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First Nickel Inc. FNKLF

"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

Bullboard Posts
Post by Triggermanon Sep 03, 2008 12:54pm
574 Views
Post# 15427944

nickel??

nickel??
  When are some of you finaly going to understand that  analyzing FNI's value or future
 value  using the price of nickel  is completely useless  !?!?!?
 
   Poor and inconsistent production....awful financing deals .... major expenses coming
  down the pipe for all of the equipment and infrastructure upgrades needed at the site..... management unable
  to turn profits when nickel was at record prices... constant dillution , which WILL lead to a large reverse split.... and still no plan for how to finance the expansion that is supposed to take FNI to mid-tier producer status. (Company estimated 80 million dollars for planned expansion) , where's it going to come from??????
  These are the issues  that have driven FNI from a buck ninety to eighteen cents...not nickel.

   IS FNI undervalued at .18 cents?  Maybe.     But  with the imminent threat of another large
   financing deal that will dillute everyone to heck , and then the usual  1 for 20 reverse split , this stock
  will never attract signifigant , serious shareholders.

    As I've said before.... Falconbridge didn't shut down and give away FNI's present site because
  it was a highly profitable , smooth running , high grade  - low cost mine.     
    
Bullboard Posts