Metallurgical test work, page-48

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sharebroker1

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04/05/22

08:22

Post #: 61187077
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Originally posted by MarkyBoy49: ↑

FNT is up around 450% from what lows?

Why do you keep spamming that the FNT is heading for 1.7 cents?

I see no evidence that there will be a major correction in the FNT SP. On the contrary, I see a rally happening very soon.

The current weakness in the FNT SP is due to overall macro-economic weakness and uncertainty (Covid in China, inflation, rising interest rates etc.) as well as overall global geopolitical uncertainty (the Ukranian war!).

I got Tolukuma 100% right i.e. it was very valuable and the new owners of ML104 were always going to be very interested in acquiring EL2531 from FNT i.e. it was all part of the overall big Tolukuma picture. Pretty obvious really. FNT only got paid a lot less because they walked away i.e. they didn't develop EL2531 themselves over the next couple of years (Lole MIning will now be doing this themselves, with FNT now probably getting a share of the earnings).

Most importantly, I am currently sitting on a very large 200% plus profit and in just 2 years. How are you doing?

With regard to egg on a face, here is a napkin.

Cheers.

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Oh dear you are seriously deluded, ' FNT got paid a lot" regards Tolukuma ??

Of course blame China Covid now hehe, but if you are so confident, why on earth do you rehash over and over the same old articles from other companies that have little to do with FNT apart from some 39km nearology ??

Sorry MB49 you sound desperate and you know it !
In my humble opinion the gaps will close lower, and with the macro economics you mention, the upcoming election, the higher interest rates and the looming Major correction in the Dow all spell evidence of a drop accross the penny sector, not just FNT !

Hence why we are now starting to see it come off from the highs and I believe it will settle around 1.7 to 1.9 cents near term imho, which I believe is fair value for where it is at the moment at early stages !

FNT Price at posting: 3.1¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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