Gaining momentum again......The insiders are starting to push up the stock once again. Whether this has any legs this time around to sustain a long term up trend remains to be seen though. Coming on the heels of a couple of takeovers in the junior Lithium market & the Noront buyout in nickel last year, this company is well positioned in both sectors to take maximum advantage of the coming investor euphoria. This includes the incredible deal Talon Metals struck with Telsa this year alone for Nickel supplies.
The comany has good assets that are well placed close to major discoveries in both metals and their books are in good shape as well. It will be difficult to see Nickel Rock not participate in some meaningful way in terms of share appreciation for how they've positioned themselves on two crucial sectors for EV. I would be very surprised if the stock does not react in a tremondous way this year, very. Even though i'm very disappointed with the progression of the company with regards to the development of their assets, unless the mgmt here is completely incompetent & foolish, this stock should do well in 2022.
As for why the stock is moving now, it could be for several reasons. The most obvious of course, is a resumption of drilling programmes on both properties. Imo, we should be getting some update on this front very soon. Another reason could be one i mentioned last time, the initial stages of maybe some badly needed equity financing coming soon. As i usually dread the idea of dilution in any company i own without justified reasons, in this case they have no choice if they want to forge ahead to develope the properties. As long as mgmt is respectfull of their current s/h and has some consideration for them. If the financing is done with those factors in place, everything should be fine & dandy. Personally, any PP around 0.15 is fine with me, as long as they direct the majority of those funds towards property developement and this process is expideted as quickly as possible.
So let's give managment a chance here, to see what they can accomplish this year. Hopefully i & other s/h won't be disappoited again.
GLTA