GREY:FNKLF - Post by User
Comment by
Triggermanon Jul 18, 2007 4:48pm
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Post# 13111760
RE: nickel in LME
RE: nickel in LME
Never said FNI wasn't well positioned .
Nor have I ever said it was a scam company or anything
like that.
But I'm not like everyone else around here who seems to
believe that there are no risks involved with FNI's future.
There are huge obstacles to overcome.
But the bottom line is price action on the shares.
Big money players have done nothing but unload for the last two months , you gotta ask yourself....if FNI is so perfect why aren't they buying instead of dumping their holdings?
Again, I'll leave the holding of shares going into quarterly financials and updates to you guys and I will only buy the breakout , if and when it comes.
If FNI is going to three bucks as you all think , missing the first 15% of the run will not be an issue at all.
PS, most of you seem to base things on the price per share.
You might want to consider looking at the market cap instead as it's a much better indicator of what the company is worth.
A company that trades at $1.20 with 30,000 shares outstanding is much different than a company trading at $1.20 with 275,000,000 shares outstanding . (That's the level FNI will be at once it completes the next PP for mine expansion next year).