another strong volume day for FNC - NO trades first 2 hours!!!
wow market is holding it's breath for that 43-101 - really anticipating some earth shattering news -- It turned purple and kicked the bucket!
there is such a disconnect between properties held and valuation that the only explanation is Peter Smith.... he's been the CEO for way too long and the peter principle applies -- he has reached his level of incompetency.,
MD&A - that discussion was riveting and novel and quite informative - much the same as prior releases... and who wants to wager that the board and Advisory ctmee has never met and shows no leadership or guidance.... all just words on paper.
when the hostile bid comes and they say Peter has acquired great properties - True.
when they take him to task for being incompetent as CEO and Leader and creating value... also true...
No 43-101 or other news release is going to move the stock -- buy on rumour sell on news.. market is all knowing and anticipates value.....
but in fnc case - sell on rumour - sell on news... good or bad... need to do the next financing at a lower price and they will rake him over the coals yet again.
again great properties - bad management and shareholders (sheridan smith -inwentash - etc..) spells - NO VOLUME NO UPTICK.
oh well just another frustrated puppy......