First Nickel Inc. FNKLF

Metals & Mining Industrial Metals & Minerals

"First Nickel Inc was incorporated as 2035666 Ontario Inc., under the laws of the Province of Ontario on November 12, 2003. The Company is a Canadian mining company focused on becoming a mid-tier base metal producer through the successful mining, exploration, development and acquisition of opportunities throughout North America."

GREY:FNKLF - Post by User

First Nickel Inc.

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Post by victor75on Jun 09, 2008 3:43pm

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Post# 15163021

FNI Short Position & Level II's

Short position as recorded May 31st is still fairly consistent compared to May 15th.

Despite the current poor nickel prices, I consider that there is an orchestrated effort underway by certain parties to force the share price down to accumulate major positions cheap share prices ahead of anticipated upcoming news (e.g. Q2 financials, Premiere Ridge, possible take-over). Perhaps we will know more after the June 19th shareholders meeting, which will be a potential platform for such announcements.

Note the Level II's how the sizeable Bids & Asks keep lowering creating a "squeeze" to influence nervous shareholders to sell, for others to then pick up cheap shares.

Just my view of things - have seen this type of trading action before on FNI.

Victor