First Nickel Inc. FNKLF

Good news for FNI investors

[ji-joe]

https://www.newswire.ca/en/story/1144137/resource-capital-acquires-shares-of-first-nickel-inc

+ bullish reversal patern on the turn... ;-)

[ji-joe]

https://stockcharts.com/freecharts/gallery.html?FNI.TO  

[satelliteguy]

JJ, I appreciate if you could explain in layman terms what these charts mean. I can't wait to hear ANY good news about FNI.

[ji-joe]

FNI's technical chart is not the most dynamic one, but has shown some consistence over the past. Reversal patterns can be identified, such as I did in this case, when short term and longer term averages cross each other similarly in light of other technical indicators. In the case of a bullish reversal pattern, after a period of decrease in the stock's price, usually occurs a change of

[bigkagan]

why no reaction to the start of production at the mine? It looks like $90 mil. annual revenue at this rate - can it be profitable?

[willyk3]

first quarter results by May 15....keep your fingers crossed that this pig can fly

[mcugly]

As long as the price of nickel continues to drop, they will be mining a significant amount of the ore body at a loss. They need $8.50 + to generate any real profitability. Spot nickel currently is at $6.92/lb. And we wait.

[bigkagan]

then they should stop production if they are losing money

[mcugly]

Maybe another alternative would be to stockpile. If the price of nickel continues to decline then watch the major players (Vale, Xtrata, Norilsk) cut back production. Their current production costs are higher than the current price. We'll just have to wait and see.

[bullorbear22]

"another alternative would be to stockpile." Yes an alternative, I don't beleive the world will stop consuming nickel products like stainless steel etc.      B*B22  

[fordtrucks]

if you want to read how important their resource is check out the ring of firer in northern ontario the only reason fni the only reason the sp dipped is because of the economy kwg is a holder of mines holding chromite and nickel worth billions and they are trying to fund a rr i learned so much from following this stock and i then set my site on fni because of what i belive them to hold is going to