Sitka Gold Corp V.SIG

RE:RE:RE:and there is the reason for the relentless selling

[Homerunhitter99]

I agree looking4details. I’ve been burned in the past and now I put extra emphasis on the team steering the ship. I have no reason to doubt management is doing everything they can to build value in Sitka. It’s easy to see they own a good chunk of shares outstanding and that always helps align management’s efforts with the rest of us shareholders. If anything this financing should allow us to really understand the potential these different properties have or don’t have. 

I don’t think Stint20 actually reads the news releases before he splashes his deep insight across this board. If he did he would see this is clearly not the same group that was involved with prior financings - this is a completely new ball game with a lead order from an institutional investor. 

It’s about time Sitka got on the radar of the institutional players. I think this could be a game changer moving forward. When institutions buy in many others will take notice. Of course I wish they were doing this at a higher price with less dilution but the gold trade has been terrible lately with crypto and marijuana stealing the headlines again (luckily I’m also long both those sectors). The fact they are raising a significant chunk of change in the current market environment is actually pretty impressive.  

The statements I’m reading that the downward price movement of the past few months was some sort of concerted ploy to finance at a low price point is ridiculous. Look at some other Junior graphs and anyone can see they all look the same except for a very few outliers. Are they all trying to suppress their share price so they can finance? Give me a break. Plus, why in the world would management with significant share holdings want to dilute the float any more than necessary? They are sitting on millions of shares so it’s a kick to their portfolio just as much if not more than it is for the average retail investor. 

Financings are rarely an easy pill to swallow... however I am glad Sitka will have the funds to do some serious work this year. You can’t create value by sitting on the sidelines hoping and waiting for market conditions to improve. That’s a fool’s game. 

Time. Is. Money. Let’s get those drills turning!

Someone once told me, find the good story with good management and find it early, accumulate shares, monitor progress, and be patient.  It was five years ago this weekend I found a good story while reading one day in a company called Tweed, because they signed a deal with a guy name Snoop Dogg. I never heard of this little Canadian company before. The name got changed and now it's called Canopy I'm currently sitting one a large share count, with a 20 bagger on it, and in three or four years that's likely going to be a 50 -70 bag.  Time and patience, with good management.

Like this story here, Im here early, and love the management.  Accumulate more I will.

GLTA

looking4details wrote:

I have a fairly long checklist that I go through before I invest and continue to keep my money in.  The most important one for me, is trusting management.  Why would anyone invest in any company if they don't trust the people in charge?   Another thing important to me, is insider ownership.  To my knowledge, no insider has ever sold a share during the company's existence.  

To prove we have gold, silver, zinc and copper in our various properties, we need money to drill.  We have money, we have several targets, now it is time to find out if we have the "goods".  I expect to get some answers either way this year and I still believe, so I continue to keep my chips on the table and still feel good about it.