GREY:FNKLF - Post by User
Post by
DTM5on Apr 17, 2010 6:11pm
777 Views
Post# 17003734
Reality Check
Reality CheckIts interesting to read the perspective of so many disappointed FNI investors. I'm (relatively) new to the stock, been building a position over the past 6 months. So I have no baggage or resentment of the company shaping my opinion.
I do think there is a real opportunity here for the company to be acquired at a significant premium to where it currently trades, or move 2-3x higher based on improved commodity prices and securing reasonable financing.
Theres too many shares outstanding and the asset is too small to support a really big price run. But the downside is limited due to the proven resource base and existing operational capability. Talk of bankruptcy is silly.
I'm not upset about this at all, I'm excited about the future of the stock - But realistic also.