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Bullboard - Stock Discussion Forum 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... see more

TSXV:SIC - Post Discussion

View:
Post by AlwaysLong683 on Apr 27, 2021 1:39am

Question

How was SIC able to overcome all these alleged hurdles / difficulties when it was issuing press releases on assay results every month in November, December, January, and February? Now, all of a sudden, there's delays in releasing results? You'd think SIC and the lab(s) they use would become better / more efficient at doing assays over time, not less, especially with an additional rig in operation to provide more cores available for assays, thus increasing the chances of hitting a good hole....

In my view, if a junior exploration company receives good assay results, it's hard to imagine they would delay releasing that information because they wish to collect extra data - when the assay results confirmed the grade and length in the November to February time frame, SIC released those results.

My suspicion is SIC's been coming up with unremarkable assay results over the past number of weeks. But who knows: Maybe they've extracted one or more impressive cores lately and will release great assay results in the near future, perhaps imminently......? Time will tell........
Comment by Kewl002 on Apr 27, 2021 2:52am
Historically in the mining industry, you DO NOT issue ANY information about anything while you are in the midst of a capital raise. This one took longer than usual due to the error in ownership percentage of Sprott but that doesn't matter -- you DON"T issue any company information until the deal is closed and the money flows............ it really is simple.  The deal finally closed ...more  
Comment by 95Bearcat on Apr 27, 2021 8:06am
We may not see any results until the May 18 special meeting when Sprott will be accepted as a new Control Person due to exceeding 20% ownership. Plus they may even need some time affterwards.
Comment by likeike on Apr 27, 2021 9:07am
You got it Bearcat. You exceed 20% and no one goes there it really gums things up. We are in essence under a finiancing until the special meeting. So easily avoided if they had not gone over. I do not know anyone else that danced over and now we are across the rules have changed and yet no one knows what they are. Everything will  have to do with disclosure as if ES has intent to really ...more  
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