Sitka Gold Corp V.SIG

Update

[looking4details]

A little better today, TLS over?.....Hopefully......Had a good call with management today, speculation by some on this board has been confirmed, some warrants were exercised, taking us to around $1.5 million in cash/receivables.
 

Not sure the market is giving their latest reports the respect deserved, but seemed excited about 2021.

It appears some of the "headwinds" may finally be turning to "tailwinds", but I guess the market will ultimately tell us where we belong.  I believe we still have four drill holes from the OGI property.  With silver prices starting to rise a bit, could be a nice little Christmas present (I forgot to ask when to expect them).   Sector wide, things seem to be picking up the past couple days.

[givemeabreak1]

look4 I am not sure why you keep saying cash and receivable.  This is a development stage company the important number especially during a drilling campaign is the payables and any payable due to a related party not receivables!  A development stage company does not produce or sell anything so the only receivables they ever have is typically a tax rebate and they often only come annually

[looking4details]

To be honest, I asked the company how much cash they have and that is what they told me.  My best guess is options or warrants, I just wanted to be as accurate as possible, so I just parroted what they told me.  As far as payables, I agree, exploration company's create value by spending money (drilling/samples), but currently there is no drilling going on to my knowledge, so the burn

[givemeabreak1]

looking 4 I am not sure what you expected the company to say when you gave them a figure and they said ya around that lol!  The company reported working capital of 1.4 million about 4 weeks ago...To say there is no drilling going on so the burn rate is foolish!  Burn rate is a trailing number!  Their financials just came out recently but they were the quarter ending September 30th.&

[givemeabreak1]

That should say drilling started late September not December!

[givemeabreak1]

Looking4 You missed the whole point of my post which comes from blind love of a stock by a retail investor!  Take the blinders off and read what i said.  It is not negative but rather inconclusive.  In other words alot of unknows!  I will use your example and then apply it to my post.  So you say 100m at .82 is pretty good.  Now if you read my post you will note I

[looking4details]

Givemeabrek1 just to so we are straight, I take nothing what you say about me or about Sitka personally.  I do not consider you a basher or malicious, if anything I'm trying to understand your opinion to see if there are any holes in my reasoning.  That being said, I don't recall ever trying to insult you or ask you to leave the board.  If anything, I'm inclined to see