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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

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Post by 1rockit on Jun 17, 2021 7:56am

$$ ;

Gold down another 30 + dallars. Ouch !
Comment by surething1111 on Jun 17, 2021 8:05am
Rock, sorry to hear But we all must go with what makes us comfortable. I have a feeling that our party is just getting started, but that's just me. Gold price decline will be a short lived event, and my senses tell me we have some very nice assays just around corner. Best of luck S
Comment by NLMoose on Jun 17, 2021 8:47am
I think the gold price decline will be shortlived as treasuries and bonds are not a reliable investment in the long run and here's why. Unlike your savings, chequing, mortgage, or high interest bank accounts which use compound interest, bonds and treasuries use simple interest which will harm you during times of hyperinflation. In addition, unlike your typical bank account or mortgage ...more  
Comment by 666999 on Jun 17, 2021 9:26am
It was expected gold to retreat, it had nice run up, and dont forget it was predicted that price will go up in second half of this year, this is healthy pull back and price is still high, miners have really nice margins, as for SIC, this should be high grade property and grade is king, price of gold isnt important for SIC, but drill results are, hold on and dont let short term swings impact on you ...more  
Comment by StockDoc60 on Jun 17, 2021 9:46am
SIC getting hammered the most in NL gold sector this morning . Guess drill results are needed soon to stem the tide Get those  results out there Tim .Don't sit on them !! 
Comment by winr88 on Jun 17, 2021 10:21am
I'm guessing Tim is waiting for enough drill results to report on perhaps 6 holes. If he has only one or two I agree to wait for a multiple hole report which will have much better impact on the SP.
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