Post by
SamMc1969 on Feb 11, 2024 12:33pm
Processing Plants Announcements
I've been in this stock all most 4 years now and continue to add when possible. This investment has been a roller coaster of a ride to say the least. The last announcement has me more than a little intrigued. I can't escape a few thoughts concerning the last press release. I can't recall any company at the size or stage CNC is ever making this type of announcement. The whole nickel district, carbon capture, down stream processing closed loop industrial complex is a bold vision for sure. The one thing that sticks out to me the most is the way it was announced. Normal protocol I would believe would be to announce CNC is exploring the feasibilty of building processing plants, Not CNC is building 2 processing plants and have poloticians, first nations and the media present with great fan fare. This leads me to believe a lot of ground work, partners, funding, roi, have already been vetted and lined up. My gut tells me more announcements around Texmont and steel producers are coming soon. Seems very risky to have that type of announcement without a great deal of confidence things are coming together. I could be wrong, time will tell. GLTA
Comment by
smallcap1967 on Feb 11, 2024 1:35pm
I think there are only two ways to look at this 1) they have government funding or a major partner for at least part of this or 2) he is absolutely desperate. Remember the loan is still not paid off despite raising money. I lean towards the fiirst senario as this will ruin his career if there is not more behind this.
Comment by
idlefreebird on Feb 11, 2024 4:55pm
endzone , correct ..there were a select few that got invited to Washington last year with the big wiggs..Mark beung one..glta