Some stocks approaching all time lows

   Scandium International {TSX.V: SCY}

SCY is one stock of a few stocks we follow that are reaching all time lows, others are Canuc Resources, Zenyatta Ventures, and Komet Resources.

Is the market shaking out those companies that are struggling to raise funds? In the last month there have been no bought deals (Source Oreninc).

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SCY is one stock of a few stocks we follow that are reaching all time lows, others are Canuc Resources, Zenyatta Ventures, and Komet Resources.

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Is the market shaking out those companies that are struggling to raise funds? In the last month there have been no bought deals (Source Oreninc).

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Scandium International have a licence issue, which knocked the shareprice over a dispute with the landowner, which is never good news, but surely there is more value there than the market is giving at the moment?  These things are normally worked out with money, and without knowing the details of the dispute, it’s hard to believe a resolution will not be found that will be mutually beneficial at some point.

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Zenyatta are struggling at the moment, and clearly need to raise a decent slug of funds at some point, but can they do it in this market?

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It looks as though investor appetite to keep funding the moose pasture explorers has evaporated as Canadian investors at least are focusing on marijuana and crypto stocks. If this continues there will be a supply gap at some future point because if the juniors aren’t developing mines there won’t be any projects for the seniors to replace their depletion from.