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Bullboard - Stock Discussion Forum Sterling Metals Corp V.SAG

Alternate Symbol(s):  SAGGF

Sterling Metals Corp. is a Canada-based mineral exploration company. The Company’s principal business activity is the exploration and development of resource properties. The Company is advancing the 24,000-hectare Copper Road Project in Ontario which has past production, and multiple breccia and porphyry targets strategically located near robust infrastructure and the 29,000-hectare Adeline... see more

TSXV:SAG - Post Discussion

Sterling Metals Corp > So the market is selling off on the news.
View:
Post by ValuePro on Dec 08, 2023 2:44pm

So the market is selling off on the news.

Is that because there may not be a winter drilling program?  The news itself was not bad.  I think it is encouraging for initial passes on two targets within a district-scale project area. 

I would double down today, but I've already used this month's available cash.  No worries, I've got a decent number of shares and am well-practiced at waiting. 


Comment by ValuePro on Dec 14, 2023 12:06pm
And just now, on the US side, someone unloaded 317,000 shares, pushing the price down to a loss of nearly 13 percent on the day.  I suspect the sale is probably for tax loss purposes.  When it trades, even over a day, volumes are in 4 or 5 digits, not 6.  Great bargain, in my opinion, but I'm too cash-poor at the moment to take advantage.  Maybe next month. 
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