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Sky Gold Corp. SRKZF


Primary Symbol: V.SKYG

Sky Gold Corp is an exploration-stage company operating in Canada and the United States. It is engaged in the process of exploring and developing its resource properties. The company's projects are primarily gold and nickel properties located in Ontario, Newfoundland and Nevada.


TSXV:SKYG - Post by User

Comment by lifegoesonon Sep 01, 2020 9:30am
117 Views
Post# 31485573

RE:NFG $2

RE:NFG $2 Maurisurfboy..... great to see NFG touch $2 this early in the cycle. SKYG has traded about 39.5 M shares since July 31, but what is most important is that the trading range has been very narrow, within pennies of $0.19 on either side. SKYG has less than 60 M shares, of which over 20 M shares are due to the last PP at $0.10 when they raised $2 M. This can mean a couple of things, but the most probable is due to the lack of news, combined with the progress of NFG (raising capital and drilling now), has brought investors to these plays without a great price appreciation. Players like Eric Sprott has also brought a significant group of speculators who play near him and want to be like him. I think there has been selling to raise capital, also people are probably cashing up to exercise warrants and options, thus bringing  more money into SKYG without further dilution. Once over $0.20 with news, we should move to a new all time high, how high is the question, I guess we shall all see.
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