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Sarama Resources Ltd V.SWA

Alternate Symbol(s):  SRMMF

Metals & Mining Gold
Sarama Resources Ltd. is a gold-focused Australian exploration and development company that is pursuing exploration at two prospective and under-explored belt-scale gold projects in the prolific Eastern Goldfields of Western Australia. The Company's gold projects include Cosmo Project and Mt Venn Project. Its Cosmo Project comprises approximately seven contiguous exploration tenements covering approximately 580 square kilometers (km2) and is situated around 85 kilometers (kms) north-east of Laverton and 95 kms west of the Gruyere Gold Mine. It has an agreement to acquire an approximately 80% interest in the belt-scale Mt Venn Gold Project located in the Eastern Goldfields of Western Australia. The project comprises three contiguous exploration tenements covering around 420 km2, encompassing most of the underexplored Jutson Rocks Greenstone Belt over an approximate 50 kms strike length. It also holds approximately 18% participating interest in the Karankasso Project Joint Venture.


TSXV:SWA - Post by User

Sarama Resources Ltd
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  • Tree2treeX
Comment by Tree2treeon Mar 13, 2022 7:38pm
140 Views
Post# 34510512

RE:RE:RE:RE:halt

RE:RE:RE:RE:halt
Ashram, did you try to read the news release before asking that question?  It's .21 Australian, which I guess is closer to .195 Canadian.  Do please correct me if I got it wrong.  Unfortunately it's normal for small-cap companies to be forced to issue shares at a discount to the current share price, especially when they have not been generating a lot of momentum lately.  So it's a bit of chicken and egg problem.  Actually I would say the raise price is not bad at all, considering the share price was only .16 just a month ago.

I believe they will actually use the money for drilling as promised (unlike some zombie companies out there), so this could turn out to be a turning point for SWA's next move up.

(Full disclosure, it happens that I sold my small holding of SWA a few days ago, expecting that the spike in the gold price would not last.  However I will be looking to get back in.)
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