TSXV:FCO.H - Post by User
Post by
jon8034on Jan 04, 2006 7:59pm
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Post# 10118857
moving on up
moving on upThings are looking interesting.
Looks like we are starting to burn through the cheap shares finally.
It really is difficult to say when the assay results will be released, especially if the number is as high as preliminary field tests indicated. It is probably best not to pin our hopes on a certain date - other than to note that they are currently 7 weeks overdue and that JNN/IUC results (submitted just before FCO) came out just before the holiday. In the end it doesn't really matter if it is this week or next. The stock doesn't need the Uranium to pull a double over the next 45 days, it is just icing on the cake - or if it is good enough - a whole 'nother cake (yellow cake that is). Either way, it looks to me if you are long in this stock you are on the right side of the fence:)
Remember there will be warrants execute for .35 and about 19,000,000 at .50 - this should not stop things and will cash up the company with over 10million. I beleive these are accelerated purchase warrants so they will have to be purchased as we go past the requisite amount.
Between this, the BFS, cash on hand, and the prelim financials with refinery income and precious metals gains, company should be cashed up to proceed as the stock rises.
Just my opinion!