buy side, page-3

G'day,

Sent the below email on Monday no response yet.

I'm tempted to buy more, however not if we are going to be hit with a 2c cap raising.


Cheers

corporal



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Dear Andrew,

Thank you for taking the time to read my email.

I took up a holding in Global Nickel last year after doing some research and liking the greenbelt potential. However like most holders I've been frustrated by the slide in SP. Unfortuntely sentiment seemed to turn against the stock just as we moved into the holiday shutdown period with the slow down in the news flow helping the downtrend.

However thats all part of investing in a micro cap, what i'm worried about is what is happening with the12million financing deal annouced in October. There is only 600k left and much more money is going to be required to run an agressive exploration program. I believe this uncertainty is weighing heavily on the stock with a worry that there will have to be a standard capital raising at a sub 3c level.

Any information you could provide on timing on new funding would be appreciated as the drifting SP isn't as worrying as the uncertainty over cash.

Many Thanks