GREY:FNKLF - Post by User
Post by
Triggermanon Sep 03, 2008 12:54pm
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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.