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 > $SGO

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Post by partystocker on Nov 24, 2021 10:25am

$SGO

Sonoro Gold $SGO will soon resume drilling at the Cerro Caliche project with a 10,000m reverse circulation drilling campaign.

$SGO.V is planning to execute a $3.6 million private placement to fund the drilling. The placement will consist of 20 million units at a price of $.18. Each unit will contain one share and one purchase warrant for $.30.

$SGO is currently continuing to stabilize around $.19. I’m waiting for some news or other indicators to provide a catalyst to see some movement. The 50 day RSI is at an all time low so I think we will be looking at a bullish trend reversal should price start to move strongly.

$SGO is currently trading at $.18 and the company is valued at $18.47 million.

https://wallstreetwindow.com/2021/11/new-compelling-small-cap-private-placement-offering-for-sonoro-gold-mike-swanson/

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