RE:What does WilwalInvestors have high expectations for FAT so when an NR comes out that doesn't contain blockbuster news, investors feel disappointed. I have no doubt that is mainly what happened today.
There was certainly nothing wrong with the contents of the NR. The extension of Dyke 1 is a good thing as it extends the dyke by about 33%. That will add some nice tonnage to the resource. Looking at the results of the soil sampling around Dyke 1, expect they will extend it further yet.
We are all looking for results of the soil sampling on the newly optioned ground and when this NR didn't produce those results.....another disappointment to anxious shareholders. I expect that when that NR comes, it will be the next blockbuster NR that will move the stock into new highs as that new Strider ground would be a major gamechanger if it contains prolific spodumene dykes.
Details on the winter drill program were sparse. Most explorers would have a plan in place at this point and at least announce the number of meters they plan to drill. From this NR, all we can tell is that they are focusing on Dyke 1 for DD and it makes a reference to other dykes. There was previous information out there that there was a plan to drill most of the dykes this winter but this NR isn't very specific about it.
The "financing" was of interest. Companies can't get promoters to take shares/options/warrants if the promoters don't have a great story to tell. We have seen the promoters capable of moving this stock more than once in the past, so I expect they will do it again when we get closer to that next blockbuster NR.
So overall, this NR is like kissing your sister.......nice but no thrill.
The overall story here hasn't changed and there is plenty of upside......especially from today's price. Anyone looking to accumulate will do well from this level as a short term double is now possible from .71.
DDKhrisna wrote: Think about the latest NR and recent slide backwards?