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Bullboard - Stock Discussion Forum Sokoman Minerals Corp V.SIC

Alternate Symbol(s):  SICNF

Sokoman Minerals Corp. is a discovery-oriented company with projects in Newfoundland and Labrador, Canada. Its projects include Moosehead Gold, Fleur de Lys, Grey River Gold, Kepenkeck Gold, Killick Lithium, Crippleback Lake Gold, Startrek and Iron Horse. Moosehead Gold property includes 98 claims totaling 2,450 hectares adjacent to the Trans-Canada Highway in central Newfoundland. Fleur de Lys... see more

TSXV:SIC - Post Discussion

Sokoman Minerals Corp > ERIC SPROTT MAY OWN 29.05% of SIC
View:
Post by GoldCasino on May 03, 2021 12:41pm

ERIC SPROTT MAY OWN 29.05% of SIC

If all warrants he currently hold are exercised, ES will own 29.05% of SIC. He has promised not to exercise warrants held until the SIC board approves his status as a "Control Person". Doubt he is interested in a seat on the board but he will have great influence over the management and company. It is an incredible stamp of approval from one of the best in the industry. He does not own a larger portion of any other company currently exploring in this hot Newfoundland gold region. That also tells you something. Hopefully, we will see 50 cents today. GLTA
Comment by likeike on May 03, 2021 1:25pm
Agree for most part GoldCasino but selling out to ES is not always a good thing. ES likes to have his own way and when he does not get it he walks. Take a look at GCM last year. He had a large position and then put out a huge buy on it when it was $7. That was when he exited and the stock has never recovered and trades in low $5.00 and change now. It is a great company well run and is greatly ...more  
Comment by guy491 on May 03, 2021 1:36pm
Somebody can put the short position on April 30
Comment by BlindBoy on May 03, 2021 3:50pm
What are you talking about ???   Yes, Eric Sprott did sell 200k @ $7.08 in July of 2020.  That left him still owning 5.582 million shares + 6.832 million warrants. That's a far cry from "exiting" the stock. For a more rational reason for the drop in the GCM stock price, I think it might be more accurate to attribute the blame towards the 2020  loss of  US$27 ...more  
Comment by likeike on May 03, 2021 4:10pm
On the GCM board they said he was out....He still is in? Sorry IKE
Comment by likeike on May 04, 2021 10:18am
So blindboy what you talking about.??? From the GCM board found out that he did indeed sell every share he only kept the warrant. Sounds closer to exiting to me as the  warrants cost him nothing. So are you related to blind melon chitlin the blues player? IKE What are you talking about ???   Yes, Eric Sprott did sell 200k @ $7.08 in July of 2020.  That left ...more  
Comment by stockwatcher7 on May 04, 2021 10:31am
This post has been removed in accordance with Community Policy
Comment by BlindBoy on May 04, 2021 12:02pm
This was the GCM website news release:  "Gran Colombia investor Sprott sells 200,000 shares" 2020-07-29 20:49 ET - News Release -  Mr. Eric Sprott reports ERIC SPROTT ANNOUNCES HOLDINGS IN GRAN COLOMBIA GOLD CORP. 2176423 Ontario Ltd., a corporation which is beneficially owned by Eric Sprott, sold 200,000 common shares of Gran Colombia Gold Corp. over the Toronto Stock ...more  
Comment by likeike on May 05, 2021 10:04am
Sorry I could not respond quicker Blindboy as to GCM The date of theses 200k sales was 2020 07 21 , but filed later ( 25/08 )  Sprott sold all his remaining shares in august and the big chunck the 2020/08/18 ( 4.3 millions ) . and filed the 08/ 18 .  For me he has no stock . He confirmed it few days later last year Eric S. Sprott actually owns [via 2176423 Ontario Ltd. (indirect ...more  
Comment by Silvermax on May 03, 2021 6:04pm
Owns 49% of jag. Basically  saved that company. 
Comment by BlueChipper2020 on May 03, 2021 6:39pm
Thats what I heard also. What I know for sure is that ES was the guy who was in early back in 2018 when the Company could not raise a nickel. The market was terrible. Eric also bought a subsequent placement to fund the small 3000 metre early phase programs. So, to be fair, many of us including me have lots to thank him for. I understand the big boys are such for a reason and I am happy to get good ...more  
Comment by Silvermax on May 03, 2021 7:09pm
B.C. I'm a shareholder of jag and am very thankful that ES stepped in. Am getting a quarterly dividend,  I like free money.
Comment by Arbourmark on May 03, 2021 10:27pm
I agree 100% BC and I for one am happy ES has substantial position in Sic.
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