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Stroud Resources Ltd V.SDR

Alternate Symbol(s):  SDURF

Stroud Resources Ltd. is a Canada-based international mineral exploration company with an exploration portfolio in Canada and Mexico. The Company holds its interest in its Mexican properties through its wholly owned subsidiary, Compania Minera San Diego y La Espanola S.A. de C.V. (Compania Minera), which holds prospecting and exploration permits for the properties. Compania Minera holds rights to the Santo Domingo II and Nombre de Dios mining concessions, located approximately 80 kilometers northwest of Guadalajara, the capital city of the State of Jalisco, Mexico. It also holds a net smelter royalty of 0.5% on properties located in Hislop Township, Ontario.


TSXV:SDR - Post by User

Bullboard Posts
Post by gold_strikeon Sep 12, 2019 2:17pm
60 Views
Post# 30120779

3 year share price

3 year share price One more point about the share price and the placement at .015.    Click on the 3 year chart and one can see that the average trading price was indeed .015, or at least split between .01 and .015.  Sure it touched .005 on occasion, but the trading involved at the level was very small.     I had bought many shares at .015, and so the fact that they raised $2 million, to me means that anything from 15 to 20 cents is still a good price to pay.     Of course if they hadn’t been able to raise any money, even .01 would have been too much to pay in retrospect.    Not being able to raise funds is the biggest risk for exploration stocks, so coming through in that area explains the current share price move.   I’m betting of course that the next round of drilling will add nicely to the resources.         

Bullboard Posts