REad SPP offer ....and see that the company leave themselves with all options open. Max. subscription is $18 million. .... if they wish (should they have oversubscriptions).
I note that there is a ground swell of opinion in certain quarters that the price of nicket may rise to $14000 per ton. (US$) which would be why the SPP is being raised (so they say) to explore for more nickel....before they start mining in earnest again.
My feelings. Well, gold is a key driver of the company....for now....and if the price of gold sky rockets that will be terrific. If not....then rising nickel prices will help the SP .
Exploration results will be the key. Meantime, to get these results needs money. So these funds are sheer speculation monies.....Leaving management to get on with progressing the gold to get some extra funds to keep the company moving forward.
No longer holding.
MCR Price at posting:
34.0¢ Sentiment: None Disclosure: Not Held
