Post by
apapas1973 on Feb 21, 2024 7:39pm
Agnico could become our knight in shining armour.
It's no secret that the nickel industry majors are going through some hard times. Forget about juniors. No point in even discussing them. I would think a gold company major may be the best way to increase value in CNC. BHP, Glencore etc all have their own troubles. At this point I would think they're far from making any further nickel investments at least till things improve. On the other hand gold is trading near its highs and I expect it to make new highs this year. That should put gold companies in a very strong financial position. They would become the perfect candidates to invest in Nickel if they see a future there. Especially if they're getting in, in the first inning. I'm not saying they'd blow billions for nothing but I can assure you at this time, they'll part with some cash quicker than any other nickel major that's currently looking to cut costs to survive. So far Agnico is proof of that. I expect to see other Gold/Silver companies making similar investments. GLTA
Comment by
apapas1973 on Feb 21, 2024 7:55pm
If you think they're going to wait till 2028 to make an investment when the coast is all clear , you're delusional. If these companies feel there's opportunity, they get in early. GLTA
Comment by
EndZonefor7 on Feb 21, 2024 9:46pm
Agnico did there DD before putting their name out there. They talk investment purposes but why would they want a BOD seat if they chuck in a bit more cash ? They wouldn't let their investment get bought out cheap that's for sure. Neither would the insiders as CNC keeps proving up more Crawfords. Webcast should be interesting.
Comment by
idlefreebird on Feb 21, 2024 10:01pm
endzone , looking forward to webcast to see how many areas will be targeted to have resource completions by year end ..texmont before PDAC would be nice then by year end Reid , Bannockburn,Midlothian, Sothman ...Mann is a beast but lots of work there still to do lol ..we shall find out Friday ..glta