Post by
mrmomo on Sep 24, 2020 9:15am
Financing on its way..........it seems.
It was only a matter of time before this happened. Though i'm not a huge fan of private placements or equity issuances, it is unfortunately needed here and it will in the end move the project along to the next stage. Sometimes we must choose the lesser of two evils here and whether the project remains in limbo, stalled due to a lack of funding or advance the project with funding from a PP, i rather choose the latter. It will be interesting to see at what price and what level of funding the require or are seeking. Imo, and this is only an ssumption, it will be done at least above .50 and possibly as high as .70. The more interesting number to me will be the size of this PP.
All in all, this will be a temporary stall in the stock price until the equity deal is consumated but a much needed step to forge ahead. Stil waiting on the updated PEA to be released, maybe these two events are correlated. Hopefully, if nickel remain stable until year-end, the stock should revisit some of its former lofty levels.
Will only comment further if any develpoments surface in the company.
Good luck to all..........
Comment by
calgaryfine on Sep 24, 2020 11:59am
Thanks for your information. Much appreciated.