I have always said the potential for FNC is quite good, and based on my chats with Smith and from what we've heard, I continue to believe this.
However, I think little can be interpeted from the marekt action of FNC given the low volumes. It could be just one retailer responsible for these volumes, buying based on the very rumors we've heard.
The market is no mood for rumours these days. We would have seem more action for NOT based on AT-12 if that was not the case...
At any rate, when we start to see big volumes, then we can talk about big accumulation...
Regards,
B.
Iceberg bid from CIBC, already bought 20100 shares at 1.65, still 3900 on bid...someone is accumulating big again...must be a friend of RBC. As for rumors, at this point they are not confirmed, could be just wishful thinking by sources. Everyone is very tight with info on this one but the big accumulations from RBC and now CIBC tends to confirm to me that we have hit nickel as the response from Chromium so far has been very timid!!
G.
