Surprise Suprise, History Repeats Itself Again At Sokoman While Sokoman Minerals has reported great results, it seems that history has repeated itself again as their shares have dropped nearly 50% of its peak value.
"The company said best results from the drilling program included 18.6 grams per tonne of gold over 4.7 meters and 5.7 gpt of gold over 9.5 meters, though many of the assays showed much lower grades,
"As with most high-grade gold systems, variability of mineralization and gold grades are expected. We are eager to test holes to at least twice the current depth, to a 400-m vertical level, and our next phase of drilling will be our most aggressive program to date. The Phase 6, 10,000 m program, will be focused on testing the continuity of the zones, and deeper targets, while extending the strike length in 25-50 m increments," chief executive Tim Froude said in a release.
The company is awaiting permits for the Phase 6 program, which it expects to begin next month."
18.6 grams per tonne is an impressive result, and investors should be happy about it.
With Sokoman Minerals stock experiencing big dives inspite great results and discoveries, history has repeated itself again as investors are punishing the stock as opposed to rewarding it.
Surprise, surprise, history repeats itself at Sokoman.
Time for Tim Froude to be fired from Sokoman and replaced with a leadership whom will take this company to new heights and capitalize on the gold surge as it won't last forever.