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

Post by Triggermanon Jun 18, 2008 2:05pm

396 Views

Post# 15199618

Question

   I've been out of touch with FNI since I stopped trading it
6-7 months ago.
   Did anyone attend the AGM?
   If so , has anyone got a direct answer from top management
about if and when they are going to reverse split / consolodate

the stock?
In my opinion , this is the single biggest issue / risk involved with
FNI , and likely the main resons the stock has done nothing but
trend down since $1.95 .

   The positives .... FNI has great properties and has been able
to grow production.   But they still haven't found a way to
get profitable during periods of very high nickel / copper prices.

   So , money needs to be raised to achieve the goals that will attract
new investment.   The big question is , how will they do it?
Yes, I know they have 18 million in the bank.... 18 million
is a very small number when you need to upgrade and develop
an old, run-down mine site.

   How will they finance the future until they can get profitable?
(Relying on a buyout is not a viable investment tool).