FEC Resources Inc. (FECOF)

[styl]

hey rafter....

i dont know about who promised you news 4 weeks ago........but the volume chart back then justified the spike in price.......

if the volume goes away then the price will drop again.very simple. If its true that certain traders are allowed to take a short position then this can drop even faster...but this stock is simply trading like it will be a buyout from Philex....they already own 53% of this....and since theyve showed strong signs that they want to buy all of Fep if they could........with their offer at 48 pence.....then the next best thing is to buy fecof....and they might just buy all off fecof now before feps real value is fully exposed.
the strategic board manuevers seem to point at that more than the rumor of what the philipino president mumbled about.
I was a fecof shareholder and without warning 2 years ago I got the anouncement that philex bought 50.5% of the company for just 2.5 mil.....no shareholder meeting to discuss this or anything.....under the table deals.
And now that they have a controling interest, unlike their previous buy of the first 50%, people are trying to tell me that Canada will make sure fecof gets a fair price. why didnt canada do that the first time around at .025 cents i dont know.... I think they<philex> may offer 10 cents...why offer more? their infiltraded board will o.k. it..........so thats still a huge % gain from here...just not as huge as must people were hoping for.