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Scandium International Mining Corp T.SCY

Alternate Symbol(s):  SCYYF

Scandium International Mining Corp. is a mineral exploration and development company. The Company’s advanced project is the Nyngan Scandium Project, located in New South Wales, Australia (the Nyngan Scandium Project), on which it holds a mine lease grant, a development consent, and 100% of the mineral rights. The Nyngan Scandium Project site is located approximately 450 kilometers (km) northwest of Sydney, New South Wales (NSW), Australia and approximately 20 km due west from the town of Nyngan. The Company has a 100% interest in an exploration license (EL 7977) covering the Honeybugle Scandium property. The Honeybugle Scandium property covers over 34.7 square kilometers and is located 24 km from the Nyngan Scandium Project. The property includes four distinct magnetic anomalies: Seaford, Woodlong, Yarran Park and Mallee Valley. The Company's subsidiaries include EMC Metals Australia Pty. Ltd., EMC Metals USA Inc., Scandium International Mining Corp. Norway AS and others.


TSX:SCY - Post by User

Comment by apmgoldon Nov 07, 2017 9:38am
153 Views
Post# 26917211

RE:Disclosure

RE:DisclosureDutch - I always respect your contributions so this is not personal but what you are saying seems to imply that SCY is keeping material MOU information from stockholders. Why would an MOU that does not disclose pricing be kept from shareholders? That's not been the case up to this point and I don't even think that is permissable - it certainly does not seem to be fair to stockholders.

With all due respect I really don't think that is the case. it just makes no sense. Major milestones have been met. The notion that that no news is good news is starting to strain credulity. I don't think the Evensons are in this for the long term. Their average price per share is .06. If they could flip this now for .30 they would see a 500% gain - and they own 30% of the stock. It probably won't be difficult to get another 21% from among the growing weary retail stockholders to agree to a sale in the .30 - .60 range. My personal goal has been $1.00 to $3.00 but unless something develops soon I would tender my shares at .60 - so that's my hope at this point. The more polyanna scenario you keep proposing is certainly welcome but I don't see that happening.

Again. Nothing personal as I hope you are right and I am wrong but as of now here's hoping that the Evenson's don't flip this for less than .60.

It would be interesting to hear thoughts of other retail investors who have been in this for years as I have.

Peace.
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