North American Nickel - The Largest Meteor Impact Crater

[GeorgeNags]

I own a good position in this stock.


They are exploring the Largest & Oldest Impact Crater on Earth and have discovered Nickel, Copper, Colbalt, Gold.

June 2012 Earth's Oldest Impact Crater Found in Greenland http://www.newscientist.com/article/dn21996-earths-oldest-impact-crater-found-in-greenland.html (http://www.newscientist.com/article/dn21996-earths-oldest-impact-crater-found-in-greenland.html)


www.northamericannickel.com (http://www.northamericannickel.com)

[georgie]

NAN.V has just announced a $7.5m private placement.

Get this the PP price is 0.17 and the market is ~ 0.13 ?

Is trade up ?

djk

[GerardFitz]

Sounds like they are offering shares and warrants to 'funds' related to insiders. That is always a red flag. Serious investigating should be done on this one, it doesn't sound right.

[gjbnewws97]

Thxs Blaine,

Good point, however if the market won't fund a junior explorer then the insiders should step up and put some of their own cash into the company.

I see it as a acknowldgement & commitment.

Yes sure seems like they'll make alot of money down the line, but they carry the huge risk.

I my DD shows the funds & insiders are paying 0.17/share and the market is 0.12-0.14 ???

djk