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.

Soma Gold Corp V.SOMA

Alternate Symbol(s):  SMAGF

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.


TSXV:SOMA - Post by User

Comment by ThelastSilverRon Jan 19, 2023 2:06pm
124 Views
Post# 35233800

RE:Soma now at 52-week high

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 production numbers, generating cash flow and thereby buying more land, acquisitions and investing aggressively in exploration.
 
Management knows this is now a cash cow for the next 10+ years and my understanding is that they're definitely not selling this, they want multiple producing assets. If you have cash, a lot is possible.
 
Retail investors are always impatient and they always want the stock to rise quickly. This is one of the best stories in the gold space. You just have to be patient.
 
Management expects 750K oz resource by the end of 2024. Then we can produce 90-100K annually in 2025/2026. What do you think this cash flow will do to the stock?
 
My opinion.
<< Previous
Bullboard Posts
Next >>