Canada Nickel Company Inc V.CNC

Horrible deal for Giga.

[apapas1973]

This deal will be a disaster for both companies. They gave up 15% equity for 8 million. That money will be gone in a few months. When mistubishi actually realizes what their capital expenditures will be for this mine, there will be no more deal. Lol.

[Davec12]

To me sounds like Mitsuibushi knows exactly what it is doing. Takening a substantial ownership position for almost nothing.  They know a big partner will need to come in and do the development of this project. It has been published previously that phase 1 alone is 1.5 billion and phase 2 of another minimum .5 billion They are just keeping a nose in with the hope something works out over

[Rm90090]

Agreed. The capital expenditures and possible obstacles are well known. They have gotten in so cheaply. I really hope this doesn't make Mark'S negotiating too hard as other companies might want the same type of price geez 

[idlefreebird]

RM9000 , mARK HAS SKIN IN THE GAME AND KNOWS THE GAME QUITE WELL...HE WON'T BE BULLIED OR TAKEN ADVANTAGE OF...HE'S IN TOTAL CONTROL HERE NOT LIKE WITH PAST PROJECT...WE WILL GET REWARDED...GLTA

[apapas1973]

Agree with you Davec on mistubishi getting a deal. For now. Or at least it looks that way. Majors know the costs of building this out so they may not be too keen on jumpiy in. Maybe out if desperation. Stthis point 8million is nothing for Mitsubishi. Theyll write it off when it's said and done if necessary.

[danreynolds]

Could Giga maybe have been running out of cash then and had a tough time getting financing during this down market? Another point to Mark for securing the deal he did earlier this year in anticipation of a bear market this year.