Nuinsco Resources Ltd C.NWI

Need Help From the Board

[LowtoHigh]

Hey guys, trying to understand this company, if it is worth the risk at getting in low. Went to their website and information seems outdated. Last presentation was from 2018. Website touts 40 years of excellence. Just wondering if someone on this board can fill me in if this is worth it? I dont see 40 years of excellence here if you are trading at .01 lol...help me out.

[satchmo6]

HELP---SUM TINK RONK  alright---after 45 years still at a penny or 2

[LowtoHigh]

Gotya...moving on then. All the best!

[Silverseek7]

You are correct: website is sadly out of date.  If you go to the "News" tab at the top and then click on the sedar.com link, you will find the current news releases and financial statements.  The company is definitely still alive though and is currently working on raising funds to do more work on the Sunbeam gold project.  If fundraising is successful, and the gold price

[GenHandgrenade]

There are almost half a billion shares outstanding it is not likely that this will be much over .005 for long. Consolidation is in the cards in my opinion. Having said that if a guy can pick up a bunch of shares like say a million at .005 it could work out ok.

[Silverseek7]

Consolidation will almost certainly happen once the company makes some positive progress with fundraising and exploration work.  Management doesn't want to risk the share price drifting back down if consolidation is done too soon (like what happened to Victory Nickel in 2014-2015).  They want /  need to wait until there is some positive momentum before consolidating.  I

[Valkerie]

Its gonna happen again. Mr. Shareholder bend over and take it one more time. You won't hurt much. One angry stock holder

[GenHandgrenade]

Yup sure looks like it and 10 for 1 will still leave 45 to 55 million shares out. I figure they will do say 1 for 20 and a PP at .30 post consolidation. But you never know they may like having a billion + shares outstanding.  

[satchmo6]

stck is on the mov