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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.
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Comment by mcuglyon Oct 28, 2010 10:38am
569 Views
Post# 17623770

RE: WebBroker News Alert

RE: WebBroker News AlertI guess this means that they could not secure financing from SocGen and CBA. This is an extremely heavy dilution of shares. However, if it keeps the company afloat long enough to start producing and generating revenue again, then it could prove rewarding long term. I wonder if they'll be able to find  enough buyers.  Also remember that Resource Capital can still convert the original $10 million into 107 million shares diluting this puppy even more. That would bring the number of outstanding shares to approx. 475 million .

GLTA longs as this will take some time to build shareholder value IMHO.
Bullboard Posts
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