Southern Cross Gold (MWSNF)

[Kaseymoe]

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