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Soma Gold Corp V.SOMA

Alternate Symbol(s):  SMAGF

Soma Gold Corp. is a Canada-based mining company. The Company is focused on gold production and exploration. It is engaged in the business of acquiring, exploring, developing, and operating mining properties in South America. It owns two adjacent mining properties in Antioquia, Colombia with a combined milling capacity of 675 tpd. The Company's principal operation is the El Bagre Gold Mining Complex (El Bagre), which consists of an operating gold processing plant (the El Bagre Mill) and the Cordero underground mine. The El Limon Project (El Limon) is adjacent to the El Bagre Project and includes a past producing underground mine and a gold processing plant with a capacity of approximately 225 tpd. The Company also owns an exploration property, Tucuma Exploration Project (Tucuma) copper/gold exploration project, which is located in the Carajas metallogenic province in the State of Para, Brazil.


TSXV:SOMA - Post by User

Post by tobinator01on Nov 05, 2023 10:50pm
327 Views
Post# 35718711

Soma Gold Chart

Soma Gold ChartSoma has formed a Bullish Flat Top Triange formation.  The long term price objective of this pattern is $0.74 + $(0.74 - 22) = $1.26.  It's very interesting to me that in my previous post that the 3X cash flow multiple places the stock at $1.32.  You rarely see a long term chart pattern and fundamental analysis point to roughly the same price. 

Soma is a thinly traded stock and it will take financial institutions to pile in to get it there.  No matter what, closing over $0.75 will infact light up a strong buy signal.  Whether or not anyone would buy because of it, I don't know but it it would shoot up in to the 80 cent range in short order will give us an answer.


Long Term Soma Chart
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