Speculation of 'something'... Or not...Of course we can't forget all of the speculation that Mark is having dinner w/ Elon Musk every night is just that... pure speculation. Assays could simply be delayed and there may be no other news to release. Simple. Stock price has been languishing simple b/c of lack of newsflow and overhang from flow-through financing. Again - simple.
That said re: flow-through financing... approx 3M FT shares at $4.10 went to 62 placees... that's an average order of just under 50K shares or approx $200K... not bad but considering the tax banafits of the FTs hardly deep institutional pockets.
Share price has been in a downward trend *SINCE EARLY MAY*! Depsite all the webinars and promo.
I am hopeful but hard to dismiss te facts here.
Canada Nickel 2,981,000 FT share private placement
2021-08-06 17:53 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced on July 6, 2021.
Number of shares: 2,981,000 flow-through common shares
Purchase price: $4.10 per flow-through common share
Number of placees: 62 placees
Insiders: Wendy Kaufman, 10,000; Mark Selby, 10,000; Kulvir Gill, 2,500; David Smith, 24,000
Broker(s) commission: aggregate of $733,326.00 in cash payable to Cantor Fitzgerald Canada Corp. and Echelon Wealth Partners Inc.
Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the company has issued a new release announcing the closing of the private placement and setting out the expiry dates of the hold period(s).
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