FCC.V falls to 29c in Canada overnight. Trent's recent on-market buying was above these lows. He will be quietly fuming.
FCC will fire up if it can find a few years' supply around Cobalt Camp for the refinery to bridge to Iron Creek production. Drilling away; encouraging grades; nothing bankable yet.
FCC is trying to fill an inside straight - a tactic skilled card-players avoid. Still, it could work and make us all a motza.
No word on refinery renewal costs, study results due last quarter.
No evidence this is the absolute bottom. I am seriously underwater and find myself gambling on the turn of a single card. What will it be?
Ash
FCC Price at posting:
31.5¢ Sentiment: None Disclosure: Held
