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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 > $1.37 re-visited and dropping..and this is the news?
View:
Post by fiddycent on May 24, 2023 8:21am

$1.37 re-visited and dropping..and this is the news?

Although it's good to have "filler" news, this latest news release does not answer any of our most important long standing questions.
PEA?
Texmont? (the news release hints at it)?
International deal?
National deal? 
Local gov't (provincial/federal investment)?

The share price continues to drift lower despite CNC advancing its position in Timmins. It certainly shows a lack of confidence. It is a serious concern from a deeply invested shareholder. Am I alone here? Am I missing something?
Comment by Youbetyourask on May 24, 2023 9:31am
There are a few reasons for the share price dropping and the biggest one right now is confidence. With no information or security from the good old USA as to wether or not they will be raising the dept ceiling the market is feeling very insecure as are a lot of us. When the as predicted short term inflation after Covid lockdown didn't pan out and inflation being way higher and lasting ...more  
Comment by EndZonefor7 on May 24, 2023 10:21am
Well said youbet. 
Comment by EndZonefor7 on May 24, 2023 10:58am
Fiddycent, the FS will determine any OEM deal. If you're a battery/carmaker you'll want to see the economics first. Same goes for government money.     You can bet there are many of them lined up to negotiate once numbers are known with Russian nickel booted which is 20% of market. Don't see Indo nickel being allowed. Same as letting China in which is whole reason for NA ...more  
Comment by CanadianPatriot on May 24, 2023 12:44pm
Endzone ???  LOL PEA by end of year? You've talking PEA holding down share price since 2020!!!! Then it was FS... by end of year last year one of a number of timelines.  Then it was January of this year. Now its sometime later in the year LOL.
Comment by CanadianPatriot on May 24, 2023 12:54pm
Endzone?  Oh what happened to your narrative that the FS was delayed intentionally (convenient that you clarified this after the dilution) so taht the PEA can be completed for Texmont that has been abandoned for decades.  And that doing both would be good. So why are you not doing the FS and PEA just PEA now?
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