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Sokoman Minerals Corp V.SIC

Alternate Symbol(s):  SICNF

Sokoman Minerals Corp. is a discovery-oriented company with projects in Newfoundland and Labrador, Canada. Its projects include Moosehead Gold, Fleur de Lys, Grey River Gold, Kepenkeck Gold, Killick Lithium, Crippleback Lake Gold, Startrek and Iron Horse. Moosehead Gold property includes 98 claims totaling 2,450 hectares adjacent to the Trans-Canada Highway in central Newfoundland. Fleur de Lys project of 1,891 claims on the Baie Verte Peninsula of NW. Grey River property in southern Newfoundland includes 324 claims in seven licenses, centered on the community of Grey River. Kepenkeck gold project, located in central Newfoundland. Killick Lithium Project is in southwestern Newfoundland. Crippleback Lake Gold Project is in proximity to the Trans-Canada Highway in north-central Newfoundland. Startrek Property is located 20 kilometers (km) east of the town of Gander, Newfoundland and Labrador, Canada. Iron Horse project is located over 120 km northeast of Labrador City, Labrador.


TSXV:SIC - Post by User

Post by smilley69on Nov 07, 2021 3:21pm
241 Views
Post# 34097707

Suffering...

Suffering...,,, from lack of news.  The new normal is assays taking 3 months plus.  The same is true for all junior explorers.  Not only does this interfere with news flow, it also interferes with locating new drill collars and funding.  This situation has gotten to the point that I've started reallocating capital from the explorers to new producers and near term producers.  I have a massive position in SIC as I haven't been able to stop myself from adding down in the low 30's.  I expect at least one NR this week and hopefully susequent NR's every couple of weeks or so into the new year.  Waiting on BEX to round up a drill to test the Kraken but don't expect to see drill results till late Q1 2022.  SIC will need more cash by mid 2022 and I'd like to see them raise cash at a much higher valuation.  I'll be lightening up my position in the mid 40's to bring it down to a reasonable percentage of my portfolio.  GLTA 
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