Ann: Major 3D-IP Survey Commenced at Moina Projec, page-33

re: Ann: Major 3D-IP Survey Commenced at Moin...

I'll be giving FNT a bit of a rest soon - but it does appear to me that the market is discounting a lot of what posters are hanging their hats on here.....

first, I think the market views FNT as merely a prospecting company at this stage, though its been in the business a lot of years it hasn't achieved anything commercially?

second, even if the OTML JV arrangements do come up with the goods, you're looking at years down the track before it will translate into dollars for FNT?

third, the recent announcement received the cold shoulder from the market, it's not excited about any Tasmanian prospecting at this stage, you can ignore market reactions if you wish but it's clearly not impressed with FNT and Tasmania


I could be wrong of course, but it seems to me there's no rush with this one, and without strong news soon the share price is likely to slip further and further back, I could be interested in FNT once it goes sub-10c but by then.....