Sokoman Minerals Corp V.SIC

oh boy.....news

[Hedge99]

I have to say this makes me feel a little sick. The expectations here are very high, and I feel we missed the bar. I am a long time holder, and have done very well on this deal, but there are obviously so many factors that seem to be holding this down, I am considering getting the hell out. Maybe the JV's and Flour are Tim's attempt to create insurance somehow.

[lewdogg]

What are the "so many factors" that are holding this down?

[NLMoose]

That's been a big problem with Sokoman Minerals over the last several years as they have a history of reporting great discoveries and constantly getting punished for it. In other words, report a great discovery, share prices go down in 2019. A year later, report another great discovery, and share prices go down. Today, reported a great discovery, and share prices go down, rinse and

[Hedge99]

So when does the company hire a promotional team to get this moving?? Let Tim continue prospecting to his hearts content, but he needs to be a bit more mindful of his shareholders and the SP, and do more than just prospect. A true CEO would be working this from all angles.

[BlueChipper2020]

Hedge 99 I think you need to settle down.  You are not making any sense at all. Get what "moving". FYI the stock price has done fantastic this year and has also, recently in the last few months, absorbed about 20-35 million warrant excercises (not sure of the exact number). The market cap is up almost 10 times compared to when the stock was trading at about $.20. I am a long

[Hedge99]

I agree that I am emotional about this BC, and I agree that there has been a great SP appreciation since I bought a year ago. I guess that I need to release any expectations I have on the SP and just observe. Hedge

[BlueChipper2020]

Hedge, we all know the market and stock price are driven by investor sentiment which changes day by day. The same reason you stated earlier that you want to sell is the reason someone else is saying I will not buy. Someone will pay you a dollar for a SIC share when you absultely do not want to sell it. NFG had a great PR today (for those who understand it) and the price was trading down. 

[surething1111]

Hedge, If it makes you more comfortable, sell enough shares to ride this thing with little to no cost......it has helped me many times. I'm a little late on this one, so I'm all in ;) Best S

[Hedge99]

LOL! I have considered selling some, however, I know that this is going to be a great win for all of us, I just get frustrated watching this crazy stuff unfolding for no apperant reason. I'm gonna suck up the emotions and stand pat!!! Hedge

[BlueChipper2020]

Hedge nothing wrong with anyone selling some shares (not an entire position per my below) however you want to do it for the right reason. Taking profits, putting some risk capital elsewhere or maybe some just need to pay bills (not saying you).  You are not going to find me selling my entire position. No way since how the heck do you do that. My strategy is to keep around 20-25% for the long

[Hedge99]

That's great advice BC. My past has been to hold based on my emotional attachment to the story, and ride it back down the slope like a skier (Yes I have made some very high risk investments!) I have been working on selling slowly, not ever focusing on getting the top price, and yes it takes discipline. With SIC, I haven't sold a share yet and I'm averaged around 17 cents, with the plan

[BlueChipper2020]

Hedge I think we all know what it means to be a gold medal winning skier on the junior mining slopes. You are in a good position remember that. PS Don't get fixated on your arbitrary range of 1-1.25? It sounds reasonable now but when we get there you likely will start thinking different. Base your plan on a time frame not on numbers picked out of the sky. Also never sell all your shares. Good

[likeike]

Sorry guys missed 8 hours of the day doing other things. Great posts by Surething1111 ,BC , and Goldjknf or the ones I enjoyed the most. NO wonder this board is second best on SH. Still a lot of guys out there that think the market is a logical place and today proves it IT IS NOT. The news was lengthy and very good though not polished which is fine by me. This is going to be a mine and so

[Hedge99]

Thanks BC. I appreciate your input! See you on the other side!!! Hedge

[Minray]

Excellent advice as always BC. Lot's of noise in the markets about the delta variant and pessimism impacting markets all across the board. Bottom line, this is an excellent junior minor neighboring a giant like NFG. It's a win win as I see it. I recall you were asked a while back in a post when you plan to exit SIC. You had replied it is a personal decision and every investor has to take

[BlueChipper2020]

Hi Minray I am not going to exit completely and will keep 20% to 33% for longer term meaning over 24 months. I want more drilling on the 50k drill program and results which will provide more colour. They have a good cash position now and will be able to raise cash with minimal dilution next year. I expect lots of news flow over next year and beyond. So the bulk of my investment I will sell over a

[Minray]

BC when you have time check your personal messages and thank you for sharing your strategy. Cheers, Minray

[pmforme]

This post has been removed in accordance with Community Policy

[Hedge99]

The factors as I see them being NFG huge results creating expectations for SIC, lack of marketing to get our story out there and create more buying then selling, Tim's apperant disregard for the share price, f@king shorts. 15% pullback on these results is bullsh@t.  I'm just getting myself worked up.