GREY:FNKLF - Post by User
Comment by
victor75on May 29, 2008 5:04pm
273 Views
Post# 15124703
RE: another insider buy
RE: another insider buyThreecpx - Given the current market conditions, with metals and Nickel in particular obviously out of favour, the FNI share price is actually holding up quite well here compared to others.
Although I realize that there are various "insider" options floating around (see details below from company website), these were "real" shares purchased on the open market by Mr. Pugsley (50,000 @ $0.40) and Mr. Anderson (60,000 @ $0.38), which in my opinion is a vote of confidence in the company going forward, despite the current hard times.
Management and Board Options
(ranging in exercise price $0.40 to $1.70) | | 6,752,333 |
I see we closed @ $0.36 today - I wager we'll see $0.40 before your $0.30 target price. With your penny pinching, you could potentially miss out on the ride up when this one re-bounds, as it no doubt will - just don't know when!
Victor