Cut them a little slack guys. It’s their first drill for the range. Plenty of other explorers didn’t crack it the first go either. Could name plenty and some have been very successful.
This is the nature of spec stocks. People want a quick dollar, and then just take off or blame the board when they don’t find the million dollar hit. Easy to do. If they found it, then they would all be legends. I copped an absolute pasting yesterday too, also but you need to be realistic. It was their first drill.
At the end of the day, they will only get so many chances and shareholders will carry them only so far. I’m sure they realise that. They either have it or they don’t. Everything in close proximity or in the Weld Ranges has prospered and with experienced board, they should be able to find a decent resource. If Fenix can make something of it with a quarter of the land, then I’m happy to bet these guys will.
The second set of results will make or break this project in my opinion. Shareholders won’t keep coughing up cash if it’s a dud.
Not chucking the towel in yet after one drill.
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