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Bullboard - Stock Discussion Forum First Nickel Inc. FNKLF

"First Nickel Inc was incorporated as 2035666 Ontario Inc., under the laws of the Province of Ontario on November 12, 2003. The Company is a Canadian mining company focused on becoming a mid-tier base metal producer through the successful mining, exploration, development and acquisition of opportunities throughout North America."

GREY:FNKLF - Post Discussion

First Nickel Inc. > Ask yourself lots of questions .....
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Post by Wangotango67 on Jan 01, 2015 10:09am

Ask yourself lots of questions .....

Why is there a refiner deal set in stone ?  Is it an excuse - and a good one "wink" to justify the means of saying - they can't get around it ?  Or are there other solutions to remediate this - excuse that the refiner is the cause to the problem -  but yet -  if FNI - said to them they're closing -  how fast would the refiner cut a deal to facilitate FNI - to reduce the nickle refining costs. I say the refiner would quickly cut a new deal - if they new FNI - stopped nickle shipments to be refine .  No nickle to refiner - it reduces their profits - it goes both ways. 

Secondly - china is running low on nickle and Cuban nickle miner - another one is shutting down for improvements - yet another one and on top of all of Indonesia 's new laws of keeping all their nickle and no more exporting it - creates a massive shortage of nickel.... And apparently China's nickle stockpiles at the port are getting low too. 

If everyone was a Charlie trader - the stock would go up up up.  Everyone offers 100 shares @. .30 cents.  First few trades - on the buy - the exchange would read it and take it and seta new price. Spot metals not only dictate stock prices and not only exchange market valuation but guess what ?  People do too. If you value your favorite ice cream vendor - you'll pay anything to get your favorite ice cream right? 

It's like other investors - they. To only buy stocks to make money - but to be apart of that company - take for example - many buy google not to only make money on its stock - but to drop the name to friends and say.... I've got google stock... It's like a designer preference - you also buy what you like... What you desire - just like people buy gold. Same principal. 

So where am I going with this ?  What I'm trying to teach is - if everyone became a Charlie trader FNI - would sell far higher - and I too believe FNI - should never be this low in stock price. There are many other jr's who are far higher and not even in production. Soooo... This means FNI - should be far higher and explains what happens to a stock when it's taken far lower than its value - based on shorters running it into the ground - and then leaving it... If no one knows how to repair it - it will stay there permanently till a major situtation like - there's no more nickle - available on world spot markets.  So - I know I don't want to wait to it gets to this - it may never happen...  Lol


so what does one do? You prize your stock like it's your favorite something - next if you must sell - sell what YOU think it's worth..... Do a lil D&D - and you'll soon see what other companies are worth in the same metals market - and you value it as so - and upon a sell - and if everyone did this - heck even a few - this stock would rise and rise.. Till it found its rightful placement.... Hence this is this is a perfect example - and you sometimes see other stocks - that are over priced or undr priced like FNI - and the ones that are over priced are usually ones that are sought after like a google - or brand name desire. Soon the stock will settle at a valuation that the market and investors say.... Yes... This is what it should be at.... And it settles there... Till more news...

till then - FNI - needs to not go more in debt - it should fix its refiner situation and ask - is it better to sell to china raw nickle in refined - vs refining it.. Next focus on debts - not go more in debt.... And put out more pres releases - that are forward looking to help the stock and investors.



If no moves are taken now - especially when nickle stock piles are soon to be squeezed - then I say management doesn't care - and that they have their own lil country club deals - which only profit the group which they are involved -  management - refiner - financier .... Period.  


So - ifvan investor is wise - he will know that once a company offers shares for sale - it's a one fear - they go to he exchange ask for a share offering - the exchange gives it - grades the company with more dilution - and the company offers shares and gets monies - after this - those sames shares are handled by the exchange - just like a tax on tax on tax... Over and over usage.... Meaning those same shares are bought and sold over and over... Exchanges gets a small cut and shareholders pay what ever they are offered at - which means it will never go up till the investor changes it himself - and prizes the company and values the company - or good news changes the share price - and at the rate FNI is going - I don't see any good news... I see more debt more financing and a possible indebtedness to another financier? Which keeps the lil party going for only them and whom ever they invite in - squeezing out the shareholder who made it happen for them in the first place . So why are shareholders needed if they are only used to grow a company and help the company and pay management to make their company successful - only to get screwed in the end? 



Put it this way - FNI - know they can't do share offerings - think about it - if they wrests offer shares @ .01 cents and offered 10,000,000 shares - it would only drum up 100k in monies to use. Which is of little use. And would only result in massive dilution and eventually their market cap valuTion would be worth nothing. 

so -  refiner issues - should FNI sell raw nickle to china that needs it and still make the same amount of monies especially knowing Indonesia and Cuba have issues with shut downs and new laws prohibiting the sell of nickle and all the while spot is rising and. FNI is this low and in production with how many millions of pounds of nickle being pumped out? 

We we end a restructure of company management and refiner or no refiner and shareholders that defend stock prices - valuing their stock and if they must sell place it higher... Remember the exchange is just a computer - it reads last trade - and to fight the shorter orvwhomever is doing it - placing the small trade every day ensuring it never goes up - you have to question who it is - company ? Financier ? To their advantage of keeping low forcing FNI into a financing deal ?  Or is it someone else that is manipulation spot nickle ?  Or perhaps a buyer who needs the share price low for a cheap buyout - or the country club excuse... 


So it the end of the day - we need news and better news not debt and refinancing and refiner bad news... Then shareholders pricing their stock and if they have to sell.... Sell at a higher far higher price.. It's how the exchange reads it.... Cheers !
Comment by mcugly on Jan 01, 2015 1:15pm
A contract is a contract and cannot be changed until it expires or if the two parties agree to changes. As for financing, where do you expect the company to get the necessary money to continue operations? Currently their largest shareholders, Resource Capital and West Face hold the majority of the debt as well as the shares. The company is currently in advanced stages of renegotiating their debt ...more  
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