Canada Nickel Company Inc V.CNC

idlefreebird...Red Flags Flying...Go To Sidelines..

[Digger0144]

Hey idlefreebird...

My advice is to sell your position...the run is over.  I have been on this one since $.35...on and off.  You got in early...time to go...do not walk..run my friend!

The stike length of the deposit is significant and on a percentage basis has seen very little drilling...but yet...they are going to a Feasibility Study...highly unusual.  The findings are all low grade yet they brag about their high grade core...high grade...not really!

Many have "kicked the tires"...no takers.


"Canada Nickel is engaged in ongoing and constructive discussions with strategic investors which have been extended into the new year. The Company continues to aggressively advance the Crawford Nickel Sulphide Project and has arranged a US$10 million loan facility from Auramet which will ensure the Company remains well-funded through the first quarter when the Company expects to conclude its strategic investor process," said Mark Selby , Chair and CEO of Canada Nickel.

Strategic Investors would of been all over this project under the current market conditions and moving into the future.  "They" have done their due diligence...all have walked away.

Auramet who provided a loan in December, 2021 is now getting their money back...10 million dollars US...very telling...they are walking away from the project.....this is their "bread and butter"...making a deal with them would of been very positive...instead..gives us our money back...good luck with the project.

Notice how the previous lead underwriters are nowhere to be found...they do not want their clients to lose money..Red Cloud Securities is now the lead...red flag to be sure!

Here is the link to Auramet...check it out..would of been an ideal partner.

Auramet – Experience | Reliability | Creativity

Move on to another story...there are much better in the space.

All the Best idlefreebird...and all the best to everyone on this board.

Regards,
Digger0144

[CanadianPatriot]

Endzone are you staying on here.  If you are not sorry won't keep asking you questions.  You can leave.  If you are staying would like to hear your thoughts a year after this was posted. You disagreed when this was posted last year.  Wondering if you have any new insights.

[EndZonefor7]

Digger in for 20k. Do you not read? Noticed the markets crashed last year ? As I said, grade 8 dropouts.   

[CanadianPatriot]

Was it the market or the dilution? Given that there has been dilution again you didn't notice the gap down from 2.15? There will be continued selling pressure with dilution.  The odds are stacked against you with this many shares printed.  Volume looks anemic. 

[NoobTube]

I can't speak for endzone but these short term price movements mean very little to me.  Dilution is to be expected if someone has decided to invest long term in a jr.  I'll hold till BO or production, maybe longer.  I really like the speed at which MS is moving and how far he has gotten with minimal dilution.

[EndZonefor7]

Minimal dilution is right Noob, and no warrants either. This should be the last conventional PP as next will be debt equity via big players and OEM/ EV companies.     What happens if the next strategic takes 10 to 20% of the pie ? Anglo could wind up in the open market which leads to all sorts of takeover mania. Perfect storm for those with eyes wide open. 

[CEOofEPO]

Aren't you the moron who said PGM would be a turn around story

[NoobTube]

Story's not over.  They have several cores that intercepted sections of almost 2gpt pgm

[CEOofEPO]

? I'm talking about pure gold mining