FRS 11.8% 1.5¢ forrestania resources limited

All,I will be first to admit that what is been happening with...

  1. 667 Posts.
    All,

    I will be first to admit that what is been happening with aggressive sell-down of FRS in recent week is not nice at all.

    ...and yes, this perhaps an understatement for some investors?

    However, one must assess these changes in sentiment of a stock along with the general consensus of it's peers across the same trading period.

    If you do this, and I would urge you to do so (even if at a cursory level) you'll quickly notice that FRS are by no means on they're own in the current sell-down of a lot of IO stocks ATM, and many other resources stocks as well.

    Many similar IO's have also been heavily sold down as the sentiment has firmly swung to the sell-side and I therefore do not believe (IMHO) that this is attributable to any manipulation or otherwise. (take a look at FRS's neighbour as a case in point)

    It also does not help when investors are now starting to look for more capital and are selling out taking advantage of the recent bull-run we've had on FRS... normal stuff in this specific regard ...but yes, oversold.

    As I have stated before, if you a long-termer on this one, then IMHO you have little to worry about - we have proven ground, miles & miles of drilling results soon to arrive on already proven ground.

    Regards, Kooyong
 
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