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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 > SINCE APRIL 6TH
View:
Post by BlueChipper2020 on May 19, 2023 1:14pm

SINCE APRIL 6TH

As a investor since 2018 and having a fairly large core position, I added 127,500 shares since April 6th when the price slipped under $.20 including 35K shares at $.135.  Thank you.

The share price dropped since the last PR on normal volume and you often see new characters pop out of nowhere to cast doubt on small retail fish. These posts are combined with strange trading patterns such as:

Stock trades at say $0.18, and you will see a large sell order at $195 and large buy order at $165. This went on for many many days. A lot of professional traders know junior mining and know there is often a long lag between assay results. After the last few PRs from SIC, we knew there was going to be several weeks before any chance of any major news which continues to this day. Junior mining is always a great target to help drive the price down. However, when things are going great, you will also see new posters appear pumping like crazy as these same folks ride the wave up. Cycle repeated. 

The events of the past few months have no impact on serious investors here, and this price drop allows some of us to add. I plan to trade the shares added in the near future and keep my core position of course longert term. 

The one character on the board which appeared suddenly is not dumb. He/she understands junior mining and grades/intersections ect. However, the reality is that it is very easy to make such comments in either direction (positive or negative). This type of thing is happening all accross the junior mining sector. Knowledge and patience is needed. 

GLTA
BC
Comment by ggnewmex1 on May 19, 2023 1:26pm
Thank BC I have been adding as well, though now as many shares as you. I have lowered me cost by over 2 cents a share, always nice. I am relatively excited about the future with all metal discoveries! all the best GG
Comment by Stockpicks96 on May 19, 2023 1:57pm
Welcome back BC and ggnewsmex1.  This is a marathon not a race and we'll see how this race plays out. 
Comment by DutchvdL on May 21, 2023 11:28am
I think sprint is the word you meant to say considering a marathon usually is in fact a race
Comment by Minray on May 19, 2023 10:10pm
Excellent post BC. I hope you're doing well. 
Comment by wreckhouse on May 22, 2023 7:32am
As a investor since 2018 and having a fairly large core position, I added 127,500 shares since April 6th when the price slipped under $.20 including 35K shares at $.135.  Thank you. This is the problem we all run into ( what's my sell price ) !  Post #35199509 says average 3.03 which would be a 22 bagger at today's price . I also have being adding and already have numbers in ...more  
Comment by BlueChipper2020 on May 22, 2023 9:57am
There is NO such thing as a "sell price". That is impossible to know.  The 127,500 shares added, I will sell in small lots when the stock recovers a bit. I will pick a time out of thin air. As for my core position, I will not sell all the shares at once but scatter over a period of many months and even then keep 1/4. I will know when that time is and I feel I have earned a good ...more  
Comment by wreckhouse on May 22, 2023 8:44pm
 I will sell in small lots when the stock recovers a bit. I will pick a time out of thin air. Hmmm , for me I will be selling large lots when it goes over my SELL PRICE and will be pocketing some serious cash and than buy more good dividend paying stocks . When you can pick up some shares around the 5--6 dollar mark and paying a .075 divi a month don't sit on fence go BIG . just saying !& ...more  
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