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Nickel Rock Resources Inc. SSMLF

Metals & Mining Industrial Metals & Minerals
Nevada Energy Metals Inc is an exploration company. It is in the process of acquiring, exploring, and developing mineral resources located in Nevada. Its properties include Teels Marsh West, and Clayton Valley BFF-1.


GREY:SSMLF - Post by User

Nickel Rock Resources Inc. > consolidation
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Comment by Anonxmason Oct 29, 2017 7:55pm
126 Views
Post# 26874267

RE:RE:RE:RE:consolidation

RE:RE:RE:RE:consolidation
Mike1McIntosh wrote:
gatekeeper1977 wrote: I just read the news as well. It can go both ways. Most important is if this will be followed up with some good news in the near future. With lesser outstanding shares the share price also can rise quicker on a low volume. Marketcap stays the same...


ya I get that part. I will have 1 tenth as many shares and share price will go up 10 times. Market cap stays the same. But it hasn't been approved yet?


If you watch QMC they have around 40 million shares. The speed that goes up and down on so little volume (mostly up right now) is a little crazy. If we dilute the shares to less than 10 million, but roll out a new SP at 25-30cents and get some great news, we could roll to $1 or more very quickly. It is hard to say what the best course of action is right now. One thing for sure, the company seems to be springing back to life from having no volume and no news to what we have seen recently. It has fantastic opportunities with its land; that will not be diluted.

GLTA
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