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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. > SNV is still alive ?
View:
Post by politicat on Dec 29, 2023 12:22pm

SNV is still alive ?

Having been a shareholder back in the Salat days waiting over a year for for drilling that never came and watching share price go to 0.03 ( sold at a loss ) -- I am surprised to see on an old watchlist that it was 0.20. Canada drilling now !   Hmm.
Question -- it seems that early Jan there will be 33M shares available to be sold ( the 4 month lock up period will expire ).
Since these shares were purchased at $0.06 ... is there concern here that a good chunk of these shares will be sold and push down stock price ?  That is a lot of shares -- 3 or 4 weeks of trading volume..
Comment by copperplay on Dec 29, 2023 12:31pm
Not if they watched the 2 interviews going to double down with warrants 
Comment by politicat on Dec 29, 2023 1:06pm
The last 33M shares issues at 0.015 -- lock up expired late Sept.  Stock price collasped close to 50% to 0.12.  I think it will drop this time as well.  From a trading POV it is something to think about.
Comment by thorgb1 on Dec 29, 2023 1:08pm
This post has been removed in accordance with Community Policy
Comment by thorgb1 on Dec 29, 2023 1:21pm
lol, and a crybaby too. Stop spreading FUD. Shareholders here deserve this. 
Comment by ark88 on Dec 29, 2023 2:58pm
Something to think about, but needless to say it ain't going to be anything deep. By the same logic, there are far money shares in the money than just the 33 million and yet here we are trading fairly steady in the mid to high teens. Clearly the one miss was the delay in starting the farm in agreement which would've had an existential affect. At the end of the day, that's what ...more  
Comment by copperplay on Dec 29, 2023 3:26pm
  ummmm think your wrong pal stock price dropped because our licence was pulled over disagreement with partner  now we have one producing well and soon to be a second and our big prize Mena is looming so you keep waiting for 12 cents 
Comment by MJB4231 on Dec 29, 2023 4:05pm
Well that's a wrap... 0.17 it is for the year. Let's hope we do another 1000% in 2024!... Have a Happy new year and I have never looked forward to a new trading year as much as I do this
Comment by copperplay on Jan 20, 2024 5:58pm
  ok we get it you don't like Sonoro no one is selling based on your posts we know this high risk higher reward!
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