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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 > Hmm Just Hmm!
View:
Post by givemeabreak1 on Jan 29, 2024 11:47am

Hmm Just Hmm!

Might go way over 2 million shares today.  Those .18 warrants might die on the vine should this keep up.  Could be good or bad depending on your perspective.  Good as 40 million dilution gone and with any luck in this years drilling the price could move up to do a higher priced financing.  Bad in that they could use the cash to do a major drill program like 50K plus meters.

Time will tell!  It sure looks like bad drill results may be on their way!
Comment by rdy2rumble on Jan 29, 2024 12:56pm
Agreed,, someone wants out bad like
Comment by Westcoastwalker on Jan 29, 2024 1:23pm
Those stink bids got filled kind of killed the momentum.  Probably profit taking and backing up the truck on a larger scale.  Time will tell  who's right.  Bigger players jumping in the open market looks good to me!
Comment by jambon379 on Jan 29, 2024 1:43pm
I think you are wrong on bad drill results coming. But then Gimmee I wouldn't expect you to have a positive perspective. You never do.  Very predictable.
Comment by givemeabreak1 on Jan 29, 2024 1:50pm
Jambon you are a the glass is half full kind of guy no matter how bad it is.  Town gets hit by an earthquake everyone dies but one family.  Jambon speaking at the mass funeral well that turned out pretty good could have killed everyone lol.
Comment by jambon379 on Jan 29, 2024 2:01pm
True enough. But, somebody wants over 2M shares this morning.  And you will say someone wants to dump 2M.  Time will tell but I bought more on Friday and will likely buy more going ahead. As will Crescat.
Comment by jfive2 on Jan 29, 2024 3:56pm
Someone is shaking the tree! I almost sold myself.
Comment by stint20 on Jan 29, 2024 4:05pm
its just 1 or 2 holders selling to cover their warrant exercise id bet
Comment by stint20 on Jan 29, 2024 4:12pm
no chance a fund or inst client would dump 3-45million shares over the past 2 weeks because they have an inside tip on bad results. they would get flagged by iiroc and they are not that dumb. the financing from 4 years ago was done at 12 no flow thru and 13.5 flow thru. so they are just taking profit and exercising the 18 cent warrants. just a hunch. we will see 
Comment by stint20 on Jan 29, 2024 4:12pm
i mean 3-5 million shares
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