I think FNC was pumped up by outside influences. FNC was on a downward move with the rest of the ROF when it was boosted, like a second stage rocket, by its magpie news which came out Friday. I don't have an opinion on the Magpie news but for those who invested based on the NOT news it would make sense that they would stay invested based on the Magpie news, at least for an extra day.
I am in the camp that is nervous here. I certainly hope for the best, but the announcement from NOT of "we have no idea why the volume and share price are jumping" could cause them a real problem if they have in fact hit a thick seam of nickel.
Good luck to all!
BK
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VANCOUVER, BRITISH COLUMBIA, Jul 17, 2009 (Marketwire via COMTEX News Network) -
Fancamp Exploration Ltd. (TSX VENTURE:FNC): Fancamp Exploration Ltd. wishes to announce the completion of an independent 43-101 compliant report on its previously undrilled Magpie titaniferous magnetite deposit held by The Magpie Mines Inc., a private subsidiary owned 48.64% by Fancamp. This report has been posted on the Company's website and will be filed on SEDAR within the prescribed 45 days.
