Sokoman Minerals Corp V.SIC

GREAT POSTS

[BlueChipper2020]

Lots of great posts today from hedge & surething. Really informative.

So let me put a different matter on the table. One concern I have now (not previous) is we may be spreading ourselves thin considering the macro environment (aweful for the sector and the equity market as a whole). What I mean, is I am not sure it is great idea to be drilling Grey River and Golden Hope projects along with Moosehead.

I was all for some holes at Golden Hope lithium play. The last PR was obviously a dud which is why is was on the last day before a long weekend. I am not saying this is a bad project, but it is going to take a lot of money and time which we do not have considering this aweful macro and limited funds. Maybe put this aside for now.

Grey River. Again, Not saying this is a bad project at all, but it takes a drill team and money and time to build out Rome. 

The Company is also spending small amounts on sampling, surveys ect. on their other land packages. It all adds up.  

Our funds are about 8M and they will go fast. Raising money in this aweful macro is going to result in big time dilution to shareholdwers. Us getting to $.50 will be as much a climb as when we got to $.78 considering the much larger float we have/gonna have.

Considering the posts today, is it not more prudent to slow down, allocate the additional drilling resources to Moosehead? Or is Tim drilling these other properties a sign that he needs to hedge his bets? Just asking because savy new investors would be asking this quesition also.

GLTA
BC

[Hedge99]

Hey BC, This is a great point, and one that I did not consider. I would prefer if we focused on Moosehead, and work on the other properties when the economics make better sense (SP being much higher for financing). I think they all have some potential, but I would be extremely disappointed if Tim created a situation where we needed to look for financing at the .20 range. I guess right now, if

[surething1111]

Hi BC, Very good question.......I believe that it is a given that Moosehead will be mined in the future, the only question is how big? The resource sector seems to be in freefall.......many great companies trading 60,70,80% off their recent highs. The old adage, "go away in May" seems very appropriate this year. This is as close to a no/low bid environment that I have witnessed in many

[Hedge99]

As Cathy mentioned today, the company will be looking for another placement in Novemberish for the 2023 program. All we can hope for is a nice run up to .40-.50 so the dilution is minimized. Hedge

[likeike]

Agreed BC great posts by surething and hedge. I as struggling to add anthing more but to say I am with BC go slow and develop Moosehead or you will run out of money and just make yourself a  takeover target that will get all the glory and more importantly steal the pot of gold.  Sure lithium is the sexy beast out there but how many things can you do at the same time without running

[BlueChipper2020]

Likeike Your last sentence should be conveyed to Tim about these being dangerous times. He needs to focus on the money side as a priority now. BC

[surething1111]

Ike, BC, I must respectfully disagree. We have a very prospective lithium outcrop at Golden Hope.  Company unfortunately misread initially, and undershot much of the mineralization. This is a wonderful development, as we now know that we have a horizontal flat lying lenz, so to speak that is fed by one or more dykes. This means that the whole deposit can be delineated using a mobile/track

[likeike]

surthing I agree with your disagreement. The thing is in normal times no argument with me but when things get turblulent you cannot help to become a little fearful. I think we have the goods at Moose and Tim knows it however timing can be so important but someone swooping in and buying this company on the cheap and stealing Tim's glory is a fear I wish I could erase. IKE

[BlueChipper2020]

Hi surething, I don't disagree with any of your points and the potential. However, this can't be done in the next few months and is a much longer period of time. I think my point is that Rome was not built in a day and you pick your fights in the short term when facing a horrible macro environment and when you have limited funds.   I think the key point today is that as long as

[surething1111]

Hi BC, Ike, & Hedge I guess cooler, and more rational heads prevail. Sometimes I can act like a blind dog in a meat factory ;) I have to agree that at this point perhaps capital preservation is of the utmost importance.....besides we could probably drill Fort Knox right now and trigger a sell off. Good article earlier Ike, explains much of the malaise surrounding many good stocks at the

[Hedge99]

Hey BC and Ike, I fired off an email to Cathy and Tim citing concerns about the amount of cash remaining for operations, and my fear of doing another raise at levels around here. Tim said that he and Steve have discussed money saving solutions to help slow the spend a little. Work on the JV may slow, but Moosehead is full steam ahead. Tim mentioned they will be looking for financing Oct or Nov to

[BlueChipper2020]

Thanks Hedge99  I am glad to see Tim and company realize it is prudent to slow down a bit. I would also be okay with a capital raise at the $.40+ level {However previously I posted several months ago that I wanted the company to be in a position to do a much larger raise much higher. Say $0.70+. ].  We need some real good news flow around Moosehead, and I mean really really good in

[likeike]

Sorry BC it would be very hard to convey that to someone that is convinced he has a pot of  gold at the end of that rainbow. Although I agree with him I just hoped he also does not find some vindicative leprecon or an ugly market. IKE