Thinking back over the last 7-8 months or so, I'm considering the possibility that all holders have been well and truly bush-whacked by the shocking 2mLb JORC announcement today.
A few things to consider:
1. Firstly, consider that some massive dumps of shares has been going on for the last six months. Big parcels from big holders - remember the share price in Jan was 20c and has since been drained down to 10c. Who has been dumping all their FTE stock and getting out over the last six months?
2. When drilling BEN, the drilling went on far longer than the due completion date and they drilled extra holes as a last minute push... Were those extra holes drilled (in January) because they knew the drilling was going poorly?
3. The lab delays were... Fishy to say the least.
4. Early in the year, the company began talking up Bir Mogrheign. To me, this looks like an attempt to distract holders attention away from BEN. Perhaps they knew BEN was a dog and needed to offer up an alternative as "the big one"?
5. The delay in releasing the JORC after (finally) was crazy. It gave the chance for more big parcels to be dumped and the share price to be further juiced.
Interested to hear the thoughts of others...
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