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Bullboard - Stock Discussion Forum Sonoro Energy Ltd. V.SNV

Alternate Symbol(s):  SNVFF

Sonoro Energy Ltd. is a Canada-based oil and gas company. The Company is focused on oil and gas exploration and production in Canada and abroad, including the Middle East/North Africa (MENA) region. The Company has drilled two wells in Saskatchewan. The Well 11-30-32-23 W3 was a vertical well and the Well 14-29-32-23 W3 was a Waseca formation multi-lateral horizontal well with four horizontal... see more

TSXV:SNV - Post Discussion

Sonoro Energy Ltd. > Mic drop
View:
Post by Schloppasnv on Jul 07, 2023 6:02pm

Mic drop

Shares Traded 6,666,666
Value $133,333.32
Shares Held 6,666,666
Filing Type SEDI
Acquisition Acquisition
Position Director of Issuer
Transaction Acquisition or disposition under a prospectus exemption

Probably wants to make just over 6 mill for her time, given the magnitude of her last sale. Thats 3.75$ per share. The cred of her last successes creates business gravity that attracts new projects as others want a sure bet and a vetted background. Seriously starting in Canada where up mid and down stream companies have a good market cap! Now add international and I stand by my 5$ estimate as a minimum. Takes time sure, but the reality is it has historically happened to o and g companies before. ( far beyond 5$) from small caps. Good thing is for a stock at 7.5c our management hasn't diluted us as they too want to make money. Doing what they can to prevent that speaks volumes to their commitment to us shareholders. Look at larger caps and shares out and we don't look diluted at all!

Have a good weekend
Comment by copperplay on Jul 09, 2023 6:32am
Maybe she wanted the entire private placement but that would have led to too much control with one person  going to be a very exciting week no matter what happened we close this project and secure it based on the terms announced which will lead to a new value on SNV shares 
Comment by SlyFox1 on Jul 09, 2023 7:55am
A partial loan and partial convertible debt to finance the 1.5M would be a great way to give Sara the option for more shares and limit dilution.  500k convertible debt at 10 cents, 1M dollar loan could do the trick 
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