GREY:FNKLF - Post by User
Post by
Triggermanon Jul 11, 2007 11:29pm
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Post# 13075025
Actualy
ActualyLower grade ore is regularily set aside during development of a junior miner , as it is much more beneficial to expansion and investment to inflate cash flow and earnings as much as possible.
Then , at a later time the co. will filter in a little of the low grade stuff with better grade ore. It keeps cash flows more balanced and let's the investment world come to realize that the mine is properly run and can be a solid investment.
Some of you seem to believe that selling low grade ore at PEAK NICKEL PRICES was a smart move? Well , I don't know how you do your math but no matter how you look at it , it cost FNI millions and millions of dollars in cash flow and profit.
Now they will end up trying to dump their high grade stuff at $10-$15 dollar nickel , instead of $22 dollar nickel.
You know.... if this was such great news why are the perm-bull retail guys here the only ones pumping it up?
The market was clearly not impressed today. And yes , as I said
ROOKIE CEO , ROOKIE MISTAKE , he's only been running FNI for a very short period of time since they booted the woman ceo to the curb.
(Still paying for her though).
Ah perma-bulls....they never stop pumping , and they all bought at .40 cents and are sitting on huge profits still , even though they didn't sell at two bucks..... and I'm the liar...LOL.