GREY:FNKLF - Post by User
Comment by
Triggermanon Sep 03, 2007 2:02pm
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Post# 13335235
RE: My Latest FNI Analysis
RE: My Latest FNI Analysis
Interesting... this golf-guy wants to analyze FNI from
a completely fundamental perspective.
His / her shares-outstanding numbers are tens of millions of
shares too low , looking forward so all calculations are bogus.
The $14 nickel prices are not accurate at all. He/she may want to
look deeper into the deal between FNI and xtrata for a more
detailed perspective. (Does no one but myself realize that xtrata dumped the mine on FNI but keeps the ore for no risk/cheap)??
And of course, at the most basic.... we look back at FNI's poor showing ...well terrible showing really... numbers during a quarter of absolute PEAK nicekl prices.....
Ask yourself if you're looking long term , how can FNI be profitable or become a viable mid-tier producer in the future when they couldn't even make the equation work at $22 nickel?
Being long term on FNI, a start-up junior , is not smart...it is a very VERY risky proposal because of how many shares FNI will issue to fund expansion.
Juniors are for people who know how and when to TRADE , not invest. Just ask the many perma bulls here who got stuck with shares close to two bucks.
Some of these guys make it sound like FNI has no risk.
They could not be more wrong.