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Bullboard - Stock Discussion Forum
Soma Gold Corp
V.SOMA
Alternate Symbol(s):
SMAGF
Metals & Mining
Gold
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), a copper/gold exploration project, which is located in the Carajas metallogenic province in the State of Para, Brazil. Its exploration projects include the Nechi Project, the Zara Project, and the Otu Project.
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Bullboard (TSXV:SOMA)
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(16)
•••
jonggua
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Post by
jonggua
on Jan 23, 2023 6:38am
dividend next year possible?
was this in asking management yourself?
(7)
•••
ThelastSilverR
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Comment by
ThelastSilverR
on Jan 23, 2023 4:40am
RE:RE:About us text changed
Thanks nice insight! All tonnes comes from the Cordero deposit/mine this year, right? They want to start up the El Limon mill later this year, but that's another story. They will only start
...more
Bitcoin-Backed LQWD Technologies Lightning Network Infrastructure Surpasses One Million Global Transactions
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Since deploying LQWD's Bitcoin Lightning Network strategy in November 2021, the Company's transaction infrastructure continues to experience strong growth with exponential growth in 2024. From January 1, 2024, to October 31, 2024 LQWD facilitated approximately 643,000 transactions, compared to approximately 112,900 transactions for the same period in 2023. ...read more
(114)
•••
tobinator01
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Comment by
tobinator01
on Jan 22, 2023 3:55pm
RE:About us text changed
Nice find. I believe they have the 1 million ounce target for 2025. It's great that drilling is coming from earnings from the ground instead of the often used equity market. I spoke
...more
(7)
•••
ThelastSilverR
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Post by
ThelastSilverR
on Jan 22, 2023 6:32am
About us text changed
The about us text on the Soma website has recently changed in a number of interesting places: Here's the new text: Soma Gold Corp. (“Soma”), listed on the TSXV and OTCQB, owns 100% of the El
...more
(7)
•••
ThelastSilverR
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Comment by
ThelastSilverR
on Jan 22, 2023 6:12am
RE:thanks for the postings! a small community better than NONE
I recently understood from management that they are already considering a dividend for next year.
(7)
•••
ThelastSilverR
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Comment by
ThelastSilverR
on Jan 22, 2023 6:10am
RE:Soma my Stock of the Week
Well and clearly written! In my opinion it could have been added that they drill 20,000m per year from cash flow. I am curious whether they will achieve the AISC & production target for 2023. We
...more
(114)
•••
tobinator01
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Post by
tobinator01
on Jan 21, 2023 3:58pm
Soma my Stock of the Week
I am with Jongua in seeing the self evident value in Soma Gold. For those unfamiliar to me, I used to write the quarterly Heavy Metal Investor newsletter from 2003 - 2011, which was the last
...more
(16)
•••
jonggua
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Post by
jonggua
on Jan 21, 2023 7:27am
thanks for the postings! a small community better than NONE
I am glad we can fight over the embarrasment of riches this company is already bringing in. I do have a suggestion for managment if i had their ear. A .04 dividend as soon as fiscally
...more
(7)
•••
ThelastSilverR
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Comment by
ThelastSilverR
on Jan 20, 2023 12:22pm
RE:RE:RE:RE:RE:Soma now at 52-week high
The last thing I want to say about it is this: They don't need external money. The operation is profitable and it will bring more profit every year. When an institutional investor want to get in
...more
(114)
•••
tobinator01
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Comment by
tobinator01
on Jan 20, 2023 11:53am
RE:RE:RE:RE:Soma now at 52-week high
I'm an investor for capital appreciation and dividends are secondary to me. It's great insiders own over 70% of the outstanding shares but it also means the float is extremely small
...more
(7)
•••
ThelastSilverR
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Comment by
ThelastSilverR
on Jan 19, 2023 4:04pm
RE:RE:RE:Soma now at 52-week high
Why do you think this needs dilution? Plan is to go to 1,250 TPD. I think this will cost a maximum of C$10M and they can pay this with the cash flow. This year alone there will be C$15M cash left with
...more
(114)
•••
tobinator01
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Comment by
tobinator01
on Jan 19, 2023 3:49pm
RE:RE:Soma now at 52-week high
I by and large agree with your opinion concerning the cash flow and earnings growth potential of Soma over the long haul. I'd prefer Soma pay down their high interest debt first to clean up
...more
(7)
•••
ThelastSilverR
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Comment by
ThelastSilverR
on Jan 19, 2023 2:06pm
RE:Soma now at 52-week high
If they give a dividend next year, this will automatically come into the picture of investors. Rather not spend too much or invest time on promotion but they need to focus on reaching
...more
(114)
•••
tobinator01
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Post by
tobinator01
on Jan 19, 2023 1:13pm
Soma now at 52-week high
At 40.5 cents, that equals their 52 week high. The 20-month high is 43.5 cents. It's nice to see the price firm up the last three weeks, but volume is weak. Grinding higher is
...more
(0)
•••
PressRelease
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Post by
PressRelease
on Jan 16, 2023 1:01pm
New Press Release - Soma Gold releases positive PEA and resource update on the companyâs Colombian project
(NewsDirect)Soma Gold CEO Javier Cordova said the company had released a resource estimate for its Cordero mine, which represented a big improvement compared to the last update. Cordova also said the company released a positive preliminary economic assessment for the development of the mine...
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