GREY:FNKLF - Post by User
Comment by
victor75on May 04, 2007 6:48pm
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Post# 12729279
RE: The way I see it - miltrader
RE: The way I see it - miltrader"miltrader" - again, you are totally wrong and "out to lunch" with your FNI share price analysis and prediction! You only wish you could still get shares at 1.15! Given the strong fundamentals for FNI going forward (production > revised Lockerby 43-101, exploration properties > Morgan Lumsden & Premiere Ridge in particular, 1st quarter financials, continued strong nickel prices - probably through to China Olympics next summer, union contracts in place for almost 3 years, take-over rumours etc. etc.), I do not consider that you will ever see a 1.15 share price again!
In Sept/06 Firebird Investment Management loaded up 10.2% of FNI in the PP @ 0.40 (plus warrant @ 0.50). In a similar vein to the "fantasy" argument that you making here, vis-à-vis current pps to the Desjardins PP @ 1.15, at 1.00 pps you probably thought the shares were actually only worth 0.40!
Victor