GREY:FNKLF - Post by User
Comment by
mcuglyon Feb 15, 2012 11:50am
450 Views
Post# 19537447
RE: To many freakin shares
RE: To many freakin shares Nothing significant will happen until they reach full production and start producing a profit. Until then the day traders will make their lunch money and keep the share price in the $.11-$.13 range. Hopefully some interest can be generated at PDAC next month where FNI can showcase their progress. remember that the majority of shares are held by Resource Capital who continues to receive shares in exchange for interest on the outstanding $10 million loan. As long as they continue to believe in the long term growth and health of First Nickel then I'm prepared to hang in there. If something materially changes to the downside then I'm out of here.