GREY:FNTRF - Post by User
Comment by
pmrideron May 06, 2011 1:38pm
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Post# 18541166
RE: RE: RE: bottom fishing
RE: RE: RE: bottom fishingdrj:
Rain Communications are the IR firm on this. Part of the overhang on this stock at the moment is the Flow Thru shares from some of the past financings. I believe that Mineral Fields have about 500k shares left and there are some that participated in the Fraser Mckenzie financing that have sold their positions. Having said that, this stock is on the bottom rail. Part of reason why the guys at Rain have not pushed hard lately, is that they got stuffed on a cross that they took from MF early in April. I picked up more at .23 and my average cost is north of .30. Will pick up more, but it needs to be done with more fundamental news (which is coming shortly I believe).
On another note, Peter Grandich is wading back into the junior mining market as he feels that it's on the bottom rail as well. Peter has a fairly good track record on market direction calls.