The SP dropped yesterday as people are playing games with it. AS very few shares are on offer to buy or sell, it can move quickly in either direction. Yesterday someone was buying downwards sucking up the shares.
Also the it had risen rapidly in the last few weeks and it would also be a simple consolidation and that is good, ready for more news.
What effect the application will have. When granted it would give FNT access to any resources over a wider area, in case the deposit runs outside the caldera. It seems to that PM believes the similarities in geology at Mt Schrader could provide another substantial deposit. And it is does, that would be great for the SP.
Time will tell.
FNT Price at posting:
29.1¢ Sentiment: LT Buy Disclosure: Held
