"Why is the volume of fnc always so low" This is a very interesting question and one we shall try and figure out here.

The outstanding share count on FNC is currently around 27.5 million shares.  A guy named Sheridan owns around 20% or 5.16 million shares and Peter Smith the Pres owns 2.52 million shares. For simplicity lets say insiders own another 10% or 2.75 shares. This leaves us with around 17 million shares. It has been said around 4 or 5 of the big guys such as Pinetree (PNP) own just under 10% each. Lets lowball here and say 4 institutions own around 11 million shares of FNC, that leaves us with around 6 million shares that are owned by the rest of us investors.

If anyone noticed last week during the market sell down many of the McFaulds Lake stocks were selling off, as investors where locking in profits and selling off their winners. However FNC bucked the trend. The reason is because many investors are trying to accumulate shares of FNC on the cheap and creating a very good support level. Their simply are very few shares out there to buy. This was one of the reasons why I was telling people that FNC was the stock you wanted to own, from the McFaulds Lake stocks. Yes the volume of shares traded is very low, because there are so few sellers.

Many people have already accumulated their positions and now sit waiting on news. They know with such a low share count they are sitting on a ticking time bomb by owning FNC.

Just imagine when the new EM surveys are released. If it shows FNC has a continuatiuon of the Double Eagle anomoly, I expect blast-off.

Do your DD on this stock.

Al