RE:Any hope ?
amandeepsbhatia wrote: Is there any long term hope for fni from here on at .065 c ? Thanks
Yes of course there is still hope. We are waiting for the drill results from the drilling at Gochager which should be released within the next two or three weeks. Those results could be positive but I'm thinking they won't be anything earth shattering. The stock is a very good buy now in my opinion. Unfortunately for most of us we got in at much higher levels and the news up until now hasn't been great.
The company has two excellent nickel properties but the results to date have been poor at Albert Lake and Gochager has been ok but a long ways from an economic resource based on everything we know so far and hence the reason for FNI trading at 7 cents. The market knows they need to raise money once again and that doesn't help either due to further dilution to existing shareholders. I wish I could be more positive but that is the way I see it currently.