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Scandium International Mining Corp T.SCY

Alternate Symbol(s):  SCYYF

Scandium International Mining Corp. is a mineral exploration and development company. The Company’s advanced project is the Nyngan Scandium Project, located in New South Wales, Australia (the Nyngan Scandium Project), on which it holds a mine lease grant, a development consent, and 100% of the mineral rights. The Nyngan Scandium Project site is located approximately 450 kilometers (km) northwest of Sydney, New South Wales (NSW), Australia and approximately 20 km due west from the town of Nyngan. The Company has a 100% interest in an exploration license (EL 7977) covering the Honeybugle Scandium property. The Honeybugle Scandium property covers over 34.7 square kilometers and is located 24 km from the Nyngan Scandium Project. The property includes four distinct magnetic anomalies: Seaford, Woodlong, Yarran Park and Mallee Valley. The Company's subsidiaries include EMC Metals Australia Pty. Ltd., EMC Metals USA Inc., Scandium International Mining Corp. Norway AS and others.


TSX:SCY - Post by User

Comment by lenticularon Jun 07, 2007 3:07pm
199 Views
Post# 12909302

RE: And BTW...daoracle

RE: And BTW...daoracleYou had better read that again because you are wrong. EMC shareholders will get 1.15 shares of the SXR shareprice the day the deal is completed. You will not get the June 1st closing price as you suggest. For example say the deal goes through and SXR is at 14 bucks that day..then you will get 1.15X that for your EMC which is 16.10. I for one am going to vote no on this deal. Remember this stock was around 15 bucks then SXR came along and it leaked out that a takeover was coming..the stock shot up to 19 bucks..now that so called leaked premium is almost gone as of today. And now we are sinking into the crapper with SXR. I for one..and many others..am furious with this deal. Management sold us out at a incredibly cheap price..my only hope is that EMC shareprice jumps back up (oh yeah dont forget we have to rely on SXR to do that for us now) then sell.
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