GREY:RNKLF - Post by User
Comment by
metalsrockeron Nov 08, 2014 1:54am
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Post# 23109400
RE:RE:Hey royal time to go shopping
RE:RE:Hey royal time to go shoppingI like the outlook for nickel and am looking for a highly levered way to play it. I'm wiling to take on risk which usally means buing and exploration company or development company. People keep saying I should be looking at RNX. I did a little looking and the key project has been around for decades, right? So why hasn't anybody already bought it? Sherritt looks beaten down and they are highly geared to nickel and oil. Too commodities that are being consumed more and more.
What's going to take RNX from 36 to 72? A buy out? At what price does nickel have to hit for a take out to happen and why hasn't it happened already?
thanks for the help