I agree with Klue - current downward pressure on share price is a direct result of escrowed shares from the IPO being sold.
In addition: - IPO stockholders took some early profits - That has ceased now SP is below IPO Price of 0.25 - Post IPO investors underestimated the prolonged downward pressure on SP and decided to leave the SNG party or trim their holdings (@metaljaune didn't see this coming). @fullmetal100 picked the trend early (Free Lunch at 0.23) and so he and @bonesy get a free lunch at the Epicurium courtesy Metaljaune (maybe 2022 AGM if Covid lets up). Hopefully SP will be heading north by then.
Fundamentals for SNG have only improved since the IPO, particularly as drilling results are announced.
Here is some cheer for the long suffering Investors. The clip below is from the Siren Gold website. In the Gold Mining industry, your credibility hinges on whether you deliver on what you said you would do. My guess is that the maiden JORC Resource release is not far away. Listing date was 7 September 2020.
Very simple and clear thesis at Siren Gold. Keep soaking up the cheap shares - injoy.
SNG Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)