First Nickel Inc. FNKLF

Metals & Mining Industrial Metals & Minerals

"First Nickel Inc was incorporated as 2035666 Ontario Inc., under the laws of the Province of Ontario on November 12, 2003. The Company is a Canadian mining company focused on becoming a mid-tier base metal producer through the successful mining, exploration, development and acquisition of opportunities throughout North America."

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First Nickel Inc.

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Comment by threecpxon May 29, 2008 7:51pm

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Post# 15125156

RE: another insider buy, Re: victor

Hi Victor:

I have no doubt also that FNi share price will be going up in the future, just like yourself, I don't know when.

I think the recession will always be a downer on mining companies in general as seen from a reduce demand for raw materials.

As far as the options for the insiders, it is not uncommon for the BOD to reprice existing option so that they would be in the money. No doubt they would create shareholders contempt, but that has never stoped them in past and I expect it will happen in the future as it is legal.

I am still hopefull for a 30c entry price as this decline is targeted to the historic lows. The big question is: If it goes to 30c will it keeps on going south ?

I am also sure many buyers will attempt to buy early before the 30 cent level, but I am willing to wait until the momentum turns and a "buy" signal is generated on the full stochastics. This strategy has save me from buying cheap while the share price get cheaper.

All in all, good luck to all and may FNI see higher share price ahead.

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