RE:C'mon guys!!!Yeah guys C'mon! The reason the stock is down over 40% from 53 week highs is because the underlying commodity is down 14% LOL
And if nickel doesn't recover neither will the share price. Even if it does its still a gamble.
GLTA but this DB
Eyetradestocks wrote: Jesus you guys are slow on the uptake...
CNC shares are falling in value because Nickel dropped from $21,000 to just under $18,000.
What is so hard to understand about that?
This is a development play some 1-2 years out: they don't actively produce [and therefore hedge] Nickel Sulfide by products for the stainless steel or EV industries...
WOW!!!