North American Nickel - The Largest Meteor Impact Crater
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
www.northamericannickel.com
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
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.
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