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Bullboard - Stock Discussion Forum Sun Metals Corp. V.SUNM

Sun Metals Corp is an exploration stage company with its principal focus on the exploration of the Stardust Project located in British Columbia, Canada. The company operates in one operating segment namely mineral exploration in Canada.

TSXV:SUNM - Post Discussion

Sun Metals Corp. > Crickets
View:
Post by EDDI564 on Feb 06, 2019 6:32pm

Crickets

SOOOO, All quite at western front.
Comment by Goaweigh on Feb 06, 2019 7:59pm
Most of us are sortof winded after the Lorraine kick to the crackers. Who knows what the punters at Lorraine are going to do when they get their hands on the 39,594,960 shares at .24 and to add to that we aren't drilling for another 3 months give or take. I guess if the stock tanks to .24 or there abouts we can be reasonably sure it's hit bottom. Not quite sure why we did this deal ...more  
Comment by Horn1369 on Feb 06, 2019 9:36pm
First of all the drilling is only a couple of months away, 2nd the LLC share holders will be SUNM share holders soon, I don;t think they be stupid enough to sell their shares before any more drilling results are in. Once we have furthur proof of good results I think Texk Resources will take over for around $2.50 to $3. Both companies are still low float and you be crazy to sell now thinking you ...more  
Comment by Goldnboy1 on Feb 06, 2019 9:47pm
We aren’t day traders here. We are resource investors. No need to talk online daily. Nor worry about the day to day price fluctuation after we’ve just completed a 100%+ run. It’s volotile.  Goaweigh the deal was done for these reasons. I’ll try to simplify them for you.  1. Taxable event - The deal as originally structured was going to cause a “taxable event” for llc.  This means ...more  
Comment by Goaweigh on Feb 06, 2019 11:12pm
Thank you for dumbing it down for me. Your brilliance shines through in every post. I'm thinking that maybe the 19,374,092 in the money warrants that need to be exercised before closing might be impacting our share price. It's sort of a " use them or lose them " kind of deal and time is now running out.  Same with the 3,450,000 options @ .08, those need to be exercised too.& ...more  
Comment by gusto44 on Feb 07, 2019 1:37pm
Goaweigh Iagree with you. I can hardly wait for Goldenboy's posts because they are so well informed. Truthfully I came here because I followd Golden from RNX. I'm convinced this is a winner although I'm wrong more often than not. Not sure why you are mad at yourself. If you bought at .23 and sold at .44 you made a profit and can still buy cack in at.38 or abouts so you can buy more for ...more  
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