Two or three weeks ago, people were predicting what hole 001 would reveal. The general consensus then was that our expectations of hole 001 should not be raised too high. This was posted numerous times. The general consensus was that a better indication would come from Pad 2.
IMO Tuesday’s results are in line with, or better than those early predictions. The results should not have disappointed. Yesterday there were a good number of positive and informative posts from posters with credibility.
Tonight, if you’re pushed for time, at least read Ubid’s 13:38 and 14:22 posts. Jemster’s quote that “Old Motherhubad can only go to the cupboard some many times” and Oz_Soarer’s “further positive results will attract new interest” to me summarise the current situation. The current holders can only absorb so much of a planned sell off, but the good news will eventually spread. (There was a short, positive article in today’s Fin Review). And let us not forget that the company has fall back positions with the JV.
At this moment in time I am very comfortable with my investment in FNT, and I’m much more relaxed than this time last week even with the SP down about 2 – 4c. Cheers and thanks for everybody’s comments.
FNT Price at posting:
14.6¢ Sentiment: Hold Disclosure: Held
