RE:RE:RE:Canada Nickel Confirms Major Discovery at Reidapapas1973 wrote: Yes Endzone. Also they didn't increase the size of the loan through Auramet, as I was worried they might do. Being we're going to be in need of cash soon, I'm hoping Mark is confident enough an injection of cash is coming in from somewhere. GLTA
If this is such wonderfull news, then the market didn't get the memo!
Apapas, last week you said there where 2 things you didn't want to see - an 11th hour press release, and an extention of the loan, because any one of those two would put us in the penalty box and get ravaged in the market! Now you are ok that he only extended the loan.
Well both have occured and as expected the stock is getting ravaged! I have to go with SamMc1969's earlier post. The fact that he waited until the very last minute to release the fact that he had no other alternative than to extend the loan is very troubling in my eyes, and it looks like the market doesn't much care for Mark's vision of massive low grade nickel until someone else with very deep pockets steps in with a large investment.
We seem to have a recurring pattern here. Mark sets deadline. Stock rallies before deadline, Mark misses and announces extention of deadline, then the sharks have a feeding franzy.
Now regarding our crow and humble pie contract. The deal was if it pops and rises I'd eat it. If it rolls over and sinks you will. It looks like we were both right so I hope you have a 2nd batch on order.