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Sky Gold Corp V.SKYG

Alternate Symbol(s):  SRKZF

Sky Gold Corp. is a Canada-based junior mineral exploration company. The Company is engaged in acquiring and advancing mineral properties in Canada and the United States. The Company’s properties include Evening Star, Mustang, Virginia, Imperial, Greenwater Lake, Kekekuab Lake and Sun Gold, Star Lake, Laurie, Horne, and KA Property. Its Shebandowan Portfolio consists of two properties located 80 and 125 kilometers west of the city of Thunder Bay. Its Shebandowan Property consists of nickel-copper-cobalt-platinum group element (Ni-Cu-Co-PGE) Shebandowan Property comprises of approximately 5,894 hectares and is situated within the Shebandowan Greenstone Belt in northwestern Ontario. The Evening Star property is located in west central Nevada in Mineral County and is comprised of approximately 43 unpatented mineral lode claims totalling over 660 acres. The Sungold property exhibits striking similarities with the geologic setting of the past producing Shebandowan mine.


TSXV:SKYG - Post by User

Comment by lifegoesonon Nov 19, 2020 10:29am
194 Views
Post# 31930274

RE:Headed back to 12 cents

RE:Headed back to 12 centsMagnum, SKYG has been trading in the $0.12 to $0.18 range for over the last 3 months, for those that trade these swings, there was certainly money to be made. Since November 1, SKYG has traded 7.7 M shares at an average price of $0.162. What does this tell me, people who sold at higher pirces have now respostioned perhaps, also there are generally more speculators watching the "NFG" drilling. However, working against this is 1) Covid and world-wide exposure to the economy, 2) pullback in the price of gold, and 3) everyone wants to see results.... Thus, no speculation around the announcement of drilling for SKYG. Perhaps this is good, otherwise it would just be flagged by traders and would only result in a wash of penny trades. Look at what happended when the price of SKYG went from $0.06 to over $0.20, SKYG traded over 50 M shares, YES over 50 M shares. So much action, so many traders and brokers, promoters, and generally craziness, so I am ignoring all the penny trades and going to wait to see what they can drill. Look at NFG when they hit their Discovery Hole, caught everyone off guard, then a very lengthy halt and IPO which raised north of $20M and made everyone a lot of instant money.
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