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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. > Hi Mc Ugly..... Hmmmm. Doesn't sound right as an intro. Lo
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Post by Wangotango67 on Jan 01, 2015 3:46pm

Hi Mc Ugly..... Hmmmm. Doesn't sound right as an intro. Lo

It's a multi faceted problem.... 

There are jobs at stake - and first and foremost - let me clarify something I said lastly.... Jobs comes first - families come first.... And if it wre me - I would make this imperative. 

Secondly - a story if I may....  Suppose I wre a new up in coming bank financier - I needed a contract - but not just any contract - a big contract.   After all - I make money on loaning and on interest. 

If I secure a contract - multi million contract - I look good and scale the ladder.  If a company (any company) had a stock devalued - I would know that it would be impossible for them to offer shares and drum the money from the shares tondo what they need to do. SO why are certain important stocks taken down? To pennies - would it not force important comnies such as resources and energies - to seek out financing? Hmmmm. I always wondered who shorts stocks and for what gain - is there after it's shorted - perhaps my holds merit. 

I agree with you mc ugly - a contact is sign sealed an delivered.    Sometimes irrevocable. But - sometimes if a company can't make any money - and they contact the other. Omapny such as the refiner in question - and say - we can't kep going at such an exuberant refinery rate. We need to make it so - that we stay in business and you the refiner too. A win win for all. Otherwise - it's not in the refiners interests to screw themselves out of gaining or keeping the present business.


Thirdly - it's about streamlining - and no - not going into debt to hire some outsider to tell you how to cut back or what to do.... Manage,mt knows lots and so does the accountant.... And with a meeting of minds - surely a resolution could be sumized.  

So - it's about new contract or revising an existing contract. 
Secondly - it's about streamlining and saving - where possible to make itrofitable and putting in place a doable payment streaming - that will bring down the debt - rather than seek out a financier to pull you out of debt and in all actuality place you  further in debt. 

So if the company took these first few steps - I'm sure it would spark interest - and I would seek warrants instead of current share offerings - at least with warrants - they could command a better warrant value - it would guarantee the warrant holder  x. Amount of dollars at x date and eliminate the need for a financier.  Furthermore - nickle is on the rise and expected to rise more - and it appears china is where it's at - they need nickle and lots of it.... Perhaps they could FNI - form new relations with a china buyer that purchases raw nickle - with this new dollar number - of what they could fetch with raw nickle - perhaps it's not too far off of what they are paying and hopefully less than it being refined now wit the compNy that charges too much to refine their nickle.


If so - again another good avenue to consider - and of ourse there is the management cut backs - streamline management - and production costs and see where there are ways to cut back.  As for the. Refiner issues - I don't know the exact contract in details.. It seems the last report I read - it was a hidden value - it was not mentioned for reasons of hmmmm . If someone does know - please do divulge... So - if it's a contract based on - years and not poundage - then cut the resources back - till the contract runs dry.... Why piss away the nickle - deplete the resources - for no reason when - resources are valuable and once depleted the land and claims and mining operation is no more good... Yes.. Why deplete and give it away... When you don't have too.. But then it brings us full circle back to.... Jobs and cut backs... Yes... It's a real fffff. Mes... But... I'm sure there is an answer - to address each issue.... And I like to focus on the shorting issue.....  Why is it being held back.... Goodness..... This is a mining company that produces really good poundage in nickle. Whom ever wants to suppress it... Wants to gain from it... And like a financier who Ned's to make monies on interest... I say who the hell really knows...

All I know is - as an investor..  This stock should be dollar value.... And each day I see the screw around with short trades made.. Even 500 shares that change the price to suppress it... And if everyone used my theory of valuing a stock - perhaps this stock would rise... Changing your offers and raiding them.... Certainly would help and break this penny valuation - next it would rise the stock and help e company to fore shares and upon selling them - they would get enough monies to do what they need to do _ without a financier.  Hope this has helped ... Cheers !
Comment by mcugly on Jan 03, 2015 1:40am
What makes you think that this company doesn't care about jobs and family? As for financing, nobody is going to scale the ladder or make points with a company like First Nickel. As for the shorters, let's put things in perspective. If you short a stock at $10/share and it drops to $1.00/share you earn $9.00/share. If you short a stock at $.015/share and it drops to $.05/share you earn $.01 ...more  
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