The Visitor <dfgsdfgdg@[EMAIL PROTECTED]
> wrote in news:9%lUj.76868$dA2.14115
@[EMAIL PROTECTED]
> My first one really fizzled on me. Not just in the stock picking
> contest, but in real life too. Down over 92 percent in my portfolio!
> "Doh! I've been GCOG'ed!"
>
> "Oh the pain of it all."
>
> Now I am making a "Waldian" effort in FNI-T.
> A nickel mining junior. Price is down and it is easy to dig myself in.
> Way in. Trading around .415 and .42.
>
> Nickel must come up. What could possibly go wrong?
>
> Good luck to all.
>
> John
>
>
what could go wrong?
first off the guy pitching the stock botches the symbol
FNI.TO
I got yer back buddy
http://finance.yahoo.com/q/bc?s=FNI.TO&t=5y
looks like a great time to buy an entry position here...
Last Trade: 0.42
I'm sure that's what you thought when you originally bought in
----from their annual report----
- Net earnings of $814,354 were recorded in 2007. The first profitable
year
in the Company's history.
Achieved a mine operating profit of $13.6 million in 2007, an increase of
$9.1 million (202%) over the $4.5 million achieved in 2006.
- Nickel production of 3,259,095 pounds and copper production of 2,185,023
pounds in 2007, highest in the Company's history. An increase of 33% and
36%, respectively, over 2006.
- Nickel and Copper metal sold in 2007 was 3,082,481 pounds and 2,005,190
pounds, respectively. An increase of 56% and 53%, respectively, over 2006.
- Increased operating cash flow in 2007 to $15.8 million compared to a
cash
usage of $0.1 million in 2006.
- Overall increase in cash balance of $17.1 million during 2007.
- The Company is debt free and had working capital of $24.0 million.
- In Q4, the Company wrote off $5.4 million of deferred exploration costs
incurred on the Foy Mouth Property, following the termination of the
option
agreement with Xstrata.
------------------
General and administrative expenses in the fourth quarter of 2007 and for
the year ended December 31, 2007, decreased by 32% and 24%, respectively,
compared to the same periods for 2006. The lower 2007 expenditures reflect
an overall reduction in costs. The 2006 expenditures included severance
and
termination costs of approximately $213,000 as a result of the management
changes made during the year.
---------
Debenture and other interest expense in the fourth quarter of 2007 and for
the year ended December 31, 2007 have been substantially reduced due to
the
repayment of the Series A Debentures on June 1, 2007
---------
SUMMARY: my general impression is that these guys have turned a corner,
and
have directed much of their cash flow torwards paying down debt and have
substantially increased production sales and profit, which will only make
yoy comparisons going forward look impressive
a side research into nickel-zinc batteries and their uses might make you
feel even better about this miner
dunno how your socialist govt taxes nickel miners however
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