RE: Some thoughts and questions..."I was finally looking into NKL.v which JLee just took over as chairman. Ihad stupidly ignored this at first, but the fact is one of NKL's mainproperties is within spitting distance of wellgreens. It seems JLee alsobrought along Mr. Hall from PCY....
I'm really curious to anyone's opinions on what they might have planned for us and/or NKL?"
I just did a quick glance on NKL and I do mean a "quick glance"!
Albeit premature conjecture and speculation, NKL does seem to tie in with PCY's indication to "consider" spinning off the metal assets. Nickel as in Lynn Lake. Property in close proximity to Wellgreen. Inclusion of Mr. Hall. John Lee at the helm. All things that make one go Hmmmm.
With 32 million or so shares outstanding on NKL, a plausible scenario is one where NKL offers stock to buy the metal assets of PCY where a ratio is then established to current shareholders of PCY who are then issued shares in NKL. PCY becomes a pure coal play and NKL becomes the metal play. Another plausible scenario (ie: primarily based on PCY's potential future stock price) is one where PCY buys NKL via stock and via something akin to a special dividend, spins out to current shareholders the metal assets in a new publicly traded company.
Obviously, I caution against this type of speculation and conjecture. All I know is that Mr. Lee will find a way to unlock value in the Canadian properties just like he is finding a way to unlock value in the coal properties. Hence, and for the time being, I remain firmly entrenched in the opinion that PCY offers the more attractive play.