Bullboard - Stock Discussion Forum Sonoro Gold Corp V.SGO

Alternate Symbol(s): SMOFF

Metals & Mining Gold

Sonoro Gold Corp is a Canada-based exploration and development company. The Company is engaged in holding the development- stage Cerro Caliche project and the exploration-stage San Marcial project in Sonora State, Mexico. The Cerro Caliche Project is located in the Cucurpe Municipality of Sonora State in northwestern Mexico and is comprised of 15 contiguous mining concessions covering a total... see more

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TSXV:SGO - Post Discussion

Sonoro Gold Corp > Thoughts on $SGO Recently

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Post by SkywalkerofLuke on Sep 23, 2021 3:30pm

Thoughts on $SGO Recently

Despite the great news that $SGO $SGO.v recently completed a PEA that showed promising results at the Cerro Caliche gold project, they’re currently down 11.1%. So how did this happen following such good news?

Well from what I’ve gathered it seems that due to junior gold stock investors getting pretty beat up over the past 3 months that many of them were holding off taking profits on $SGO as they hoped the PEA news would push the price higher and give them a chance to sell. Meaning, when the PEA came out it was seen as a liquidity event at whatever the price.

No matter the exact reason, $SGO ‘s PEA showed some great results and I think it won’t be long until many people watching the stock decide to buy.

https://sonorogold.com/news/5062/

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Comment by sapporostan on Sep 24, 2021 1:47pm

strongly disagree with current assestment as all the talk was production in first quarter next year---now the update says could be as long as December, 2022 so people hit the exits

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