RE: RE: RE: RE: PDAC 2013 Hi Caddyman - You sound like me 5 years ago, when I held 400,000 shares that I saw increase in price from 35c/share to $1.50 and now all the way back to 4c/share. Much to my wife's disapproval I only took limited profits and and now almost totally wiped out - I bought Sudbury silver nickels + other Sudbury momentos in anticipation of giving this to my five kids (two in university now) to show them the investment vehicle that funded their higher education. Well those dreams and an early retirement for me (I turn 60 this year) went out the window and into the toilet. Luckily I still have a job that finances the debt load I am carrying, but living rom pay cheque to pay cheque - I feel like a hamster on a treadmill
I considered First Nickel to be a success story and even had the ear of Mr. William Anderson in email correspondences - I noted from insider reports as share price dropped after 2008 that he kept buying more shares which was a positive sign.
Not sure about the new management gang - I no longer hold any shares - suspect say a 10:1 copnsolidation on the cards - way too many shares outstanding as they have diluted the float to provide short-term cash funding mechanisms to pay for day to day operations.
So is there any light at the end of the tunnel? Could this potentially be a ten bagger back to 40c/share?
Would be interested in hearing anyone's thoughts on this matter. I have about $20,000 in retirement allowance money available to me in April and would love to hit a home run out of the park (that I thought I had achieved 5 years earlier).