https://www.miningnews.net/capital-markets/news/1429870/mawson-seeks-funding-for-aussie-spin-out
from the article:
The Vancouver-based Mawson is looking to raise A$8-10 million at 20c to set Southern Cross Gold free, topping up a starting $2.2 million cash position.
The company isn't looking towards the Southern Cross goldfields in the west, but to the east, where its primary focus is on its 100%-owned Sunday Creek tenements in Victoria.
It also has the Redcastle and Whroo joint ventures where it is earning 70% from Nagambie Resources, in which it owns 10%, a first right of refusal over 3300sq.km tenement package held by Nagambie, all in Victoria, and tenure in Queensland's polymetallic Mt Isa region.
The company has spent around $6 million to date, but with its gaze increasingly focused on the Northern Lights of the Arctic circle, it has decided its tenure under the Southern Cross needs a dedicated focus.
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What to read into that move? Do one thing well might apply here.
Not sure what it implies for Rajaplot/Rompas. Focus is on them then it's on Aussie Gold then back to Finland.
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Is anybody here?? Is there another more active Board for Mawson?
.
Kaseymoe
3 년 전
News of a partner, Nagambie, on the Australian gold project at the Balaclava Hill mine in Victoria
https://themarketherald.com.au/nagambie-resources-asxnag-jv-partners-delivers-encouraging-drill-results-2022-02-18/
The Finnish project is taking years to even come to a resource estimate.The Australia endeavors may outpace Rajaplot. Def an easier jurisdiction to operate inand closer to home.
From the article:
"Under the JV with Nagambie, Mawson Gold is earning up to a 60 or 70 per cent interest in the Whroo JV Property.
So far, it has spent $400,000 on exploration and paid NAG $100,000 for a zero per cent interest. To earn a 25 per cent interest, it will spend a further $500,000 on exploration and pay Nagambie another $50,000 in cash before December 2, 2022."
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