Canada Nickel Company Inc V.CNC

Heading towards $10 billion Mkt Cap

[CONESTOGA13]

With the addition of this new zone they are easily going to reach a market cap of $10 billion particularly in the speculative driven bull market we are in now. Calculate that at around $50-60 per share

[apapas1973]

That would be awesome Conestoga but they won't be allowed to get there. The problem is they'll get taken out long before that. I would love for them to do it alone with maybe a partnership like others have discussed on here. That's how were going to capture the full value of this company. The longer someone waits to take them out the more they're going to have to pay. But also some

[Nukey]

Been slowly adding to my position and just kicking myself for  not adding more earlier. Love this story, love that Selby has is money where is mouth is and his skin is in the game. So many good things about how this company is positioned.. One question I have for the smarter CNC shareholders, but can anyone give me any thoughts on SHL and why they aren't trading higher with them owning

[apapas1973]

No point in kicking yourself Nukey. Hindsight is always 20/20. I'm in the same position. Look at it this way. you waited a little longer and may have to pay a bit more but you get to see a clearer picture of what the company may have to offer and what direction they may be taking. You're going to do what everyone else is and just average up. Better to average up with a solid company then

[PCGuy10]

Nukey, I've heard of cases where Professional Investmet Managers have made some good coin doing trades like this. One was a Japanese Company who's stock was so low you could have bought the company for less than it's bank account balance. Another was a case like CNC/SHL where they decided it was a actually cheaper to buy B over A givem B's ownership of A.    Two things:

[IgnacioCashmere]

Noble sold 75% of their Canada Nickel shares, after practically giving away tens of billions to create CNC for 10,000,000 shares & potentially the enormous sum of $1,000,000 if CNC buys the 5 optioned properties in Project 81. Spruce isn't quite so boneheaded. They still hold their 10% share of CNC. SHL.V's share price is below their liquid marketable securities value. I bought SRCGF

[IgnacioCashmere]

Nukey, SHL trades at a discount to their marketable securities due to the risk of share dilution. The gap between share price & MS liquid value was smaller until this week. The volume for SHL is over a million a day, so no one can blame a liquidity issue or lack of action for the gap. I bought some today because of the discount. But the problem is, nothing is stopping Spruce from share

[IgnacioCashmere]

sorry about that cutoff, "very little on a percentage basis". So the market appreciates those 8,100,000 CNC shares, & the value of 10,000,000 Noble shares that have a CNC tie, but a discount has & will continue to exist. But I expect it to narrow quickly, it's 20%+ at the moment & likely will drop to a

[Nukey]

Thanks everyone for your thoughtful replies. Very helpful and confirmed what I thought might be the case.  as for CNC, will be trying to buy on the dips here.  have a good day. 

[Commoncents]

I totally disagree, I can't see CNC selling out with what they have underground, no way. Time will tell but I don't see it. This is a massive play folks!