Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Comment by StrikeGoldon Dec 03, 2021 11:08am
128 Views
Post# 34194845

RE:Back down to 2 cents per split

RE:Back down to 2 cents per split
Sounds like an opportune time to add to one's position.   I did this morning at this price.   If you are upset in the share price and think that it's due to a bad decision to drill outside the known silver zones first, then wouldn't a 70% drop in price be a good time to buy IF you think the other drilling will yield good results?

Good times to add IMO to exploration stocks when some get discouraged and the price drops:   

--Delayed drilling (for reasons outside the control of management)

--First couple of holes in a large drilling program that don't yield results. 

That worked great for Pacific Ridge for those who bought in at that time.   They drilled a single "test hole" on a newly acquired property a while back not really expecting anything, but gave an indication of the mineralization there is all.  However, the selling that resulted was absurd with no basis whatsoever, considering they hadn't gotten to their main prospect yet.   Turns out selling then at 5 cents was a very poor choice.   I don't see any difference between then and what's happening here.

My opinion is that we'll be pleasently surprised when the entirely of the drilling is done and results are out, but that's just my opinion of course    
<< Previous
Bullboard Posts
Next >>