Victory Nickel | StockChase
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Victory Nickel (NI-T (On CSE))

Last Price Recorded: $0.0000 on 2016-02-22

ON STOCKCHASE SINCE Dec 2014

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Victory Nickel


Signal Opinion Expert

2014-12-02

COMMENT
Victory Nickel (NI-T (On CSE))

Recently started a plant in Lethbridge to produce fracing sand. The plant is designed to help them process some of the tailings overburden that they are going to be taking off of their nickel mine sometime in the future. Stock has come under pressure because it needs its capital. In building the frac plant, they had to spend capital, but also raise money for working capital. Over the course of the next year, will the frac sand sales be enough to cover the interest being paid and the debt holders happy?

Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment Management

Price: $0.360
Owned: Unknown

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