basically what this guy wrote which i have cut and paste below is a very good summary of FNT.......have a look and let me know what you think.
Happy Investing! :)
ANother typical end to the day, with people rushing to jump on board.
Interesting thread and opinions.
1) I had a look at GOR as they were mentioned as a model. The main difference is their drill results while acceptable were lower than FNT previous drilling at Andewa; Which Ubid supplied for connivence.
7.9M of 10.01 g/t Gold Drill
10.8M of 7.40 g/t Gold Drill
3.0M of 10.97 g/t Gold Drill
5.0M of 18.05 g/t Gold Trench
3.0M of 14.26 g/t Gold Trench
15.6M of 5.12 g/t Gold Trench
2) The drill/trenching work above was outside the anomalies detected in the IP report. Basically previously drilling was in the halo or low grade outskirts of the deposit so it seems from the IP report. That is what makes Andewa so interesting (Exciting)
3) If you had seen Peter face when he talked about the report it was the face of someone who had won lotto and was bursting to talk about it...That is from a experienced geologist but couldn't. I think he knows he's found the deposit to mark the future of FNT. Remember he has been in this position before before politics got involved.
His actions is resigning his other directorships supports this. His focus is now on FNT and Andewa. His family has large holdings in FNT so when he benefits so do we. WIN-WIN.
4) FNT has multiple projects going on at present.
a) Andewa - total focus of the current SP rise. IMHO
b) Tasmania - really forgotten I think by the market in general
c) Ok Tedi - Lots of resources looking at the joint leases, from a huge company desperate for more resources.
5) Drilling has also been announced for April for Andewa. This is a big reason in my opinion for the rise. The drill is king and the company using the supporting evidence feels confident and have set a firm timetable for the exploration. The market likes this. Too many small cap companies never into the drilling.
6) On the market itself. VERY FEW SELLERS. This is a major factor in the rise of the SP. To be honest I'm loving it but I am surprised by recent movement. BUt the market is never wrong. There is simply now too much potential in FNT and long term holders like many here are not selling. So anyone who wants in is having to force the price up to get their share. Simple supply and demand. In comparison to GOR, if you look at their turnover during their rise, much much higher on average therefore more shares on the market, maybe more speculators or people taking profits? This has not happened with FNT. People are holding.
There is my essay.
7) Retrace - It happened on Tuesday/Wednesday and bounced back today strongly. Same pattern for the last few weeks. Each retrace has found good support and bounced nicely. So with the news getting closer, will there bit another big player come in a grab the next big comp like on Monday?? Remember big players like institutions move billions of dollars around, so while making us small fish happy, it's not a huge % of their business.
8) SPP could cause some decline in the SP depending on its price etc. But the higher the SP less the dilution and less impact on the SP overall. As its only going to be offered to existing holder it wont be the case of sophisticated investors getting a free ride then dumping.
I believe on what FNT has to offer the SP will continue to climb until at least the first drill assay's are out of Andewa. When those assay's come out, if they are good it will move hard, if not there may be some big dumpings?
I believe it will go up, simply because I've been holding for around 5 years and have faith in management with the resources now are about to bear fruit.
I'm sure there is more to say but enough to now :)
No is there going to be a Friday close of business rush tomorrow as the Sell side is looking really thin now.
Interesting thread and opinions.
1) I had a look at GOR as they were mentioned as a model. The main difference is their drill results while acceptable were lower than FNT previous drilling at Andewa; Which Ubid supplied for connivence.
7.9M of 10.01 g/t Gold Drill
10.8M of 7.40 g/t Gold Drill
3.0M of 10.97 g/t Gold Drill
5.0M of 18.05 g/t Gold Trench
3.0M of 14.26 g/t Gold Trench
15.6M of 5.12 g/t Gold Trench
2) The drill/trenching work above was outside the anomalies detected in the IP report. Basically previously drilling was in the halo or low grade outskirts of the deposit so it seems from the IP report. That is what makes Andewa so interesting (Exciting)
3) If you had seen Peter face when he talked about the report it was the face of someone who had won lotto and was bursting to talk about it...That is from a experienced geologist but couldn't. I think he knows he's found the deposit to mark the future of FNT. Remember he has been in this position before before politics got involved.
His actions is resigning his other directorships supports this. His focus is now on FNT and Andewa. His family has large holdings in FNT so when he benefits so do we. WIN-WIN.
4) FNT has multiple projects going on at present.
a) Andewa - total focus of the current SP rise. IMHO
b) Tasmania - really forgotten I think by the market in general
c) Ok Tedi - Lots of resources looking at the joint leases, from a huge company desperate for more resources.
5) Drilling has also been announced for April for Andewa. This is a big reason in my opinion for the rise. The drill is king and the company using the supporting evidence feels confident and have set a firm timetable for the exploration. The market likes this. Too many small cap companies never into the drilling.
6) On the market itself. VERY FEW SELLERS. This is a major factor in the rise of the SP. To be honest I'm loving it but I am surprised by recent movement. BUt the market is never wrong. There is simply now too much potential in FNT and long term holders like many here are not selling. So anyone who wants in is having to force the price up to get their share. Simple supply and demand. In comparison to GOR, if you look at their turnover during their rise, much much higher on average therefore more shares on the market, maybe more speculators or people taking profits? This has not happened with FNT. People are holding.
There is my essay.
7) Retrace - It happened on Tuesday/Wednesday and bounced back today strongly. Same pattern for the last few weeks. Each retrace has found good support and bounced nicely. So with the news getting closer, will there bit another big player come in a grab the next big comp like on Monday?? Remember big players like institutions move billions of dollars around, so while making us small fish happy, it's not a huge % of their business.
8) SPP could cause some decline in the SP depending on its price etc. But the higher the SP less the dilution and less impact on the SP overall. As its only going to be offered to existing holder it wont be the case of sophisticated investors getting a free ride then dumping.
I believe on what FNT has to offer the SP will continue to climb until at least the first drill assay's are out of Andewa. When those assay's come out, if they are good it will move hard, if not there may be some big dumpings?
I believe it will go up, simply because I've been holding for around 5 years and have faith in management with the resources now are about to bear fruit.
I'm sure there is more to say but enough to now :)
No is there going to be a Friday close of business rush tomorrow as the Sell side is looking really thin now.
