Pump or genuine move?It's been almost two months since i've posted ANYTHING on this board. There was really no reason to as the company & its shares were pretty much in a coma. During that time not much has happened within the company itself or the Lithium & Nickel sectors.....except one little but critical event. Not sure if anyone knows this, but BHP Biliton the massive Australian mining conglomerate has purchased a small Canadian called Noront Resources. This is significant on several levels for companies like Nickel Rock. Noront had operations in the Ontario nickel belt AND Bhp has recently signed an agreement to supply Tesla with the precious metal. This means that Mr. Musk is eager & willing to take in raw material or refined product from Canadian mines operting within the accpetable parameters he has defined. Investors, especially NICL s/h should make careful note of this for the not to distant future.
As i write this and the MAIN reason i'm posting here today, is the peculiar move with some interesting volume i may add, in the stock price.....this day. Not really sure WHAT to make of it as the company, its mgmt, those close to them and the MM's are notoriously known to manipulate the stock price at will for whatever motivations they have. So i'm asking myself again here, is this really a genuine move based on something substantial OR is this just another pump & dump scenario? Imo, this reamains to be seen BUT if history is ANY guide for this company, i'm guessing we'll have a news release SOON to explain all this action.
Personally, i still hold my position here AND continue to believe that Nickel Rock has probably the best blend of pontentially very valuable properties in TWO very critical industries, Lithium & Nickel. Not many highly speculative mining plays can claim this AND have a pretty clean balance sheet at the same time. Should market & investor attention refocus back to the Lithium or Nickel sectors in the coming months by some catalyst or unforseen event, it could potentially make companies like Nickel Rock move up quite siginificantly from here. And i'm not just speaking of a mere 2 or 3 fold move......much much bigger if the company plays its cards right.
For now, i'd advise s/h to keep holding and not settle for mere peanuts. For investors who seem interested nut aren't holders, i suggest you take a strong & closer look at this company. Should Elon make a move on Clayton Valley or there's massive Nickel shortage, Nickel Rock will be VERY VERY valuable indeed.............
Good luck & God speed