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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

Post by lifegoesonon Jul 20, 2020 3:38pm
144 Views
Post# 31292136

Strong buying today....

Strong buying today....SKYG has already traded 2 M shares today, looks like a new buyer  has decided this is where they want to accumulate a position. As Newfoundgold get closer to raising $30M plus and trading in the Public markets, logically along with that will come several drill rigs expanding on their discovery hole. I wonder if people in this financing are also starting to buy SKYG, it make sense, why not own a junior that is well funded ($2M) and adjacent to Newfoundgold's property. It could be a double hit for anyone who builds a position. Talk of them going Public is circulating in the investing community in Atlantic Canada (a couple friends of mine mentioned it), which will likely result in  more people watching. Nova Scotia for example has many gold mines in the past, one in particular was Beaverdam, there are also gold mines being developed today. Anyways, accumulation continues and the available stock gets smaller and smaller, going to be a great summer.... if the price of gold runs higher as Trump runs the US into the ground, this can only be good for the fundamental pricing of SKYG.
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