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Bullboard - Stock Discussion Forum Fathom Nickel Inc C.FNI

Alternate Symbol(s):  FNICF

Fathom Nickel Inc. is a Canada-based exploration company. The Company is targeting magmatic nickel sulfide discoveries to support the growing global electric vehicle market and to secure the supply of North American critical minerals. The Company has a portfolio of three exploration projects located in the prolific Trans Hudson Corridor in Saskatchewan: Albert Lake Project, Gochager Lake... see more

CSE:FNI - Post Discussion

Fathom Nickel Inc > Should have done this PP when the stock was 5c
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Post by PeterPanner on Nov 05, 2024 6:20pm

Should have done this PP when the stock was 5c

Wasnt the wait to avoid a fully dilutive PP because so many options were on the tables?  They did exactly what they told us they wont do, but worst.  Ouch...  why a full warrant per unit?  ghezzz
Comment by 4marlin on Nov 05, 2024 7:09pm
Well, without a warrant they certainly wouldn´t have been able to raise the funds. Bb
Comment by solotrader on Nov 06, 2024 9:22am
Agreed.   No warrant, nobody would even look at it! " Each unit (the "Unit") is comprised of one common share ("Common Share") and one-half of a transferable Common Share purchase warrant (the "Warrant") with one whole Warrant entitling the holder to acquire one Common Share ("Warrant Share") for a period of 36 months from issuance at an ...more  
Comment by PeterPanner on Nov 07, 2024 10:08am
So it's one half per unit?  It is better than a full warrant.  nevertheless,  Sad to see where this goes.  I will remove the ticker from my list for a while, can't see it tank lower. GLTA.
Comment by PeterPanner on Nov 07, 2024 10:13am
I think they could have negotiated a better deal if Ian had shown a real and strong interest in going for gold, or when the price was higher (6c).  The way things have gone make me think Mr Fraer might not be that different of Mark Scott and crew that loves to piss on shareholders money.  When the SP looks destroyed on purpose, it raises concerns and I ask myself question about the ...more