Hi
JamesQuinn01 - FRE stock is hugely undervalued - 9.5 to 10 cents will definitely happen without a doubt. At that price, the stock will still be hugely undervalued. Whether it happens next week, the week after, or in March, who knows? I have averaged up a couple of times in the last few weeks because I have decided that this is a long term hold for me. I will not be trading this one for a few cents here or there.
I said in a previous post that this is a Warren Buffett style of investment. This is a "What will this company be worth in a few years time." I of course, may have a different outlook when it comes to investing in a company. After many years of trading, I now only hold two stocks. This one, and God forbid, a miner who has just started their maiden drill campaign. When I invest in a miner, I always want to give myself an uppercut because it is not investing! It is gambling. If I win, I get out, and if I lose, I get out.
A company like FRE is investing and not gambling. They already hold the gold. There job now is to sell it. And they will. Also, as stated by the company, this is not a one-horse race. Other products are in the pipeline. Don't look at Nasodine's sales figures today to base a view on investment. Think to ones self, what will the sales be like in 3 or 4 years time? What other ground-breaking products may the company develop, and what could the share price be in 3 or 5 years time?
I have invested in this as a set and forget. One could invest in this company, not look at a forum or a broker screen until 2030, and then most likely, and hopefully be very surprised what their investment today has done in 5 years time. (I don't recommend that to everyone, lol, because we all have different tolerance levels, and a need to know) but could it hit 9.5 or 10 cents by March? Yes, of course it could. It should be there today. It really should be much higher than that today. Much, much higher. And in time it will be.
