re: Ann: Drill holes continue to demonstrate ... Ripman
"Some of you are way too negative."
Like it or not (and the market seems to NOT) the last set of results were NOT what investors or traders were hoping they would be
NO argument that there was precious metal found, BUT nor can you argue that the grades were VERY disappointing
I wont committ to putting a value on where the sp will fall to like others have suggested 6c, 8c, etc, BUT i do definately fear (and have seen very recently) where quality companies will slide backwards towards levels of support until there is spectacular news to correct the sp
FNT slipped 15.4% on friday and most think this was a reasonable reflection of the news we received
I would hate to test the next level of support on my chart, but it is at 6c, who knows if we will revisit this. Another share i owned was 12 months ago steaming ahead at 24c, slipped back to 15 on "average results", and due to gfc even touched 5.6c
time will tell, for me FNT is in desparate need for spectacular news....
cheers
re: Ann: Drill holes continue to demonstrate ... Ripman"Some of...
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