RE:RE:RE:Conic Metals a vendu ses actions de Giga MetalsI will be curious to see what this stock will do in the morning. Will it trade up - or will it be halted, and never trade again. This is not a good look. As a shareholder, I would want to read this before the market opens tomorrow as it appears as if this may directly relate.
https://equity.guru/2020/09/18/reuters-journalist-pratima-desai-sets-giga-metals-giga-v-run-insider-sell-off-fake-story/ Talchior wrote:
The news received from Conic is well in C$ (see below). I totally agree. The fair value is more around 1,85 with the debt. There is a risk related to the complaint on Ramu. "Conic Adds C$6.9 Million in Cash Conic Metals Corp. (Conic or the Company) (TSXV: NKL) is pleased to announce that it has added C$6.9 million of cash to its balance sheet by, after approval of its independent board members, monetizing the 3.98 million shares that the Company owned in Giga Metals Corp. (Giga Shares). Conic has significantly improved its balance sheet with the execution of this sale, stated Justin Cochrane, Conics President & CEO. We continue to hold a 2.0% NSR royalty on Gigas Turnagain property and believe that Turnagain has a unique opportunity to be a green source of Nickel for decades to automakers and battery makers as electric vehicles and energy storage systems continue to gain traction. Following the sale, the Company now has approximately US$8.2 million of consolidated cash."