Canada Nickel Company Inc V.CNC

When does CNC come to market to raise some cash?

[apapas1973]

Drilling results expected shortly with presumably much more along the way with all those properties. They're going to have to come to market eventually to raise some cash. Anyone have any ideas on how long their capital lasts? My guess is if they don't partner up with anyone soon for a cash injection then they do a raise at the next pop. I'm guessing $4.50-$5.00. As discussed in the past, the benefit of a low share count leaves room for some dilution. And if the upcoming news is good, i think theyll get a massive over subscription on that offering with shares being scooped up instantly.

[caramba71]

I think cash-wise they are fine - at least until the FS is done. Not sure if an investment round will be pre-FS or not, maybe some experienced mining co traders can elaborate. MS - from what I recall - hasn't mention any date for that. I would hope the stock price to be higher than the 4.5-5 range at that point, for dilution reasons - although I'm not worried about that at all.  I

[Mike16]

In one of Selby's latest presentations, he mentioned needing to raise some $ pre-FS sometime in the the summer, but they are at where they need to be cash wise. I believe it was here: https://investors.northernminer.com/canada-nickel/

[apapas1973]

100% caramba, if they don't need to do a share offer till end of the year, then the offer will be $9-$10 because I believe it'll be trading there abouts end of year or higher assuming some of our other properties pull through.

[caramba71]

Love yor optimism apapas1973 - would be happy to see us in the 6-7 before some money raising with a bit of dilution (10% or so). I mean at 9-10 we're talking ~900 Mio market cap. That would be an awesome run.  PEA will tell if it's possible.

[apapas1973]

This is a 12-13 dollar stock by March/ April of of 2022 with a buy out in the high teens. I've already publicly stated that . Lol. So I'm on record. I doubt this is still around next summer. Can it be worth more? Absolutely but the majors won't let it run. Now of course sub par PEA and drill results and we'd be in some trouble.

[Nukey]

Apapas, while the only certainties in life are death and taxes, I would add that I am pretty certain that Selby knows what the PEA and drill results will be and they are anything but subpar my friend. Going to add more here before the train is fully out of the station.  

[apapas1973]

Yes Nukey, I think the reason why Selby renegotiated the optioned properties to 100% and added the 6th property is because he has the early results in front of him and something worthwhile is there. He's turning this into a monster mine. I'm hoping for my sake and everyone else that's long this stock, the results will be spectacular and we're off to the races... I wish i had more

[idlefreebird]

Hey Nukey , I'm taking it that your satisfied with your investement my friend...lot's more to come my friend..glta

[Nukey]

very much so idle and I have you to thank! Hsave a great weekend. 

[idlefreebird]

You're more then welcome and you as well... The action on 655 hyway by Crawford is building up..lot's of activity...we are moving forward..glta

[Commoncents]

Selby isn't selling out here. No way in hell. This is massive and selling in the high teens makes absolutely zero sense. Cheers! 

[apapas1973]

What you're saying makes sense commoncents ( sorry had to do that lol) and this is one time I'm hoping I'm wrong. Letting this company run on its own likely will get us a much higher valuation and i would love to see that, but i just don't think that's the case.