Jien Canada – Acting Fresh?

Nickel prices have increased 58% so far this year to $18,500 a tonne, but are still around 64% below a record high of $51,800 hit in May 2007. well. Suitor Jilin Jien Nickel Industry Co makes a sweetened offer to Canadian Royalties Inc, by extending its $192 million bid.

The new deal is in sharp contrast to Jien Canada’s initial offer made in August. Jien Canada is the joint venture formed by Jilin Jien Nickel Industry and Goldbrook Ventures Inc (TSXV:GBK), a Vancouver-based base metals explorer with operations in Quebec.

Not one to let go, Jien has said its offer is the best available option, despite claims by some debenture holders that they should be paid off in full before equity holders get anything.

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