Bullboard - Stock Discussion Forum Fury Gold Mines Ltd FURY

Primary Symbol: T.FURY

Metals & Mining Gold

Fury Gold Mines Limited is a Canada-based exploration company. The Company's principal business activity is the acquisition and exploration of resource projects in Canada. It owns a 100% interest in the high-grade gold Eau Claire project, which is situated on over 24,000 hectares (ha) in the Eeyou-Istchee/James Bay region of Quebec. The Eau Claire project is located approximately 800 kilometers... see more

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Fury Gold Mines Ltd > Fury

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Post by arh0070 on May 23, 2024 9:49am

Fury

This is a good news/bad news day .Fury is raising 5 million to persue more drilling at Eau Claire using the mechanism of tax deductible(in canada) drilling expenses .This will allow Fury to further explore about the Eau Claire deposit and perhaps elsewhere like the Eleanore south area ..As always happens the share price has dropped 20% on this news over the last few days.
The good news is that they have about 2million ounces in this deposit including the Satellite deposit (Percival)recently recently discovered.
The other good news is that Dolly share price has increased substantially making Fury's ownership of about 17% of Dolly more valuable.
Probably a good time to buy for anyone wanting to acquire more Fury shares.

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Comment by MaterialsMan on May 25, 2024 3:06pm

007, Dilution is often considered detrimental. That dip after the announcement IMO was just an impulsive reaction. Volume has been very light. I see everything that is going on as positive. In the interview, Tim Clark appeared self assured and even mentioned that he has personally bought more shares. The pieces of the puzzle are falling into place, and once the big picture comes into focus ...more

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Comment by MaterialsMan on May 27, 2024 10:44pm

Another 10 or 12 %. That seems like more than an impulsive reaction. That's on increased volume as well. At this rate, FURY's market cap will be smaller than its stake in DV. Might be a heck of a bargain if gold and silver continue the run up. IMO, the stock in this company does not deserve the beating it is getting.

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