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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 99942Apophison Mar 23, 2021 8:57am
185 Views
Post# 32856864

RE:magnificent...

RE:magnificent...I applaud your enthusiasm kumutwist, your are ignoring the recent announced placement of a potential 37 million shares being added to bring the share count to roughly 180 million! This additional share count causes dilution to the tune of 26% which is significant, so I see two forces at play here the revaluation of share price by 26% roughly equals 32 cents and also in play is the speculation that continued high grade holes will be reached. Either way caution should be taken as any unexpected failure to hit high grade holes could cause a correction in share price, don't assume success and as the saying goes don't buy what you can't afford to lose! All in my uneducated opinion.
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