There is nothing wrong with the stock and Tolukuma will be massive. I have been with FNT almost 12 years and the new FNT is far different to the days of old. They are far more conservative which isnt a bad thing but it means nothing is getting done for fear of spending the money. They have a crew over there collecting soil and trench samples. We already have previous results and data for three other areas. Why arent we drilling yet? To get a JORC we need to drill yet we are taking samples one area at a time instead of multitasking the lease. PM would have been drilling by now, we would have had several assays back and we would be trading around 5c (I've seen it happen enough times to speculate this). Ive watched this stock surge numerous times on drilling results. I bought my first FNT stock at 7c and my dearest at 35c. It is obvious they have plans for a deal or a CR or they wouldnt be asking to lift the ceiling on shares to trade. If they are planning to do a CR at this stage for drilling then that should have been announced in the AGM agenda. It would have boosted the SP and stopped the dumping. If they have a JV or new acquisition in mind then tell us so the market can respond. I, as several of you have a lot of money invested here and want to see a substancial return after all this time. We have more small investors here than we have had for a very long time due to the Forise fiasco and with COVID traders looking for quick money and chasing any jump they see on the board we need constant progress to support the stock and stop the dumping which is driving the SP down. Small investors are jumping in to try and catch a ride and when the move stalls they chase the buyers to get out for something else and push the SP down at the same time. The stock will be valuable but I dont want to see any dilution at this level. More disclosure needed here management.
Also not really happy that the AGM is open to attendance only. The borders are closed so anyone outside of WA can not attend. Why hasnt this been set up on zoom so we can attend from home and get a few answers.
Yes I am a buyer still and will pick up more when I can. As I said, I beleive that Tolukuma will be big which is why I went to the original wardens meeting to find out more about it, however that doesnt mean I have to be happy with the way things are being done.
This is all my opinion. DYOR.
GD
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There is nothing wrong with the stock and Tolukuma will be...
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Last
0.4¢ |
Change
-0.001(12.5%) |
Mkt cap ! $8.552M |
Open | High | Low | Value | Volume |
0.3¢ | 0.4¢ | 0.3¢ | $2.923K | 855K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 12143582 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 22875159 | 30 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 12143582 | 0.003 |
48 | 48366152 | 0.002 |
18 | 74530000 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 22875159 | 30 |
0.005 | 20222077 | 22 |
0.006 | 10685725 | 13 |
0.007 | 31398060 | 11 |
0.008 | 3959250 | 8 |
Last trade - 15.47pm 19/11/2024 (20 minute delay) ? |
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