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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 Mar 05, 2018 12:55am
145 Views
Post# 27659698

RE:RE:What Happened to ......

RE:RE:What Happened to ......What makes you think he does not? I strongly believe Dutch owes one to three million shares and JK and family members probably more. If not, Dutch can easily come on here and deny it. Nothing wrong with that. But for Dutch and JK to have some forward credibility an honest reset needs to take place as what they clearly articulated would have happened by now just as clearly has not materialized.

Just come clean that what you thought was going to happen has not. If so the mine would be fully funded by now and the stock price would be a minimum of .60 and in the range of .60 to 1.50. How do I know? Bacause I was the same committed type of investor as Dutch and I shared his vision. We were told the scandium market was eagerly waiting for a scandium supply. We were not told the scandium market had to be developed. Which in my opinion means at this point all bets are off.

Will SCY's scandium assets be monetized at some point? Yea, probably but not likely under current ownership and management. Probably years from now under Friedman's more diversified mining assets.

Personally, I don't see any new investors coming into SCY anytime in the forseeable future. And without new investors investor fatigue is going to soon start breaking the back of more and more retail investors at a faster and faster pace. The first phase of this fatigue is the reason for the drop from a high of .47 to the current .18. the next phase over the next four months will see the stock drop to the .10-.12 range if not lower as no one will want to be the last large retail holding. In fact I suspect Dutch and JK are already contemplating a plan to start reducing their exposure.

Just a word to the wise. Do with this what you will. I don't find the fact that insiders just bought five million shares at .18 as encouraging but rather as a last resort method of raising funds necessary for ongoing operations. Otherwise wouldn't they have been able to find eager new investors looking to get in at say a minimum of .20. The short answer is No, those new investors don't exist.

Take care.
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