Strikepoint Gold Inc V.SKP

How to play SKP in the current junior mining environment

[Lock12345]

I have been in and out of this stock for years and have had my share of wins and losses with it. 

Based on current junior mining sentiment, gold and silver prices pulling back, the fact that SKP won't have drill results out until early 2022 or even material news until then, and based on price fluctuations over the past 5 years (look at the charts), I suspect this share price will slowly continue its drop and go below 10 cents in the coming Oct-Dec quarter with tax loss selling season approaching. 

When it gets below 10 cents I will be picking up a huge amount for a double, maybe triple, in early 2022.  Some did this back in early 2020 when it got to 3 cents and bailed at 15 cents for a 5 bagger - good for them.

Happy investing (or day trading for some...)!

GLTA

Lock12345

[Stockmoves1]

well said Lock.. all these plays are up against the same thing.. they flagged last fall so either they hold these higher levels of support or turn back down to where it all started... I will take my chances b4 the dust settles on these plays for those low ball bets... a break of 10 or is it a break of 125 that will cause 13 to be R...i feel the pain of longs here but do look at the charts