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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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From: koan8/24/2006 2:25:35 AM
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gwr on FNI: I am buying tomorrow.

I suggest Kindling that you check again about how MGI, Cannacord and others conduct their business and the institutional presence in FNI. Speaking for MGI and Cannacord they both have significant institutional desks placing stock on a continual basis and more specifically placing FNI stock in this case.
The individual trade sizes matter not at all if they are piecing together blocks on an institutional order. I can also say the recent financing that is being completed had numerous institutional/fund orders and they made up the vast majority of the financing. In fact the issue was priced on the basis of what those lead institutional orders were willing to pay and retail investors had no say whatsoever.

As a result of the cutbacks the stock is still in demand at these prices and will move back up smartly in the near term, IMHO.

GWR
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