Welcome
I hope KNL does well.
I read about KNL at this link, courtesy of The Sparkler:
http://hotcopper.com.au/post_threadview.asp?fid=2&tid=1292020&msgno=351235#351235
However, there is no need to go to the link. The Sparkler said:
KNL Kagera Nickel - 20c ipo debut on Friday - closed at 25c. Very tight capital structure, no seed or founders cheapies. Actually probably one of the best capital structures ive come across in a while. Was heavily oversubscribed for to add.
Why I like it? Its located 6km away from ground held in JV between Xstrata and Barrick Gold, who are currently due to complete their long awaited feasibilty study of the Kabanga Nickel area by end of this year.
Forbes & Manhatton have an interest.
Jim Sinclair was also involved in the area too. He was chairman of Kabanga Nickel Company that held the 1 project from the area. Guess what the market priced the company at?.....US$900mill.
Management ex-xstrata.
$2.00+ by the end of 2011 imo. $4.00 - $5.00 end 2012
Cheers,
The Sparkler
WelcomeI hope KNL does well. I read about KNL at this link,...
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