RE: update!Its very good news for shareholders, as they are going ahead on there own. Peter told me they were not into diluting the existing shares as many brokers were offering.
Anon "house 1" is the only reason the stock is at the $1 50s they have been shorting it for the last 6 weeks, including today 200,000 in the 1.60s. They may get them back lower however not from me. As NOTs drill results pour in and the south trend gets turned into swiss cheese a lot more interest will flow into FNC..
We are on the ground across from NOT drilling, which by now they should be very close to the corner of the FNC so expect lots of rumors, also if she is veering towards us the drilling FNC are planning may come much quicker.
Peter did indicate in a recent NR a possible JV partnership as a possible option, which if it happens would of course change time lines. He still had about 850,000 in cash in the account so were not hungry yet.
I added a few more at 1.61 today and will continue to add if we continue lower. My average has dropped from $2 03 when I first entered FNC 7 weeks ago to the $1 70s now. "Thanks to Anon"
Don't forget to listen to NOT at the Richmond club tomorrow, "and read between the 50 meter lines"
Cooper
Cooper