GREY:FNKLF - Post by User
Comment by
mcuglyon Jun 18, 2015 11:56pm
286 Views
Post# 23847286
RE:Annual meeting
RE:Annual meetingObviously the price of nickel has had a major effect on this situation. If the price had recovered as the so called experts predicted it would this year then their operations would be profitable. Management has done everything possible to keep this company a going concern but market forces have proven to be too much for that to continue. With the backing of their major shareholders they could put the mine on care and maintenance for 6months to a year and hope that nickel rebounds. If they did that now, before mining out the remaining ore at a loss they could possibly salvage it for the inevitable increase in the price of nickel. Just some food for thought. Perhaps you could address this at the meeting tomorrow Caddyman.