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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: marcos who wrote (35426)3/9/2007 8:34:56 AM
From: E. Charters  Read Replies (2) of 78419
 
fni is all about warrants in the money, yes.. the warrants have been in the money for a while but 10% is not in the money. double out is in the money in a serious way. and the warrants are not that old. don't forget the nickel market sucked as little as a year ago. that is when they did the firesale financing.. now it is an extremely good idea to have those warrants and the people are gonna sell, or at least put ultra psyche pressure on the people sucking up the stock in fni. hard market to hold. this is the reality. the fni people have to find buyers for all that stock out.. So it ain't gonna move an inch until all that warrant stock is sold.. and between now and june is the time.. so.. will the price get better for, wall-paper desk-drawer stock? I think it might, but not much better..

fwr has always been quality stock and always will be. it will always have potential. mac always finds potentially good properties. he has only failed to hold the best properties, (otukumpu timmins --4.5 million of 1.2% nickel -- which was a hard thorny beast to try to hold onto..) and never failed to miss on the potential ones. that is the nature of the grassy rootsy explo beast.

Which brings me to the question.. who is going to do Loon Lake now? Will Xstrata deal it?

EC<:-}
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