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Homeland Nickel Inc SRCGF


Primary Symbol: V.SHL

Homeland Nickel Inc. is a mineral exploration company. It is focused on critical metal resources with nickel projects in Oregon, United States and copper projects in Newfoundland, Canada. Its projects include Cleopatra, Red Flat Nickel Property, Shamrock Property, and Eight Dollar Mountain. The Cleopatra property is located in southwest Oregon and consists of 139 lode mining claims covering a total area of 1,162 hectares (2,872 acres). The Red Flat Nickel property is located in southwest Oregon 15 kilometers (km) east of Gold Beach and 480 km south of the City of Portland. The Eight Dollar Mountain property is located in Josephine County, Oregon. The Eight Dollar Mountain property consists of 115 claims totaling 962 hectares (2,376 acres). The Shamrock Property consists of 40 unpatented load claims, accessible by paved road, covering 758 acres and located 20 miles northwest of Medford, Oregon. It also owns a 70% interest in the Great Burnt and South Pond copper and gold properties.


TSXV:SHL - Post by User

Post by JacobsenPGMon Jul 28, 2020 11:38am
207 Views
Post# 31330918

Arbitrage opportunity

Arbitrage opportunityThe nice thing about trading these micro cap stocks, is that when an arbitratge opportunity appears, there is a window of opportunity to get in before the market catches up.

This kind of thing only happens once in a while.  It is a fact that SHL owns 8.1 million shares of CNC.  (Check their website for the PR).  CNC is currently at about $3 a share so those 8.1 million shares are worth $24.3 million.  SHL's market cap is under 14 million right now.   The market has started to catch on, but we have more room to go.  I don't think it's unreasonable to expect SHL to get to a market cap of over $20 million by end of day    
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