Post by
AlwaysLong683 on Oct 27, 2022 4:40pm
Cheap Options and Warrants Exercised....?
SIC Financial Statements as at June 30, 2021
(can be found on SEDAR as mentioned):
Weighted Average Number of Common Shares Outstanding:
June 30, 2021: 143M
June 30, 2021: 204M
Increase of 42% in one year.
And people wonder why the share price remains so "cheap"...?
Comment by
AlwaysLong683 on Oct 27, 2022 4:42pm
Correction to two typos from initial post: SIC Financial Statements as at June 30, 2022 (can be found on SEDAR as mentioned): Weighted Average Number of Common Shares Outstanding: June 30, 2021: 143M June 30, 2022: 204M Increase of 42% in one year. And people wonder why the share price remains so "cheap"...?
Comment by
Maxmoe on Oct 27, 2022 9:07pm
If "people" don't understand exploration companies have to raise money to drill and even keep the lights on, "people" should only buy revenue and profit generating companies. And sell all their juniors like sic. By the way I think they also did a flowthru deal at 40 cents which is a sensible way to reduce dilution a little.
Comment by
geezer21 on Oct 27, 2022 10:15pm
People buy explorers because discovered mineral assets can have great value and marketable to miners to replace their depleting mineral resources that they need to keep their sunk hundreds of millions in operations going and producing a return on those capital investments.