NKL 4.35% 2.4¢ nickelx limited

Ann: Board Change, page-10

  1. 4,551 Posts.
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    Na, I think they'll raise more cash. There are still 5 Quarters of cash left & now down an MD that was on $250K, so there's more money saved there for a few Quarters. If they can find someone to fund this, it could go on for a few years to come, but there could be a lot of dilution coming. This is an explorer, this is what happens.

    Hitting a decent uranium target in Canada could raise more cash at a higher SP. There are still gold acquisitions on the cards. I'm in, I never invest more than what I can afford to lose. You can't win them all, even millionaires lose bucket loads on the ASX.

    There are companies on the ASX sitting on actual mineral deposits with a MC only a few multiples higher than this thing, that's the state of the speccy market on the ASX.
 
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