Sokoman Minerals Corp V.SIC

here is the USA

[ggnewmex1]

SIC really cannot go much lower :(
unless they go all the way down....
Things are brutal for SIC, it sure would be nice to have some kind of comments from Tim as to what plans are going forward.
Things are getting more desperate for sure since everyone knows there will need to be a capitol raise. There were alot of holes dug this last summer ( 463-556 at least) I guess the reality is that most of them did not hit anything..

At this point I guess I am riding it to the end because what is the difference right!

all the best all
gg

[BlueChipper2020]

Hi ggnewmex1 I think the US price you should ignore since it is misleading on light volume. The price of $0.550 on the venture is a multi-year low. It is bottom of the barrel.  I do not think any comments from Tim at this stage really make any difference. The Company cannot easily do a raise in this market considering also what has happened here. A $2M raise at $0.05 adds 20M shares and I

[BlueChipper2020]

Actually regarding my last post, I made a few mistakes.  1. $/55 should be $0.055 2. Unfortunately a $2M PP at $0.05 is not 20M shares dillution but 40M shares dilution.  In this circumstance you do not see PP at $0.05 IMHO. You gotta do a reverse split or consolidation, likely 4:1 to get to about 70M fully diluted shares o/s after then a PP raise at $0.25 for $2M for example. Then

[Stockpicks96]

BC, I get your frustrations, I really do. To say this past year has been a disappointment is the understatement of the century. With that being said, these orogenic gold systems are very complex in nature and missing the high grade stuff can sometimes be a difference of literally inches. Obviously Dr. Collers early modelling of the 463 zone was wrong, but the early models were always meant as a

[BlueChipper2020]

Stockpicks96 You make good points and nothing you said is not reasonable. I do think Tim has not done a good job on from a CEO perspective. This is not just a geology game of a kid playing in a sandbox. This is a business.  We had momentum and went from a 10K metre program to 25K, then 50K and then 100K with 4 rigs which Tim had stated in the early days he hoped could happen. It did.

[ggnewmex1]

agreed fully If they start drilling Fleur.... that tells me that Moosehead is effectively..... dead. That is regretable because if they were to sell it off, there is good history for a buyer get a good deal for pennies on the $ We will see, my guess by the end of the year

[BlueChipper2020]

ggnewmex1 They are going to start drilling Fleur sometime in spring 2024. Tim made it clear they are going to drill and have the logging companies coming in during winter and will help with roads and clearing etc. Tim said they may expose a lot and save SIC time. I think one drill rig to begin with.  Moosehead will continue however the market gives it very little value. Good hits but no

[ggnewmex1]

I am of the feeling that the one thing that would improve the stock price would be Tim to step down as CEO and stay on as a geologist.... sad to say. I agree that there is so much more to running a company that geology. That goes for any busniess frankly. Anyway, I am staying around here.... I am curious to see what happens. all the best to you GG

[Stockpicks96]

Agreed, I think Tim is an excellent Geologist but some of his business decions have not been the greatest. It might be time to hand the rains over to someone who can get word out there about the story and capitalize on the market when it does eventually, inevitably swing to our favour. I do respect Tim a lot, i am just a mom and pop investor and he didn't know me from a hole in the ground but

[ggnewmex1]

agreed

[various]

Bluechipper this is absurd. Haven't you seen the thousands of reposts by geezer? WORLD CLASS DEPOSIT IN MOOSEHEAD! The entire market is wrong. Only geezer knows what's up.