Triggerman from SH lies!
posted on
Feb 20, 2008 08:09AM
5 high quality exploration projects + Lockerby Mine, Sudbury On
Trigger posted these lies:
PS, it looks like FNI may have found a bottom.
But considering that few people here every discuss or
consider RISKS , I will remind you all that the main
risk as an FNI investor is the strong possibility of
either large share issuances or a big reverse split.
If they can't start making profits soon , mark my words , this will be the result and it will wipe out any long term
shareholders position.
By the way... FNI's performance and disclosure on operations
completely SUCKS. When are the men in dark suits coming for me?
Know why they won't? Because it's TRUE. ($2.00 to .50 cents).
Regular breakdowns and expenditures that shareholders
are kept in the dark about until months later.... ridiculous.
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First FNI is making profits, and is substantually cash flow positive..... Look at the balance sheet, retained earings is increasing every quarter.... that is where the cash to accomplish the last program will come from, as per the last news release!
I think a lot of bashers actually work for stockhouse, trying to increase traffic via agrivating long investors. A last ditch effort before filling for bankrupcy.... Nice chart SWB has!
Most longs don't use SH much anymore... too frustrating
First Nickel budgets $17-million for Lockerby mine
2008-02-12 11:08 ET - News Release
Mr. W.J. Anderson reports
FIRST NICKEL PROVIDES 2008 GUIDANCE
First Nickel Inc. today provided guidance with respect to 2008 production.
The company expects:
First Nickel has budgeted $17-million for development and capital improvements at the Lockerby mine and expects to spend approximately $7-million on exploration, the majority of which will be spent on targets around the existing Lockerby mine infrastructure, Lockerby East and footwall areas. Financing for these expenditures will come from existing cash balances and cash flow generated from the Lockerby operations.
William Anderson, president and chief executive officer, states: "We look forward to a significantly improved 2008. I am pleased that the board has authorized expenditures designed both to improve our existing production profile and to ramp up our aggressive exploration programs on our various, highly prospective properties in the Sudbury area."
We seek Safe Harbor.