GREY:RNKLF - Post by User
Post by
arh0070on Jan 10, 2019 11:38am
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Post# 29212530
royal nickel
royal nickel Nothing will happen to the share price and no new news will be released until after the offering is closed which will be in about a week .There are a lot of shares outstanding and the company is richly valued ,The key will be if they find a large high grade deposit a la Fosterville mine .That remains to be determined but they are off to a good start and will have ample funding once the private placement is closed .I bought some during this quiet period since the share price will be kept down to the pp offering price .Presumably the ones in the know who are contributing the 9 million to the pp believe there is a chance of a big high grade profitable deposit .Good chance to buy in at the same level as the big money people .arh