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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

Post by WONDER1STOCKon Nov 18, 2022 2:48pm
222 Views
Post# 35111256

Re re post on spin off

Re re post on spin offMy previous post on spin off is sort of backed up in this post. Looks like Tim also thinks we should do a @ashy2classy From SH... Q&A with IR (Sokoman) I submitted some questions to IR earlier this month: I was told that SIC has two rigs operating at Moosehead (Phase 6), one barge based and one land based. Both rigs are targeting the Eastern trend. I was also told that they are modeling the area around hole 463. Additionally, I was informed that the third rig is currently "on loan' to SIC's lithium property. I was told that they are waiting on the ramaining five holes at the Kraken project. Additionally, it was noted: "There will be more discussions on how to carry forward the Kraken project in the near and long-term future. The sentiment is that spinning out the project would be the best way at the moment to maximize its value for shareholders but the timing will have to be carefully considered." I agree with SIC's approach on the Kraken project as being discussed above. The company has noticed and studied the current market conditions, noting that major players in the Lithium space have seen their market cap slashed considerably since their peak. I could sense some frustration (as we all know) with the on-going waiting time for lab results - especially on Moosehead. Continuous strong results from Moosehead is what is needed to really move the stock. I don't know what the company plans or can do to address this issue (slow lab results).  Goldred off. 
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