FNI – Okay, so what’s next?

fni

Price is already out of the cloud, Next stop is 1.58-1.60. When KS and TS is out of the cloud, then it will be more interesting. Check Daily for reference. Always make sure you have a plan in place.

 

 

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FNI P31-b FOO next month

FNI P31-b FOO next month, price TBD on Mar. 13

  • Global Ferronickel Holdings, Inc. added
  • FNI will sell 6.16-b common shares with an option to sell another 924.7-m shares at a max price of P4.38/sh.
  • Final FOO price will be announced on Mar. 13; offer period from Mar. 17-23.
  • FNI is the 3rd largest nickel producer in the country in terms of volume shipped. It accounted for 11% of PHL’s nickel ore exports in 2013.

source: Regina Capital Corporation

FNI levels should hold or else

FNI

The cloud is acting as support at 2.89 in FNI and must hold, if not we might see this going to 2.48 – 2.56 levels.

Caveat! What do other people think?