update - acea/icp agreement - pending, page-12

Noairbags

Around and around we go

If you read the original announcement, management put no defined time frame on the deal and said they would update shareholders accordingly - as no meetings have occured and they never confirmed a date for the original meeting, why update the market that it has been extended ?

As for your expect a downgrade in the SP, you obviously haven't read the broker report you yourself are referring to. They value the Mt Adrah asset at between $20-30M. At the time the SP was around 20-22c

So if they value 100% of the asset at $20-30M, then 80% would still be $16-20M with money in the bank to target high priorities such as the bonanza grade reefs at Castor

Your entire theory therefore is absolutely ridiculous

SOC was 20-22c before acquiring Mt Adrah. Ignoring Mt Adrah, SOC still retain 80% of PMR which has had huge exploration success and showing real sedex potential, with further results to follow and Jiangsu are continuing their $21M exploration commitment this year across 10 tenements for 30%, not to mention SOC still retain several quality assets outright like EL6483

Yet despite that, you are implying the SP will downgrade further upon farming out an asset they paid $700k for when the stock was 22c, sold the secondary assets for $800k (so already free carried), farmed out at a valuation between $10-20M, and then valued by a broker at $20-30M

So basically, everything in SOC's portfolio is worth nil to you and if they sell 20% of an asset for $2M (valuing it at $10M which they paid $700k for) the SP will further decline

Maybe have a think about your prediction and consider the other assets in the suite before warning people of SP downgrades