I anxiously await the short postion report that should be out early next week. It will be for the period closing Jan 31st. Last report FNC had 326,694 shares short. I will be very interested to see if the rise in share price was because of those shorts covering. If the shorts haven't covered, this could get very interesting fast.

I noticed last week Peter Smith and Michael Sayer each sold 10,000 shares in the $1.60's, not sure if this was just pocket money or if they sold some to take down some of the options at $1.50 to put money in the treasury for the upcoming drill program. Either way it isn't enough shares to worry about I suppose.

I keep waiting for the MM to take the share price down and load up on cheap shares from the retail guys/gals that panic. This usually occurs before a drill program is about to commence.

I have been getting emails on why I'm not covering the other stocks besides NOT and FNC in McFaulds Lake. My only response is this forum is for everyone, if you have some relevant info that you want to share with us why you think one of the area play stocks is about to move, please feel free to let us know. We have an open mind on this forum, we want to make money !!!

Al