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Bullboard - Stock Discussion Forum Search Minerals Inc V.SMY

Alternate Symbol(s):  SHCMF

Search Minerals Inc. is a Canada-based mineral exploration company that is focused on acquiring, exploring, and evaluating mineral resource properties. The Company's projects include Deep Fox Resource, Foxtrot Resource, Fox Meadow Prospect, Silver Fox Prospect and Red Wine REE District. The Deep Fox Resource is located approximately two-kilometer (km) northeast of the port of St. Lewis on the... see more

TSXV:SMY - Post Discussion

Search Minerals Inc > Like the stock and the Space
View:
Post by Wizzard on Sep 28, 2021 6:58pm

Like the stock and the Space

However not for the life of me can i take a position, the shares outstanding is crazy, and if they were to advance this at this price the dilution of addition shares would be quite significant. It seems most likely a reverse split makes just too much sense, 3-1, 5-1, 10-1. For longs it has zero impact on shareholder value but lessons the dilution further out. it just tends to a more credible play and i think it would see more investors jump in, if the reverse split plays out which seems logical, i would probably be interested in a spec play but otherwise ill just watch, good luck from the rock, heading to Labrador for 2 weeks on monday,,,  ESKER BOUND..
Comment by Dariusz on Oct 03, 2021 7:34am
With Search being so active and with their plans being so agressivley aimed at getting to the production stage there is 1% chance for a reverse split. It makes zero sense. A reverse split would turn off existing investors as well as any potential ones as is the case in most similar cases. Search has a moderate amount of shares out and definatelly not a 'crazy' amount. Even accounting for ...more  
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