posted on
Apr 25, 2008 07:11AM

Highly prospective exploration company
Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

Message: Re: News
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Hope we draw a straight flush..... since the target is below 150 to 200 meters a splay of holes 1 vert and a couple angles this means a max of about 8- 9 holes, from 3 drill locations for 2000 meter @ $300- $350 / meter.
Now if the cash issue had been resolved we would still be trading in the $2.50 range and the news today would have provided an uptick rather than a down tick.... JMHO
Thats why there is a short position in the stock and why any news provides an oportunity for the big guys to trade the stock down. When a spoke to Debra I also mentioned that doing a small placement as per recent post.... that this would put the shorters under huge pressure to close out that position..... and only a small placement at that, to a strong group of holders rather than flippers.
I was simply trying to avert the same thing that happened to PRB.... stock ran to $1.50 and the placement done at $.75....PNP took a bunch of paper and then blew out over a million shares on very good news taking the upside out of the stock... 448,000 in one day! This is all on SEDI
You never see a real poker player come to the table with lunch money..... and he doesn't borrow the cash from the sharks.
If PNP and others want in on a placement they should only be given 30% of what they ask for.
I'm positive on FNC as an investment/ exploration oportunity..... The stratagy needs a little work.
JMHO
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