Canada Nickel Company Inc V.CNC

Investors...Not Partners...Let Us Review the Facts...

[Digger0144]

The fact is that Samsung has come in as an investor...not a partner...according to their due diligence and investment thesis at this point in time Canada Nickel is valued at $1.57 per share.  Yes, they have signed an off-take agreement but in my opinion until they put up the 100 million US the paper that it is written on is worthless.  They have risked 25 million Canadian, barely a scratch when it comes down to it.

The Bankable Feasiblity Study indicated that they need 2 Billion US to build the mine...Wow!

Agnico Eagle has also come on as an investor...again...not a partner to the tune of 35 million Canadian.  However, the shares that they acquired are on a Flow-Through basis @ $1.77 which means that the risk that they have taken on is basically almost zero...yes zero.  They pay taxes to the Canadian Government each year...after the first year they can right off 70% of their investment due to the fact that Canada Nickel relinquished there rights to do so.  Instead of paying the government they have decided to invest in Canada Nickel.  They purchased 19.6 million shares,  if this goes south they will dump the shares at some point...overhang to be sure!

According to the financial statement Canada Nickel at the end of July, 2023 had 7.5 million in cash and cash equivalents, they can only use the investment from the flow-through shares for exploration purposes only which leaves the 25 million for general and administrative purposes.  However, they must pay back the loan of 16 million Canadian to Auramet which leaves them with 9 million to add to the bank account.  They more then likely will be forced to raise cash soon enough.

The time to buy this is when tax loss selling was overdone, quite the opportunity to the brave...what a pass.  I am currently out of the stock and will stay on the sidelines to see where this stock settles down to.

In my opinion they have a lot more work to do to de-risk the Crawford Project and will not be rewarded as some might think.  I believe that Selby wants to unload this to protect his personal investment which is sizeable...he has found no serious takers at this time....the clock is ticking.
What are the future Catalyst's?  Basically, all the news is out.

As for the Carbon Capture...it must be proven on a large scale basis...so far only a small Pilot Plant has been used as the case study...it will take years and many millions more to prove it out. 

High risk play to be sure...trading stock...thumbs up...let us see where it settles down to...after that we may get another move up by those investors that feel that they missed the ride.

All the Best!
Digger144

[EndZonefor7]

 Too much effort wasted to scare off shareholders. The only way  accumulation by the big boys is to buy on the open market. This will be volatile as they try to shake out the weak.  "Basically all the new is out" ...  with 20 other conversations happening? Right. LOL 

[apapas1973]

Digger, we have around 42-43 million after the Auramet loan is paid back. I haven't checked the cash already on hand but that 7 or so million sounds about right for July 2023. Going from memory. I'll cut that in half because it's now January. So we should have have somewhere around 45-46 million on hand. That's a good amount of cash but yes we are a massive project so the cash burn

[Digger0144]

Hey apapas1973... The money they received from Agnico Eagle was a Flow-Through raise...therefore the 35 million can only be used for exploration purposes only. The money raised from Samsung namely, 25 million can be used for General & Administrative purposes....they must pay back the 16 million borrowed from Auramet...that leaves 9 million dollars in the bank...that leaves whatever is left

[apapas1973]

We're a junior exploration company digger. Most of the money will be used for exploration. 35 million $C from Agnico, 25$C from Samsung then minus approx 16 million $C Auramet . Plus if there's anything in the bank already. Of course some of that will go to administrative. You're splitting up the cash and saying we only have x amount left because they can only allocate the flow through

[smallcap1967]

Agnico Eagle Invested 23.128 Million see their website https://stockhouse.com/news/press-releases/2023/12/29/agnico-eagle-announces-investment-in-canada-nickel-company-inc

[idlefreebird]

Digger my old friend ..i thought yu had more class than that lol ..you still right a nice piece but missed some details ..your DD is weak... Nice you choose to come out on a down day lol .. First of all update yourself we are in Jan 2024 and the presentation shows the cash on hand and debt not including Samsung..Basicaly debt paid would have cash on hand of 61 million therefore deduct the

[CravingProfits]

Love you Idle! You say it best and with knowledge. Tomorrow could(?) Be a good day. We will see. Glta

[Digger0144]

Hey idlefreebird... Just stating the facts. "Nice you choose to come out on a down day lol" Come on Bird....I could of bashed this thing all the way down to $.89 back in mid November, 2023...not my style. This latest rally will not hold...let us see where it firms up at. All the Best! Digger0144

[Chieff]

Your comments are irresponsible. You are either misinformed or being malicious for some reason.  You need to do more research to inform yourself better regarding all the facts of this project and how the investments work.  I've followed CNC in detail for over 3 years now and disagree with so many of your statements that I don't know where to begin nor want to waste my time

[SamMc1969]

You ever notice how a good used car salesman can take any information and make a convincing argument in their favor. Welcome back digger... 2 mining companies have invested, and now a international east Asian battery manufacturer has invested money in CNC. Can you name any junior mining company with similar endorsements? I'll wait....I'll just hold my shares thank you very much. Sorry I

[CleverThoughts]

Misleading..... I'll go with the DD of AA, Agnico and Samsung over your due diligence.  Three top tier companies have given their Endorsement of CNC. Enough said.