SOC has been a quiet company for a few years. Many years ago they tried thier hand in the oil and gas sector. Poor drilling results had them regroup and look to the mineral sector for a new opportunity just as every other juinor stock company does.
They closed a property deal in Mexcico. After spending a few bucks on exploration, results did not justify continuing to they have been keeping quiet looking for the right project.
In early 2010 SOC began looking at properties in North/South America and Africa.
Just because they didn't over spend over the past year, doesn't mean they did something wrong. They spent just what was needed to stay public and save the funds so they could be spent on a project. This is what shareholders want.
I agree that tomorrow will be a tough day for SOC shareholders. If it trades low enough, even I will buy more.
The next few weeks should be very interesting.