Canada Nickel Company Inc V.CNC

Stock Price Will Continue to Fall...

[Digger0144]

This story is no longer a secret, never was.  You can trust me on this one and I believe idlefreebird knows as well that this deposit has been known for decades but abandoned due to its lack of economics...it has the same problem today.

I must admit that the present team have done a most amazing job of promoting the project and taking advantage of the nickel situation and market conditions presently and for future demand and running with the story.

However, the run is over and as I have mentioned before it is better to be on the sidelines and do not buy until a major takes a position.  Then and only then will it be the time to take a position and hold for the long term. 

Some hold promise that neighbor Glencore was a possible partner for processing the ore from CNC...dream on.  Glencore would of developed this project many, many years ago or at the least drilled it until there was no tomorrow...not interested at all.  For those that are not aware Glencore operations are all with 25 miles of the Crawford Deposit...that includes an operating base metal mine and a concentrator...it has been there since 1965.

There  is no way of predicting where the stock price will bottom out at for the time being...but...it will continue to drop as people like idlefreebird and possibly EndZonefor7 will get wise to the story and realize that the market and the majors are not buying what they are selling.

Step aside for a moment and realize what exactly is happening...at the least take some profit before it drops to where you bought it...it looks far away if you bought it for under a $1.00...but...man...it could get there fast as investors leave in significant numbers.

Remember...Herd Mentality drove the price to unsustainable levels and it is the same Herd Mentality that will drive it down.

The smart money is leaving the story "quietly"...once the "others" begin to figure it out the next drop will come quickly and catch most off guard.

All the Best!
Digger0144

P.S.  Even the Lead underwriters did not take the lead on this last raise..
         think about it...they are going to put their main clients in another
          story.

[EndZonefor7]

More FUD with extra sauce LOL. Trolls are coming out of the woodwork as the FT shares finish their manipulation game and we rise once again to their dismay. Most of shorts have probably already covered.

[apapas1973]

You have to assess each project Digger. Years ago was a different time. This project may have been uneconomical back then. The price of nickel was considerably less, and the EV market was nowhere in sight. Elon himself stated that Tesla was on the verge of bankruptcy back then. Times change and the smart CEOs that are able to adapt will lead in this next wave.

[CEOofEPO]

Ahaha down 50 percent on OMG he mad