Canada Nickel Company Inc V.CNC

Surprised about the share price

[caramba71]

I hate to say this, but I'm disappointed about the recent development of the share price. The NI index is almost at the height it was in Feb, yet CNC cannot break through the 3.50 level and establish a new base in the 3.50-4 range. A lot of news coming out, but wondering what is holding us back.

GLTA

[EndZonefor7]

Hate to sound like a broken record but it's the PP we are waiting to close that is effecting the price strangle. I wouldn't be surprised if it's oversubcribed with the flow thru tax saving. I'm not thrilled either but been thru enough of these PP's to see this happen over and over. 

[Rm90090]

Honestly, I think what's holding back the share price is that CNC has graduated out of the speculative phase of a junior miner's life; and investors are waiting to see signs that this will in fact become a mine.  CNC has done an excellent job maximizing the speculative phase (which is mainly about showing that you have a good resource and providing initial financial information like

[EndZonefor7]

Agree on all points Rm90090, which is why I think if there is any substantial news it is being withheld until the PP closes. Financings also save us in sh*tty markets too like last week when it dumped to $3.08 but bounced back due to the tight broker support. We definitely need news to move us to a new level but it is never usually announced during PP's. We have 60 or so holes to come out

[caramba71]

Thx for the feedback endzone and rm90090. Agree on the PP and any additional substantial news following. If I recall closing is expected within the next few days so we'll see soon. Question:  Is there a way to find out if the over-allotment option was exercised and to what level or do we have to wait for the news? I believe there was a deadline for it like 2 days before the closing date

[Rm90090]

Agreed Endzone. Makes total sense that they would wait until the placement finishes. Even if they release news about assays confirming an even larger resource - I wouldn't be surprised if the share price is not effected. CNC has established a massive resource already. The current share price is way to low if the investment public was certain that it would become a mine. To me, investors are

[EndZonefor7]

Agreed Rm90090, our direction via stainless and EV's is of utmost importance as the next step. Nesbitt and McDaddy assay results will clarify if we have multiples of today's known resource. Thats very important data for any third party negotiation determining if we have two or three Crawfords. The economics of any deal could change massively.