GREY:FNKLF - Post by User
Comment by
mart2on Jun 12, 2006 10:47pm
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Post# 10980057
RE: No Deal
RE: No Deal
It doesn't seem to me JNI was recently dragging down FNI.
In fact, it's probably the opposite. JNI's current bid is at $0.28 while FNI'S current bid is at $0.78. It means First Nickel was about to buy a stock with an implicite value of $0.28 at a bargain price of only $0.22 ($0.78 divided by 3.5). If one thing, I see it more in the other way, FNI was probably recently dragging down JNI.
Don't know what will happen to FNI very shortly, and I hope for the best, but it doesn't seem to me FNI's recent decline was attributable to JNI.
Mart