Daily Stock Opinions and Ratings

Opinions

Peter Hodson First Nickel Inc. FNI-T HOLD Apr 04, 2013

Companies require cash on an ongoing basis and when your stock is at $0.025, the amount of shares you have to issue to keep the lights on becomes greater and greater. When a stock gets below $0.10, it is almost impossible for it to reverse itself. If you own, he would keep it for a while. There is no need to sell it in the 1^st part of the year. Use it as a tax loss.

Peter Hodson

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$0.030

Stock price when the opinion was issued

metal mines

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BUY

Nickel producer with some well advanced exploration projects. Large nickel companies have been taken over which has allowed money to move into smaller companies. If the price of nickel stays where it is, they should all do well.

DON'T BUY

A crazy stock that bounces up and down like a yo-yo. Too high maintenance for him to be bothered with. It's too volatile, although he's not slamming the stock.

SELL

It’s a sell. It’s too small, almost went bankrupt 1.5 years ago.

TRADE

(Market Call Minute) Thinks nickel has bottomed but has to know where they are from a financial perspective.

TOP PICK

Own the Lockerbie mine in Sudbury Ontario. Shut down during the financial crisis but are starting production again later this year and into 2012. Criticism has been that they have a short resource life, which is fair, but are drilling to extend that life. Financing is in place. Trading pretty cheaply here.

BUY

Nickel. Expects to see some production coming in the next few months. There is quite of bit of upside here. Have plenty of money to get into production in the event of any cups.

DON'T BUY

Given his views on Chinese demand, construction, etc. he is not positive on the space generally. He doubts that it will perform very well.

BUY

Stock has been washed up. No one has been a fan if nickel. He wants to see it play out and get into production. He would buy here.

HOLD

Nickel is not one of the favourite metals right now and the stock has been hit. If you own, he wouldn’t Sell at this time. Nickel prices could take a turn at some point. Doesn’t think the prices will go up for a few years but can’t see the price of nickel dropping either.

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Peter Hodson First Nickel Inc. FNI-T HOLD Apr 04, 2013

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