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Bullboard - Stock Discussion Forum Sonoro Energy Ltd. SNVFF


Primary Symbol: V.SNV

Sonoro Energy Ltd. is a Canada-based oil and gas company. The Company is focused on oil and gas exploration and production in Canada and abroad, including the Middle East/North Africa (MENA) region, southeast Asia, and southeast Europe. The Company holds a 70% working interest in a proven Waseca channel heavy oil resource fairway, which consists of 1,840-acre contiguous oil field located in the... see more

TSXV:SNV - Post Discussion

Sonoro Energy Ltd. > Confusing
View:
Post by Jimmy1page on Dec 21, 2023 4:05pm

Confusing

Stock drops 5.2% total??. That makes no sense
Comment by MJB4231 on Dec 21, 2023 4:58pm
I'm guessing warrant holders trying to sell and pay for their warrants. Post Jan 2 I think SP will be un capped
Comment by StratCap on Dec 21, 2023 5:45pm
Jan 2 will be the "Use them or Lose them" date. Choppy waters until that date comes and goes. On the flip side we sure have alot of things to look forward to.  GLTA .
Comment by ark88 on Dec 21, 2023 6:03pm
Well, if they don't use them then I'm sure the company will issue another PP at a higher price which will mean less dilution. Wouldn't that be nice even if it's unlikely. As we see the share count increase so does the market cap. The companies value is increasing just not the share price. Looks like the market is looking for more substantial news. Be patient it's coming. GLTA!
Comment by copperplay on Dec 21, 2023 6:12pm
To me as soon as Sarah puts in her $340,000 will signal go time and I certainly would add to my stack and know others would too 
Comment by copperplay on Dec 22, 2023 9:28am
next week we move closer and closer to Jan 2 deadline and maybe they are timing a blockbuster press which I hope so and if so SNV should be at 20-25 cents next Friday GLTA
Comment by StratCap on Dec 21, 2023 6:41pm
Im thinking the .12 warrants get called next at some point after January 2nd and maybe after a couple juicy news releases. Follow the breadcrumb trail.  GLTA.
Comment by ark88 on Dec 21, 2023 7:03pm
They will and they better as we'll need the funds for the next couple wells. Frankly, I'm a bit surprised that more warrants haven't been exercised to date. We can see the insider filings but the share count seems out of date. I'd really would like to see a clear strategy for all 5 wells that we need to complete to earn the farm in agreement. It's critical that management can ...more  
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