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Bullboard - Stock Discussion Forum Sitka Gold Corp V.SIG

Alternate Symbol(s):  SITKF

Sitka Gold Corp. is a Canada-based mineral exploration company. The Company’s principal business activity is the exploration for mineral resources in North America. The Company’s projects include RC Gold, Alpha Gold, Coppermine River, and Burro Creek. The RC Gold Project, comprised of the RC Gold, Mahtin, Clear Creek and Barney Ridge properties, is a district-scale, contiguous land package of 1... see more

TSXV:SIG - Post Discussion

Sitka Gold Corp > Not in a rush for final drill results
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Post by looking4details on Dec 11, 2020 8:20am

Not in a rush for final drill results

As long as we have downward tax loss selling pressure, I see no reason to be in a rush for the final six drill results (4-OGI / 2- RC).  Any positive  drill results right now, would unlikely receive full value under current downward conditions anyway.  As much as I would love to see them, maybe waiting a week or two for TLS to end, would be in the companies best interest.  I realize that I am repeating myself, but I would love to see any (in the money warrants) to be exercised now, to allow management to make what ever necessary moves without unnecessarily diluting the company.....if they feel the need to flip them for cash, so be it.....in the long run it should help the company and long term shareholders.
Comment by stint20 on Dec 11, 2020 2:36pm
its not tax loss   anonymous is clearly the guy that took down several million shares of the 9 cent pp. its a double for him. looks to me theyve sold 4-5 million shares so far. cant blame him good trade. too bad for us......for now
Comment by looking4details on Dec 11, 2020 5:14pm
I agree that "anonymous" started this mess, which caused others to get frustrated and sold below (what I'm guessing) their previous target prices.  I'm guessing that you are probably correct about the bulk of the shares sold by him/her were cheap shares, but I contacted the company several weeks ago and at that time, no new warrants were exercised.  Maybe they held the ...more  
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