Royal Nickel Corp. RNKLF

RE:RE:If RNX returned to mining 100% Ni shares would go to .20 eom

[factRbest]

TysonGoldsack00 - (8/14/2018 11:35:47 AM)
RE:If RNX returned to mining 100% Ni shares would go to .20 eom

I noticed that once Trump's trade war with China dropped; the metals market tanked basically.

For companies like RNX- that have no real money and no hope of raising real money- it was end game.

The whole cobalt/ lithium thing was a bubble supported by the assumption that N.America could supply car battery juice to an unlimited Asian market.

Well that's just not going to happen. RNX represented that bubble. Now that all hope is dashed they will run out of money and options long before conditions change.

Hopefully they do a reverse split soon everybody can short the stock into oblivion.
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Your wrong about that.
The Dumont cobalt was hyped after the Beta Hunt disaster had taken hold. Selby then started calling Dumont a cobalt deposit which he had never done before.
When he first used cobalt in the name I called him on it here.
It was a pump and dump without the pump thanks to Beta Hunt.

Nickel is used everywhere from kitchen appliances to rebar in bridges.
If no one has noticed the economy is doing well and that means more nickel consumed.
Look at the LME nickel inventory it is continually dropping. While nickel prices are down they are still up near 50% from the lows.

This is a viable company without beta hunt gold, or was.