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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 > In the meantime.......
View:
Post by fiddycent on Jun 22, 2023 6:24pm

In the meantime.......

MS represents the POS we've all supported with cold hard cash. I'm 100% sure that MS is fully aware that POS cannot rise above $1.31 without real positive hard results, an offtake agreement, a satisfactory FS, and gov't funds. Not one, but all of the above. He will have lots of options due to endless self promotion as an "industry" expert. I hope us retailers will not be left hanging in the wind. This is a possibility, fingers crossed.
Comment by CravingProfits on Jun 22, 2023 7:06pm
How about an 10/1 split? Would that be of any help? After all...the market caps stays the same? And the share count goes down.  Novice question here. Glta
Comment by apapas1973 on Jun 22, 2023 8:58pm
No point in a reverse split Craving. Won't do anything for us. Companies will split a stock when it just gets too expensive and they want to bring in new investors (Tesla, amazon etc ). In a strong upward trend, yes it could be beneficial to holders as it keeps increasing your share count. Very beneficial if they keep doing it.  Companies that do a reverse split do so to reduce their ...more  
Comment by PCGuy10 on Jun 22, 2023 9:32pm
Look at what happened to Nortel. They did a 1:10 reverse share split. Less than 2 years later, the share price was back down to the same vale the stock was trading pre split. What didn't help Nortel was that the Board of Directors had a meeting to fire the CEO for fraud. Withing minutes, of the meeting, someone from an IP address in Shanghai logged in using the soon the Ex-CEO's access id ...more  
Comment by apapas1973 on Jun 22, 2023 9:42pm
Yes. I forgot about Nortel pcGuy. 
Comment by CravingProfits on Jun 22, 2023 10:38pm
A split on a dying company or fraudulent one is one story. Btw i made a few bucks on the dead cat bounce back when. I'm of the belief Cnc is firing on all cylinders except it's share price.  Do we really need to overshadow Norilks before we get noticed? At this fast expansion rate...we should hit the radar screens sometimes. Otherwise, Mark would spend the money on trivial matters ...more  
Comment by EndZonefor7 on Jun 22, 2023 11:43pm
It's called a bear market for junior nickel copper gold miners. If you can't take the wait then sell and move on.  News flow has been positive lately and like many others it has almost zero effect. Early 2000's was identical. Either you believe or you don't. 
Comment by CravingProfits on Jun 22, 2023 11:52pm
Endzone...believe me or not...I do believe and still long. Actually bought a few more today at the unfortunate price of $1.28. Was supposed to go into another Timmins nickel miner. Lol So I split it up 95/5 %. Glta
Comment by EndZonefor7 on Jun 23, 2023 12:54am
I know you are Craving. It's the other gripers I was referring to. Today's share price is not true value when in a bear market. Spotting undervaluations are what makes many rich long term. I'm adding too when cash allows. 
Comment by CanadianPatriot on Jun 23, 2023 7:12pm
Ahem.... bear market? check out these resource stocks https://investingnews.com/top-tsxv-gainers/
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