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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 > Overwhelming demand
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Post by farmboy75 on Dec 06, 2023 2:13pm

Overwhelming demand

Maybe its just me, but the way I read this is, due to overwhelming demand we are giving away .08 cent shares for .065 cents. And diluting the value of the share structure of long time holders of SIC who paid a lot more a long time ago. I still believe in the project ,and like many others have no choice but to hold, but am not happy about this flow thru deal.
Comment by Surething1 on Dec 07, 2023 8:04am
Not happy either farmboy, An old saying that applies here very suscinctly:  Go to the watering hole when you can, not when you have to...... Moosehead deposit is starting to look like a pin cushion with al the drill holes, many of which are dusters. Perhaps it's time to back off, and try to regroup. We have perhaps 6-700,000 oz. of high grade material at the moment. Maybe a small to ...more  
Comment by geezer21 on Dec 07, 2023 9:10am
As you indicate there is opportunity to open pit the deposit and haul to mill.
Comment by BlueChipper2020 on Dec 07, 2023 10:33am
I agree with you Farmboy.  SIC 's problem going forward is not just coming up with a Plan and drilling, however this management team is bad. When the deal with Piedmont was negotiated, Tim stated during the interview with RockandStock news that it was Stares of BEX and a laywer who did the deal. He just sat back which is no surprise because he is NOT a CEO. That deal took a lot of ...more  
Comment by Stockpicks96 on Dec 07, 2023 11:09am
I hear you guys and your points are well received. It has taken a lot longer than I had hoped for this to play out, and it looks like the waiting will continue for at least another 6-8 months. I did recently have a good conversation with Tim and I am feeling better than ever about this play. Between Dr Collers work, there trip to Ireland to study other deposits and multiple modeling attempts made ...more  
Comment by Goldred on Dec 07, 2023 12:54pm
Hi Stockpicks96, Can youprovide more details with your conversation with Tim that you made you feel better or did you capture everything in your post? Soon, someone is going to post our price predictions that we all made last year - I will be made a fool on SIC.  Oh well, it was just a wild guess.  Thank you, Goldred
Comment by Stockpicks96 on Dec 08, 2023 1:24am
I hope someone does post our price predictions. I could use a good laugh at my own expense.  There is not much more I can provide but I will try. When I spoke with Tim, he seemed very upbeat and optimistic about what 2024 will bring. Tim has openly said they are taking a slow, methodical approach to exploring Moosehead. He does not like to take risks, AT ALL. On the one hand, it can be ...more  
Comment by Goldred on Dec 08, 2023 3:05pm
Thank you for sharing this information - also a well rounded and thoughtful post. Merry Christmas to you and your family, Goldred
Comment by ggnewmex1 on Dec 11, 2023 10:52am
Thank SP For the great synopsis of your convo and thoughts. ALl the best t o you Merry Christmas
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