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Bullboard - Stock Discussion Forum Canada Nickel Company Inc V.CNC

Alternate Symbol(s):  CNIKF

Canada Nickel Company Inc. is a Canada-based company, which is engaged in advancing the nickel-sulfide projects to deliver nickel required to feed the electric vehicle and stainless-steel markets. The Company owns flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. The Company also owns 25 additional nickel targets located near the... see more

TSXV:CNC - Post Discussion

Canada Nickel Company Inc > What does Auramet know?
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Post by NiCuAgFan on Feb 12, 2022 12:25pm

What does Auramet know?

While Auramet peeled off a paltry $10 million (CNC PP) from their 2021 revenue of $22 Billion - check out the size of deals they normally do with some of the worlds largest banks: 

 

09/08/2021:

 

“ING leads US$300mn syndicated financing for metals trader Auramet

 

The deal sees Auramet increase its financing from last year’s US$235mn facility,while a spokesperson for ING Capital, which led the financing on behalf of the firm, tells GTR that funding will once again be used for working capital purposes.

 

Alongside ING and Rabobank, other lenders on the deal include Bank of China, Brown Brothers Harriman & Co, CIBC Bank, HSBC, Macquarie Bank and Mizuho.

 

ING Group:  With total assets of US$1.1 trillion, it is one of the biggest banks in the world”

 

Auramet has all the money CNC needs to go into production if needed in the future. The paltry 1% profit on the $10 million PP is a joke compared to their normal transactions. As yourself what do they know? 

 

 

While Auramet peeled off a paltry $10 million (CNC PP) from their 2021 revenue of $22 Billion - check out the size of deals they normally do with some of the worlds largest banks: 

 

09/08/2021:

 

“ING leads US$300mn syndicated financing for metals trader Auramet

 

The deal sees Auramet increase its financing from last year’s US$235mn facility,while a spokesperson for ING Capital, which led the financing on behalf of the firm, tells GTR that funding will once again be used for working capital purposes.

 

Alongside ING and Rabobank, other lenders on the deal include Bank of China, Brown Brothers Harriman & Co, CIBC Bank, HSBC, Macquarie Bank and Mizuho.

 

ING Group:  With total assets of US$1.1 trillion, it is one of the biggest banks in the world”

 

Auramet has all the money CNC needs to go into production if needed in the future. The paltry 1% profit on the $10 million PP is a joke compared to their normal transactions. As yourself what do they know? 

 

Comment by NiCuAgFan on Feb 12, 2022 12:29pm
Posted twice - in case you missed it the first time
Comment by EndZonefor7 on Feb 12, 2022 12:38pm
Exactly NiCuAgFan, who would even lend $10 million if they didn't know a helluva lot more. Why would majors, EV players etc even let you in the door if you had nothing like trolls here keep harping but still want to buy at $2.20 ? It's laughable.
Comment by TheYman100 on Feb 12, 2022 7:15pm
  I have to say that this exact reason keeps me hopefully as well. I know these groups have more money then we could ever dream of having, but I'd like to believe they don't throw 10 million around for the sake of a "hunch", it's clear they see value with CNC and I look forward to what the future holds for us 
Comment by N3tPr0phet on Feb 12, 2022 9:45pm
Auramet got an arrangement fee of $200k and draws $100k in interest per month. Worst case scenario the loan is almost certainly secured by the mineral rights, which I'm sure everybody can agree are worth more than the $10M liability. So a $500k return on a $10M loan with only a 3 month term is like 20% annualized ROI, BEFORE accounting for the warrants. Auramet didn't write this check ...more  
Comment by TheYman100 on Feb 12, 2022 10:18pm
Thanks for the clarification 
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