Correct! and this process if successful most likely will result with dilution to shares holders...but at the same time will put the company with healthier position. With higher production and improving Nickel price there is always a chance for recovery here but we have to wait for some positive news....GLA.
Re-news-the court allowed the company time to reorganized it's debt(a huge debt) BUT not give any guarantee for this process to be successful. of course buying shares always come with some risk but the level of it it's far and big apart....as for here ...HIGH RISK=HIGH REWARDS.......GL.
For the record I actually bought a tranch here for 4p few weeks back so yes I am invested here....HOWEVER I am also aware of the high risk here and will never say like you did that this is a safe investment.....far from it mate......why do you think this SP is so low?? further more if you did read my posting I always said that rewards could be high here BUT only IF the company will survive.... GL.
Did not name anyone in my post.......you obviously did not like my posting but this is only stating the facts which with your rosy glasses you choose to ignore.......read the RNS AGAIN .......
Just for the record beware few rampers here using this board to promote their agenda......this SP is NOT going to fly overnight........still high risk while this company is in intensive care.....YES I believe it's worthwhile punt as long that you know what you are up for......HOLD with hope for recovery.....GLA.
Stay away mate.if you are a jinx.......on the other hand .GL. A bit risky but great chance for decent rewards.
Best wishes for 2014
Same to you mate and only the very best for 2014.
True but volume picked up after my posting......and the SP followed up.....hopefully this trend will continue.
Very strange dealing in this share......but the momentum is positive and surely will break the teens for good in 2014.... HAPPY NEW YEAR ALL.
Good rise on the back of very small volume.......signs of more to come....liquidity of this stock means any small demand can cause a sharp rise........HAPPY NEW YEAR ALL.
Of course it's still in intensive care mate......the restructure of the debt will need to be approve by the major creditors and will for sure mean big dilution to share holders.....why do you think the SP is so low??? having said that the immediate risk of going bust is removed by the court approval for the reorganization and this recognised by the market with the SP racing from 2.6p to as much as 10p.....only to retrace to the current one.....Like I said this is a tempting entry/re-entry and hopefully will follow by a good rise but it's totally wrong to call it a safe investment.and because of that the rewards could be massive...HIGH RISK=HIGH REWARDS.....GL.
With respect this is all old news.....what we need now is confirmation of the reorganization plans of how the management propose to move forward from here.....like I said before the signs are good ie support of the creditors and Nickel price on recovery mode HOWEVER lots more to do and not out of the woods........YET.....like you I think the current SP is very tempting and looking for a good upside from here....GL.
Just to bring things into perspective ........this company is still in intensive care and under life support machine really......hence the reason for this cheap price.......having said that with the right action the full support of the big creditors and most important the recovery of Nickel price there are hopes and as such high risk=high rewards....this is not going to happen over night!!! definitely worth a punt but as such only what you can afford to loose.....GLA.
Combination of Nickel price and some bad luck with all the leaks...but also to do with poor management ! now with improving nickel price we need the management to prove they got what it takes.....and and as always a bit of help from lady luck...
Yes all signs are pointing for recovery...HOWEVER the major concern for me is the company management!!! can they.....at last stir this beast with such a huge potential out of this mess they made of it...........remain to be seen...... worth a punt for the braves...GL.
Hopefully good run in 2014.......HAPPY HOLIDAY and GL.
Bear in mind the 105p divi today SP is holding nicely.....plenty more value here and it will rise slowly next year HAPPY HOLIDAY ALL and GL.
It's very simple mate....the deals reporting here as BUY/SELL are actually not always right.....for example if you take the current BID and ASK prices any deal above 6.10 will be register here as a BUY while actually it could have been a SELL.....the M/M are moving this prices as they feel fit and this why it's not always possible to call the trades correctly....hope it's help a little...MERRY XMAS ALL and HAPPY NEW YEAR.