Royal Nickel Corp. RNKLF

RE:Today was about short covering

[timmuggs]

yesterday was also revealing...

If we look at the price of KL together with the price of RNX, it begins to look like Sprott has a plan:

Run up the price of KL, and hold back the price of RNX. Then make an offer for RNX using KL stock. The higher KL goes, the better price Sprott gets for RNX.

I don't mind an offer for RNX to be paid in KL stock, as KL is an excellent miner, IMHO, and it's not saddled with debt, unlke most majors. It would also give RNX access to funds to expand rapidly without dilution. So the returns would be good long term, even if we give up some immediate gain due to price manipulation. 

However, it seems suspicious to me that Kevin Small was posting photos of new nugget finds for awhile, and then he stopped, like someone ordered him to do so. It seemed like Kevin Small was trying to indicate the value of RNX, building it up even if the PR function was not doing so.  Why would Small do that? Maybe he felt that Selby was not trying to get top value for RNX? Pure speculation on my part, but Small's postings were highly unusual.

And then the actions of Mark Selby have been curious too - he spends his time promoting gold nuggets at trade shows, when it seems like he should be leading negotiations with potential buyers, or building strategies to maximize buyout the price.

Regardless, it looks to me like Sprott will try to take out RNX at the best price he can get, and do so before other majors get done with their decision process. Holding strong.