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First Nickel Inc. FNKLF

Metals & Mining Industrial Metals & Minerals
"First Nickel Inc was incorporated as 2035666 Ontario Inc., under the laws of the Province of Ontario on November 12, 2003. The Company is a Canadian mining company focused on becoming a mid-tier base metal producer through the successful mining, exploration, development and acquisition of opportunities throughout North America."


GREY:FNKLF - Post by User

First Nickel Inc.
Bullboard Posts
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Comment by threecpxon May 29, 2008 1:41pm
252 Views
Post# 15123642

RE: another insider buy

RE: another insider buyBuy at 30 centavos and not a penny more  or

buy after a share buy-back program annoucement or

employee share ownership buying program news or

shares for debt offering.

Which will be the most likely option ?

Insiders really do not ahve to buy back any shares of the open market at least for the BOD. They they option themselves shares at 10% discount to the marekt price so at 30 centavos, when it gets there, they can opion 10% at 27 cents or morelikely 7.5% at -10% market price.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities