Nothing out YET........Still waiting on the company to release some sort of news to explain the recent rise in the stock price. As previously mentioned in my last post, i believe the recent news put out by FPX Nickel on October 19th was in PART the main reason for the increased trading in Nickel Rock's stock. But NOT the only reason imo. As the company still hasn't put out anything new YET and only released a rehash of the FPX news yesterday, i will give them a week to come through with something more substantive & see if this pump really has legs. IF they don't then i believe this was mostly all manipulation (as usual) by the insiders for just one sole & unique goal........which i will explain in just a second.
But first, i want folks who have a vested interest in this company to realize one thing, whatever i may say whether negative or not, i'm still VERY upbeat on this company's future potential. IF mgmt play their cards right.......& are more or less transparent with s/h. As for the possible "actual reason" to explain the rising stock price & increased volume, you must first understand WHO is steering this ship. For those who are new here, i've mentioned several times on this board that the company's stock price is TOTALLY controlled & manipulated by a small contigent of folks. Who imo are either in the company OR are close insiders/friends/acquaintances of the company, as well as the MM's. These people basically dictate WHERE the share price goes.
So IF there's no reason to explain the recent rise either by some sort of news release, company communique or other regarding some operational development on their properties then by default it must be something financially related they are trying to keep under wraps until made public. And this brings me to what is occurring here. Since the company STILL hasn't released any news of some development on their OWN property like a new drilling programme or something along those lines then it must be another internal event not linked to the operational side. Most of the the time, 90% i would say, this would be some sort of financing that's in the works. AND this is what i believe is also partially responsible for the trading along with the FPX news. The people in charge are just piggy backing off the FPX news for other goals.
So if i'm correct and the company mgmt does NOT release a opertational development on their assets soon, i would totally expect a financing deal to be announced soon, most likely a Private Placement of some kind. If this is the case. and i would be believe it has a VERY high chance to be so because of their low levels of COH, then expect a PP deal around current levels. My bet is probably around 0.15, anything lower imo would be a disgrace and tragedy & highly unfair to current holders. Which would also indicate on HOW mgmt regards their s/h & how they intend to treat them in the future. So the ball is on their court now, let's see how they play.
Good luck & God speed