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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

Post by shloon Dec 07, 2017 12:18am
122 Views
Post# 27106507

Time to say good bye

Time to say good byeIf not John Kaiser fantasies, the price of SCY would be around 10 cents. The hard facts are: The management doesn't deliver and worth- does not communicate, there are no off takes, there is no real progress. The only thing we do have is optimism and frankly too much of it. I believe that optimism is the worst enemy of investors.  My conclusion is that SCY uses JK (and possibly Putnam as well) as a useful idiot. I am going to sell my holdings even what I bought very recently for 27 cents. I might eat my hat within few days, but I feel that: 1. I am too much in love with SCY- this is a bad thing to mix investments with emotions. 2. for what I sell now for 22-24 cents I will be able to buy back in 10-15 cents within few weeks or months. There are few thousands of companies in Canada, I can find few gems especially now, and if I am wrong about SCY, there will be another opportunity. Good luck to all of you, I will be back on this board when the price will be under 18 cents. GLTA
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