Canada Nickel Company Inc V.CNC

I guess lower it is.

[apapas1973]

I was pretty confident we bottomed in the low to mid 240's. It looks now like we have a visit to 225 ish. A break of that and forget about it. You don't want to know... WTF.

[caramba71]

Agree apapas. It's quite disappointing to see the slow decay.  Come on - we raised 12 Mio at >$4 which will get us close to FS next year. I sometimes still wonder if one of the main reasons for a lack of interest is the fact that this is a low grade open pit play.

[apapas1973]

All the juniors are suffering Caramba regardless of grade. It's not just CNC. We're just playing catch up now. The other juniors took their hit well before CNC. What I can't figure out is whether this is just manipulation or whether someone knows something.

[EndZonefor7]

Ugly day all around, few stocks left unscathed. All you can do is roll with it. Disappointed? Yes. Still confident ? Extremely. Look at Ford and South Korea battery deal. Look at Benz battery deal. You can't find anything close to CNC district potential IMHO.

[caramba71]

Insiders bought this in the 260 range and here we are: 232.  I was thinking about adding more shares but with what is going on (or better not going on due to the lack of news), it looks like it's just best to further wait.  Even if the most positive news will make this jump, there still will be plenty of time to get back in, and possibly at the I bet I'm not the only one

[DrNo1962]

apapas1973... Also can't figure out what is *really* going on here. Relentless and consistent selling pattern does not seem natural and has been going on for far too long to be related to flow-through financing (which as expected did start the slide here). Excusing price action as "well all nickel stocks have taken a hit and CNC has done well" is a very weak argument IMO. I see the

[apapas1973]

DrNo... Yeah there's something else going on. Don't know what at this point. As far as using the price valuation down here as a JV, I think is a long shot for a property this size. And as far as why insiders are not buying down here, there are 2 possible reasons. They think it's going lower so they could get a better entry or they're privy to company news and can't buy knowing

[DrNo1962]

apapas... look at depth right now... 2 houses comtrolling almost everything +/- 5 cents in either direction... has been like this for weeks during entire downtrend... IMO this is not a coincidence... question is motive.

[EndZonefor7]

The thing is the volumes aren't huge, just no support and seems to be getting easily manipulated. The chart is a disaster and will take some big news to turn this around. Capitulation day ? 

[apapas1973]

DrNo, endzone... I dont know what to say anymore. I'm am actually speechless. This is either the biggest hoax in recent memory or the biggest shakeout of weak hands in recent memory. There is zero pushback on the upside... Capitulation will include once again a blood bath. 5-7 days of intense selling. God help us if that happens.

[grm9727]

In my most wildest of dreams I never would have seen the share price at these levels. I counted myself lucky when I picked up more shares at 2.50......now I wondering if I should add to this or is it a case of a falling knife. I am a little suprised that the company has done nothing to show confidence in the project, in any meaningful way, the only positve was some insider buying in Aug. Its