Post by
RoyMax123 on Sep 17, 2021 12:28pm
more want out than in
small consolation, at least the captain is sinking with the ship.
Comment by
copperplay on Sep 21, 2021 7:15am
on to plan C and maybe D # bad management
Comment by
john2305 on Sep 21, 2021 11:38am
I dont have a pile of shares which may be a good thing.. In Alberta we know all about Covid more sore than the rest of Canada. Indonesia ranks 13 world wide in cases. Its easy to say everything can be done over the internet bu that is just not feasable. I agree this management isnt great, bad partnet , corrupt country etc. Holding at least til a NR. GLTA
Comment by
copperplay on Sep 21, 2021 12:40pm
big question now is what happens next? There are about 10 different scenarios and raising money is one of them
Comment by
ark88 on Sep 21, 2021 1:45pm
Many scenarios, but in any event we will find out something related to the $1.6 mil. due to our partner by Nov 25. Either financing as you note, in which case we will hear something sooner than later, or if we don't pay, then we will hear that our partner owns more than 10% of SNV thus having to report.
Comment by
copperplay on Sep 21, 2021 1:47pm
yes ark but they do not have to take the shares which are priced at 10 cents now...why would they when stock is at 4 cents. They ask for $1.7 million is cash of which Sonoro has to raise and pay and more dilution
Comment by
ark88 on Sep 21, 2021 1:57pm
If they take shares in lieu than we're good. If they don't than we're done. Unless SNV raises $1.6 mil.......
Comment by
copperplay on Sep 21, 2021 2:06pm
why would they take shares? Seriously? They have done nothing to help Sonoro in 3 years and only hurt them. I have said this for 2 years now since they didn't sign the JOA in 2019 when these debentures were announced that they had other motives and their own agenda. Appears I was 100% right...
Comment by
BCherb on Sep 22, 2021 12:03am
As per November 25th, 2019 NR near the end: "...Sonoro's first year project costs will be carried by its partner for a maximum period of two years and will only be converted into common shares should Sonoro not repay such advances after this timeframe." On this note, we are not aware if all funds have been borrowed, assuming not because not a lot has happened.
Comment by
copperplay on Sep 22, 2021 5:33am
yes all funds have been borrowed as this was 25% of the $5 million signature bonus given to Ministry of Energy back when our partner and Sonoro were friends ask Dean if you want. Such a bloody mess and these guys have backed us all in a corner
Comment by
GeorgiaStreetE on Sep 22, 2021 2:20pm
So, is the partner just waiting to convert into a heap of shares before taking action?
Comment by
ark88 on Sep 22, 2021 2:26pm
someone just took out 559k @$0.04.
Comment by
MJB4231 on Sep 22, 2021 2:35pm
Orrrrr... Maybe something positive finally happened officially
Comment by
copperplay on Sep 22, 2021 2:45pm
if we get back to 6 or 7 then yes something positive has finally happened or an update from Sonoro If we hang around 4 or 5 in the next week then my guess is a pp again just like ones before
Comment by
RoyMax123 on Sep 22, 2021 4:36pm
It can also be just a little P&D, someone buy a bunch, peoples see the volume and get sucked in then they dump. So if we see TD selling by Friday we'll know that it was just a P&D.
Comment by
copperplay on Sep 30, 2021 1:35pm
this could explain big walls today
Comment by
john2305 on Sep 30, 2021 2:41pm
Big walls alrighi. 1.6 mil ask @ 0.04
Comment by
ark88 on Sep 22, 2021 2:44pm
maybe. 477k bought by TD 82k bought by anon both at 2:20pm
Comment by
copperplay on Sep 22, 2021 2:32pm
why now? They have had 2 years to do it...doesn't make sense to me anyway