Canada Nickel Company Inc V.CNC

I Wonder who the sellers were.

[apapas1973]

Almost 20 million shares exchanged isn't chump change. The article says several sellers. These are not your Ma and Pa investors. I wonder who was willing to take 118 for their shares. 
We're very fortunate those shares weren't liquidated in the open market. They would have ruined us. And it would have taken forever to liquidate not to mention these sellers would drive the price down and only get less for the remainder as they kept selling. 

I'll say it again this a big vote of confidence. We're very fortunate to have AEM on board. Nobody held a gun to their head for this transaction. If they're willing to take 12% now, I'm sure they'll gladly pay much more for the rest if Mark continues to prove it out. 

Thing are definitely going to start getting interesting. GLTA

[Leo1965]

I hope it was not Anglo American's shares!

[apapas1973]

Lol Leo. Yeah that crossed my mind. But Anglos shares were part of a private place with 10% of the first nickel, chromium, etc going to Anglo. So its a little complicated I would say. However anything can be structured in today's markets.  For now I would say they're not part of it. Let's see what Mark says next week. I'm sure he's going to address all this. GLTA

[Leo1965]

Yes, Anglo's placement was not  flow-through shares, here is the definition of flow-through shares. I am still wondering who were the sellers of this large volume of shares and why they sold it and why the announcement in the last day of year after the market closure! Flow-through common shares are issued directly by a resource company from treasury in a similar fashion to common

[apapas1973]

Mark will have to address this share swap Leo. It's 12% of the company. It's a huge amount. Don't know how much Mark can disclose but let's see what he says.