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

Alternate Symbol(s):  CNIKF

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 > So much for support.
View:
Post by apapas1973 on Jan 17, 2023 11:21am

So much for support.

The 200 day clearly broke and now the uptrend line was breached. This is obviously being done by people privy to I'm assuming the loan news. There's no way to keep positive news contained and not have it leak out. So that tells me the loan is getting extended with most likely an increase to it and there's probably no immediate inflow of cash. Not sure what Mark is up to. GLTA
Comment by EndZonefor7 on Jan 17, 2023 12:07pm
Definitely feels like an extension apapas. Disapointing after a solid run that once again couldn't hold and find some new support levels. I wouldn't want a large financing at this sh*tty price. 
Comment by Clearskye on Jan 17, 2023 12:56pm
This stock has increased and then retraced at least several times in the last two months.  As a penny stock on days of short volume the price is increased as someone agressively clears the asks only to attract attention and then starts the process of unloading shares.  Nothing unusual happens in a lot of penny stocks. Cheering for financing is a bit of a head scratcher.  The ...more  
Comment by PCGuy10 on Jan 17, 2023 7:53pm
When it comes to being disapointed, this certainly doesn't disapoint us!
Comment by SamMc1969 on Jan 17, 2023 2:30pm
Extremely disappointed there was no announcement this morning. I see no good scenario for extending a high interest loan. I have been a steady backer of Mark and CNC...but at some point someone else has to validate this story besides Mark. And by validate I mean an investment of significant money. I hate to add fuel to any detractors here, but at some point enough is enough. The market is not ...more  
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