McFaulds
in response to
by
posted on
Oct 23, 2008 08:41AM
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.
G'morning all.
I found this post on TCC this morning a bit encouraging for the FNC followers. Sad to see the shape of McFaulds lately but at least FNC appears to have a bit of sparkle left...
"FNC is the one stock in McFaulds Lake that could buck the trend and give investors some fantastic gains over the coming weeks. FNC has always been the black sheep in the McFaulds family, as Peter Smith dances to his own tune. Just being in the proximity of NOT's Eagle One discovery has always caught my interest. Then the announcement this week, that FNC came up with an assay of high grade nickel, even though it was in a very small intercept has piqued my curiousity. Smith's decision to return to the vicinity where this high grade nickel intercept was discovered, leads to the possibility, that just maybe, the motherlode is on this property after all. Finding one of these discoveries has always been referred to as trying to find a needle in the haystack. Perhaps FNC has found the head of the needle and further drilling in the area will find the rest of the pin. This is still a very risky play, however there is always the chance this lottery ticket may pay off. Stay tuned, the story of FNC is one last chance to put McFaulds Lake back on the map, in the very near future. Wouldn't it be a twist of fate, if FNC ends up having the main body to the original Eagle One discovery. The odds of it happening aren't great, but the slim chance still exists. Move over Dick Nemis, Peter Smith is still in the game !!!
I currently own no shares of any company in McFaulds Lake. If I was going to own one stock, right now it would be FNC and I certainly would not bet the farm on it. I realize many investors are trapped in these McFaulds Lake stocks at much higher prices and many of these stocks are so illiquid right now, you couldn't get out if you wanted to. So your choices are limited, most will just have to sit back and ride this current market meltdown out, however you could be sitting on some of these stocks for a long time as dead money. It is a sad situation, but the reality is here for all to see. I am torn right now, to stop covering the McFaulds Lake stocks with the morning thoughts posts. It is very hard to come up with anything positive to say right now and I really have no desire to make investors feel even worse, about their situation than they already do. I have noticed we are getting less and less readers of this board lately and I certainly understand why. Spending hours and hours each day doing research then spending hours each morning doing the posts, I have seen the recommends fall off, meaning many don't really get much from the posts anymore. I have always thought the recommends should be the tell tale, when the morning thoughts posts are no longer worth it. I think that time is near. I certainly understand how many investors have very little enthusiasm left for the McFaulds Lake story right now. It is time to see the writing on the wall and perhaps spend my time being more constructive in other endeavors. I will keep up the posts until after the proxy battle between Nemis and Rosseau is over, then take a serious look to see if the McFaulds Lake story is worth covering anymore."
GS40