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Sky Gold Corp. V.SKYG

Alternate Symbol(s):  SRKZF

Sky Gold Corp is an exploration-stage company operating in Canada and the United States. It is engaged in the process of exploring and developing its resource properties. The company's projects are primarily gold and nickel properties located in Ontario, Newfoundland and Nevada.


TSXV:SKYG - Post by User

Comment by lifegoesonon Jul 13, 2020 12:38pm
56 Views
Post# 31260972

RE:SKYG $

RE:SKYG $Mauisurfboy.... you are right, this could be the perfect storm. SKYG has traded 5 M shares in 3 hours and holding price. What is really nice is all of the people buying stock here are positioning before the stock goes higher, they will provide technical support, such that if the price pulls back, they are very likely to average down and add to their positions. Some of the buying is also from people who are averaging up that bought below $0.10 to dramatically leverage their potential of making a lot of money, while also protecting their downside.  I suspect selling is coming from two places, 1) people just plain taking profit since this did come from $0.06 not that long ago and 2) people selling PP stock from $0.05 to raise money to participate at $0.10 (don't blame them, all warrants remain in place for future capital raise). Next stteps will take time but no reason to sell here, close PP, get into the field, use IP technology to identify new targets, drill, get assay back, run price higher, raise capital by exercising warrants without dilution.... the price action during this period will tell you all you need to know.  Like my dad said, "follow the money"... Good Luck
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