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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 May 22, 2021 11:12am
147 Views
Post# 33253882

RE:New Found Intercepts 146.2 g/t Au over 25.6m

RE:New Found Intercepts 146.2 g/t Au over 25.6mHowestreetbull, it sure was a wild ride in the markets yesterday. NFG released amazing results, just take a look at the press release and visible gold in the cores. They opened for trading with 30 minutes left in the day and traded close to a million shares, closing at $10.86. Speculators ran aftter LAB and NFLD gold driving them to new all-time highs over $1, but speculation didn't quite stop there as people jumped on the price of SKYG the last 30 minutes to close at $0.20, bid $0.195 on aboiut 1.5 M shares. Is this the start of something good, or just plain old speculation based on the area play developing around NFG. No doubt the cheaper plays may be getting more and more expensive as players sell portions of their higher priced stocks and leverage down in to cheaper plays. Just think about it, if one sold only 1,000 shares of NFG yesterday at $10, they can leverage down and buy 50,000 shares of SKYG, at $0.20 simply put, this is how leveraged exponential profits occur. Ask yourself what is the downside (likely low), but what is the upside, likely explosive if SKYG finds anything. The trickle down of money from higher priced companies in an area play generally supports and moves the prices of lower shares in the same area. SKYG has money, has Sprott, and can drill right next to NFG. Who knows, but one thing for certain, it is a fun game when everyone is winning. Let's not forget, SKYG has a great property also contiguous to the south of Labrador Gold Corp.'s Kingsway property, where drilling is active on the Big Vein target. And lastly, they are getting ready to drill their Evening Star property in Nevada.
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