RE:Noble/CNC share distribution.....I couldn't remember how many CNC shares were involved in this purchase.
"Canada Nickel will issue 3.5 million common shares of Canada Nickel to Noble as payment under this transaction. Those shares will be subject to a four-month hold period."
I am thinking this may be a "buy the rumor, sell the news"....or antithesis..."sell the rumor, buy the news", which I have witnessed numerous times.
...or not.
at CNC current share price this level, it appears that the NOBLE shareholders would be selling at a loss, pretty large one. 1:58. Noble is trading at $.155.
Anyway, since it is free money to the shareholders, who knows.
jmo
RD