Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Sokoman Minerals Corp V.SIC

Alternate Symbol(s):  SICNF

Metals & Mining Industrial Metals & Minerals
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 > Cash On Hand....?
View:
Post by AlwaysLong683 on Nov 05, 2023 1:40am

Cash On Hand....?

According to their Financial Statements, SIC had $6M in cash as at March 31, 2023 (June 30 numbers should be released soon)

How much cash did / will SIC receive in the Piedmont deal?
Comment by joeblowie on Nov 05, 2023 1:58am
This post has been removed in accordance with Community Policy
Comment by Johnnychoo on Nov 05, 2023 3:10am
This post has been removed in accordance with Community Policy
Comment by Stockpicks96 on Nov 05, 2023 5:27pm
I don't think they received any cash... Bex and sic each received 5 mill worth piedmont shares and Tim said something along the lines of the big pullback in the lithium price may make those shares extra valuable, which is also obviously a forward looking statement.
Comment by BlueChipper2020 on Nov 05, 2023 8:40pm
BEX and SIC received $0 in cash for the deal. Piedmont funded the new subsidiary in which they have 19.99% ownership $2M for exploration. That money is for Golden Hope/Killick. Not for use by SIC or BEX elsewhere. They cannot do that since the subsidiary is a separate legal entity.  SIC/BEX have not received $10M in Piedmont shares. Shares in Piedmont will be allocated in tranches over a ...more  
Sokoman Minerals Corp
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
{{currentVideo.headline}}
{{currentVideo.link1Text}}
{{currentVideo.link2Text}}
< Previous
{{moreVideoText}}
Next >
Dealroom for high-potential pre-IPO opportunities