RE:RE:RE:RE:Great quote from a former rnx investorApproximately double the shares in dilution for $50 million dollars. What are they doing to do with that $50 million dollars? What's the plan? More around the world trips only to see the share price drop? More paid promotional videos and reports? I thiought a Strategic Partner would be involved so why didn't that happen? Why did BHP open up an office in Toronto and then shortly after decided to go with a higher yield deposit in Africa?
$50 million in the hands of a penny stock with no plan? That's a recipe for disaster.
EndZonefor7 wrote: $50 million raised at twice today's price with zero warrants. You have to be short or a moron to think that was a bad deal. CNC will be a massive cash cow long after you and I are around.
GnuckyT wrote: This is exactly it. Notice how before the massive dilution the talk here was all about a strategic partner who would validate that an ultra low grade mine like this one would be of interest to anyone. The price ran up and then no strategic partner but massive dilution and a new narrative appeared is that this would take a long time and the optimists on this board all are now long term investors (but they post here everyday.
CEOofEPO wrote:
Canada Nickel will require 3-5 years and about $100M of investment to reach level of shovel ready-Dumont project. As Dumont has close to zero valuation, those $13M Canada Nickel investors have to look forward to massive 10X dilution. Selby actually sold Dumont more than Canada Nickel with this paid podcast promotion. Those payday loan sharks Selby will hook up with really getting excited about their future prospects.