More astute investors in Fathom Nickel this time around
Yes you make a very good point. The company first went public and raised $11 million dollars up around 70 cents almost 3 years ago. Since that time the share price has only been below 20 cents for roughly 6 months last winter. So there isn't much in the way of cheap out on this one. There was only one bad financing and I'm pretty sure they were mostly flushed out when the company announced the world class intersection of 58 meters of 1.5% nickel last April. Quinton Hennigh made reference to that week of trading because he couldn't understand why guys were selling but it was entirely due to the flow through guys looking for a quick flip mainly for the tax advantage.
So the bottom line is there shouldn't be anything holding this stock back once drilling begins. Any hint of another world class intersection this time around should see a significant rise in the share price. I suspect the short term flippers are long gone and replaced with more astute investors with longer term investment horizons. Fathom Nickel should get a lot of drilling done on both Gochager and Albert Lake over the next 6 to 9 months into some great nickel bearing sulphide targets. There is a very high probability of FNI making an economic discovery in my opinion. Enjoy the ride