Where did all the posts go?It seems the SH mods have been busy little bees and have deleted ALL the posts & wonderful enlightening commentary by fellow investors regarding GIGA's history for the past two drama filled years. Including all the "have your popcorn ready" events & salaciously induced scandals. That S was more interesting & better than some of the Latino Soap operas we get around these parts. Aside from the lovely eye candy ladies on there of course. Would rather stare at them all day than Jarvis & his cree of hobos. But i disgress here lol.
As for the recent news with thr Mitshubishi JV, i wouldn't make too much of it and i highly doubt this is any significant game changer for the company as some folks try to make it out to be. At best, this might put a short term floor on the stock price until nickel prices recover & the company figures out a viable plan forward. As much as i like the Japanese people, they're not the most perceptive or savvy business men when it comes to finding value or great properties in the metal & resource area. They've had their fair share of bad investments, failures & complete flop over the years in O&G & base metals.
I think this "surprising" move on their part, as many others in past is more of an act of deseperation & grabbing the low hanging easy, cgeap fruit than anything else. As much for them as it is for GIGA Metals themselves, as they to are in a "desperate" conundrum also. Both benefit in some way, good for GIGA in the short term for the infusion of cash and good for Mitshibushi in the longer run if the nickel prices go back up and the project is viable. But definitely not a game chnager for either right now.
Giga's project is still far behind in almost every respect to some other more attractive ventures, and the project itself isn't feasible at current nickel prices and would require double or triple the current pricing to be anywhere close of being viable. I still think that investors looking for decent exposure in this sector look elsewhere, like Fpx,Talon or Canadian Nickel, which have far superior projects with better numbers. And muh futher advanced than Giga's by at least several years. This doesn't mean that Giga's property is cr*p, it just means that at current nickel pricing, with almost no work being done in the last few years and the very remote nature of the project aside from the insane capital reuirements to get it off the ground, requires let's say......creative imagination, a total suspension of logic & a very large leap of faith before this is anyhere close to being "good to go".
If anything, what this news has created was a nice opporunity to unload some shares if some over leveraged investors got caugh in this investment with all the hype over the past two years.
Just my humble two cents.....
GLTA