Post by marcos from another thread:
"My "sure things" (vit and uno)have cost me money! almost bot more vit this am, instead went to FNI and RNG.wt.
LIM after rising for a while have a takeover offer from Xstrata at a slight premium. That caused FNX to jump up and I got out of all LIM and FNX except for a few May 26 calls. I think money from LIM holders will move to cos like FNX (and DY??), FNI, RNG and less so LBE, BMC and pre-production plays. There was a big meet with analysts in toronto today (mid-tier and emerging nickel producers) where pres. by LIM, FNX, FNI, S,SKR, are given in the am, and bmc, inv,enk,gmi,cro,czz,ini,ct,blv and cml will present in pm. I think money goes into them all this week.
I bot FNI this am because they are a producer and some of that LIM money will flow and because I expect good results to come forward on their North Rim properties. RNG.wt I bot because I believe Q1 profits will be that much higher and attract buying in the short term.
top pick is FNI, but with the caveat that there is a lot of exploration risk/reward associated with it." |
