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Bullboard - Stock Discussion Forum Canada Nickel Company Inc V.CNC

Alternate Symbol(s):  CNIKF

Metals & Mining Industrial Metals & Minerals
Canada Nickel Company Inc. is a Canada-based company, which is engaged in advancing the nickel-sulfide projects to deliver nickel required to feed the electric vehicle and stainless-steel markets. The Company owns flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. The Company also owns 25 additional nickel targets located near the... see more

TSXV:CNC - Post Discussion

Canada Nickel Company Inc > Novice question........
View:
Post by CravingProfits on Jan 04, 2022 11:15am

Novice question........

Why did CNC get a 10 million dollar  loan that is so short term?  How will they be repaying this loan ?
 Issuing shares or do they expect an influx of cash shortly?

Thank You..
Comment by Seahawk001 on Jan 04, 2022 11:47am
I believe the short term loan is to get them through till they get their strategic partner. a short term loan gets them through to the strategic partner process 
Comment by EndZonefor7 on Jan 04, 2022 11:49am
Read the last PR again. The strategic partner got delayed for sometime this quarter. Its a " just incase loan" is how I viewed it.. They probably don't even need any of the cash yet as they just did a $12 million PP not long ago.
Comment by CravingProfits on Jan 04, 2022 12:17pm
Thank You for the replies. Sounds to me like this might confirm the "Strategic Partner" negotiations are a near probability and not only a possibility. Thanks again
Canada Nickel Company Inc