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."

GREY:FNKLF - Post by User

First Nickel Inc.

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Post by disconnecton May 02, 2007 7:42pm

558 Views

Post# 12715208

CIBC World Markets

From todays CbC Money web page: "In its equity portfolio, CIBC World Markets is trimming its overweight position in financial stocks by two percentage points because of the high Canadian dollar and the crumbling U.S. housing market. Its weighting in base metals is rising by one percentage point, as soaring metals prices lead to more consolidation. CIBC World Markets is also boosting its utilities weighting by a percentage point in anticipation of more leveraged buyouts in that sector. It remains overweight in energy stocks by 3.5 percentage points and sees oil prices heading back above $70 US a barrel later this year." Can't hurt (could partly explain todays move). disconnect

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