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Sokoman Minerals Corp. V.SIC

Alternate Symbol(s):  SICNF

Sokoman Minerals Corp. is a discovery-oriented company with projects in Newfoundland & Labrador, Canada. The company's primary focus is its portfolio of gold projects along the Central Newfoundland Gold Belt, and the district scale Fleur de Lys project in northwestern Newfoundland. The company also recently entered into a Strategic Alliance with Benton Resources Inc. through three, large-scale joint-venture properties in Newfoundland


TSXV:SIC - Post by User

Comment by NLMooseon Aug 06, 2020 5:55pm
144 Views
Post# 31375913

RE:RE:Sokoman - "The Black Sheep" of Gold Stocks

RE:RE:Sokoman - "The Black Sheep" of Gold Stocks

Acutally, I don't have all my eggs invested on Sokoman Minerals.

I invested in other gold based companies, including Anaconda Mining and Marathon Gold, and both of their stocks are now at record high levels.

In fact, earlier this year, I invested some money in Anaconda Mining shares trading at between 12.5 and 18 cents a share at the start of the COVID-19 pandemic.

Now they are at 62 cents a share.  After selling 600 of them, I made a whopping five fold profit.  I still have 1,000 of Anaconda's shares left.

Don't be surprised if Anaconda Mining shares reach $2.00 a share or even higher by year.

Even Marathon Gold's shares are at a record high level of $2.50 a share, and could even climb as high as $10.00 a share when the year ends.

Gold futures will go even higher as the economy is in recession or depression (when an economy decreases at least 10% as in the case of USA) levels, COVID-19 causes more uncertainty, companies are losing money, and investors want a safe haven with great returns such as Gold.

While other "Gold Producers and Explorers" have seen record high share levels in order to be in tandem with current Gold Futures, its not the case for Sokoman Minerals even though they are mainly a Gold explorer and producer.

Over the last 20 years, I invested in commodity based stocks, and one thing I observe is that when a specific commodity goes up, the related stocks go up.

 


 

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