Post by
apapas1973 on Oct 03, 2021 7:54pm
CNC will be in need of more financing by year end.
If I recall the ~12.2 million in financing will carry them till year end. We're fast approaching that. We either need a JV with someone or we need this share price to rise quite a bit. Id prefer them not to do more financing down where we are. Let's hope Mark has something up his sleeve. These news delays are becoming a thorn in our side.
Comment by
EndZonefor7 on Oct 04, 2021 11:46am
I would hope it's a strategic investor with zero dilution. Would be the smartest way to go like Voisey's did.. Hopefully Mark gives us some insight in the webinar today. Still think we're in a bottoming process here as the market knows news flow will kick in sooner than later after a 3 month wait.
Comment by
apapas1973 on Oct 04, 2021 11:56am
Hopefully endzone. This all depends on how aggressive they were with their drilling and how quick they burned through the cash. Year end is a rough guess. A bit more or a bit less. Which would mean Mark is working on it now. Cant leave it last minute. I suspect he's going to mix it in with some of the other news in the next couple of weeks.