Scandium International Mining Corp T.SCY

Give Peter and the board some time to work out their plans

[AllDutch1234567]

3.4 million in the bank and then go into hibernation? I don't think so. It takes a few months to come up with a new go-to-market strategy. Be patient.

I wonder if the Russian boycott, Sweden planning to join NATO and anti-Russian sentiments have any effect on this collaboration?
https://aluminiuminsider.com/rusal-and-granges-ink-rolled-automotive-aluminium-agreement/
Granges (and probably others) looking for a new supplier? A renewed opportunity for SCY?


From the June 6, news release:

Interim CEO Peter Evensen commented, “We are gratified to see the investor response to the Company’s strategy to rededicate itself to Scandium given the increased potential for scandium-aluminum alloys.”

Scandium International Chairman William Harris commented, “The closing of this placement’s second tranche puts the Company in its best cash position in several years, without any debt. I want to congratulate everyone involved for the successful, upsized placement, especially given the recent volatility in markets. With this capital, the Company can start to look ahead as the Board and Management see the acceleration of the scandium market’s development. The Board and Management look forward to sharing with the market more information on its future plans to preserve and enhance the value of the Company’s scandium portfolio.”

[Ringer69]

The Evevsen's are the main reason I doubled down on SCY, they cleaned house in order to get things done, no worries here.

[Speculativefool]

While they have the cash to keep the lights on, they're likely mulling over their most feasible options: bankruptcy or a fire sale (but the latter assumes that someone will show up to buy)... Either way, we're all f***ed. Sorry to be so negative BUT how many YEARS have we waited for the needle to move up, not down, down, and down again?!