Royal Nickel Corp. RNKLF

RE:Higginsville/financing

[ProfBaIthazar]

ES should know about predatory interest lending.

arh0070 wrote: Details provided today .Another 50 million plus shares issued ,borrowed 35million at 10% for a year including 10 million more to fund operations .It indeed was fortunate that last week they found more gold (value)worth 2 million which pushed the value of the company up about 60 million.Pretty obvious the share price rise will be a short term spike .Probably offered an oppurtunity for someone to sell 10 million shares into the market for a better price .Selby is to be admired for his ability to obtain financing to develope the beta hunt .
So now we are left with a company with 35 million in  debt due in a year ,600million shares or so outstanding and a 7% royalty on gold production .They are going to have to find a lot of high grade gold to keep the hamster running around the wheel faster and faster .