Canada Nickel Company Inc V.CNC

Thoughts/Rant

[Rm90090]

Mark has been very quiet. Not even releasing news of minor things. Either he is working on deals in the lead up to the FS or their truly isn’t a lot going on. At this point I think the market hasn’t gotten any proof that low grade nickel is cared about. The market definitely believes that nickel is needed but for some reason the Crawford project isn’t getting any love (officially). The strategic was supposed to provide that.

I have to think that the deal that GIGA got with Mitsubishi was there for CNC too - but they just chose not to take it. Maybe all that big companies are willing to provide right now are sub $10M but wanting 15% of the company or higher. 

If CNC releases their FS and nothing happens, then what? Do we hang out while they go through the permitting process? Do we cheer as they release drill results of more low grade nickel that the market doesn’t respect?

Sorry - End of rant

[apapas1973]

RM unfortunately we are in a bear market. The bear market rally is long overdue. If we release feasibility and it does nothing, then I think Mark will auction it off to the highest bidder. But the ball will be in their court so people can forget about any high valuations. We will be forced to firesale it and the buyer will get a great deal. It'll be very unfortunate.

[minime123]

  Forget about the auction, build the mine!!!!  I do believe Mark has the ability to make this company grow.  why give out the company when we have a cash cow?

[apapas1973]

minime, I've seen many potential "cash cows" given away. They succumbed to bear markets, commodity pressures etc. How are they going to raise the money? Billions. Especially with a depressed share price. They will not get funding. It will be diluted to oblivion and they still won't raise enough. It's different if this was a billion dollar company et some cash in the bank. But

[JStrummer66]

I agree they should just build the mine.  Once they have the feasibility study completed they can do small incremental raises to keep morey in the kitty as needed to keep things going until the market mood improves.  They have lots of room in their share structure and lots of value in the asset base for more capital raises and can still have significant market cap increases in the future

[GnuckyT]

That's the million dollar question.  Is Mark overstating interest for ultra low grade nickel deposits he bought that were former moose pasture land. There is no evidence.  For months posters here said the strategic would prove this but no strategic = no interest.  Mark went from a strategic to firing up the share printing presses to raise money.  You don't just

[Cobalt]

Save yourself the pain like endzone -70% keep this for junior playes , 2 stages you can play , 1st being the best as stage 2 rarely happens