Canada Nickel (CNC.V) Update: Mr Market Seems To Miss These Pleasant Surprises
Significant progress since my initial post derisked this highly asymmetric opportunity. Realistic chances to turn into a 100-bagger?
Introduction
Canada Nickel (CNC) has the dubious honor of being the first company write-up in my blog’s Investment Opportunities section. 2.5 action-packed months passed since, so here is a follow-up to my original write-up:
Canada Nickel: Base Metals Junior Company With Upcoming Catalysts And Significant Upside
Introduction Happy New Year! The stars align for my first post in the Investment Candidates category: Tailwinds from the transition to EVs, a range of positive valuation scenarios, the company has already attracted strategic investors and offtakes, ...
TL;DR
The share prices barely moved despite very positive developments: At the start of the year (after the investment of Agnico announced after market close at the end of 2023) the share price of CAD1.40 rose to CAD2.07 on January 15 to drop back to CAD1.49 as of Friday’s close.
A third strategic investor invested into the company: Samsung SDI, a battery manufacturer.