Maybe?
INteresting quote a few comments in December said come back on March when FNT starts drilling at Andewa. I thought that back in December as well but then without significant news i.e. drilling assays etc. What happened SP moved from 10c to 42/high 30's. So i"m not ruling out movement. That is not to say it won't move up and down.
There is now an abundance of reports out providing a clear direction which FNT is going for new investors to refer to.
Before we get the Andewa Assays. Things that may affect the SP are:
1) Tasmanian drilling assays, 2 in total.
2) Ok Tedi drill assays 2x 5000m drilling programs in the highly promising Bulago and leanords..
- These are not small first up drilling programs.
3) Any other OK Tedi Exploration and development work
- Ok Tedi is a real darkhorse horse for FNT, as their reporting rules are different not being a public company. SO things come out of the blue
4) Official announcement of the drilling program for Andewa, is always positive for a SP
5) The making publicly available the presentations last week to a wider audience
6) Existing holders and brokers recommending this as a buy to clients and friends.
7) Any other pre-drilling work at Andewa
Many factors affect SP, many outside what you may even consider. as the market is made up of so many different people and different agendas. Thats not even considering factors in the overall market, i.e. Japan.
For example:
Maybe out of the blue, a director may buy more shares?
While the the SP will move around whether up or down, don't assume you know what the market will do over more than a fews day.
Good luck.
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