RE:Wonder why FCU has no further News?When I spoke to investor Relations on the phone just before Christmas they said the plan was for a Winter Drill program "similar to last year" and a budget of "$8-$10 Million" with more expansionary drilling and PFS type drilling again - and not really "wild catting" - with a focus on 1515W and that area....
They expected drills to be turning end of 3rd week or last week of January then, but latest I read or listened to Ross/Dev on interviews online it might be start of Feb that drills start turning.
They had literally just walked out of the Winter Drill plan meeting when I had called before Christmas - I would encourage you to pick up the phone and call the 1-800 number, explain you are an investor and ask if there is any update they will give you...? Not sure why more of us don't.
And YES, although they should report things as they materially develop - traditionally FCU has timed some news releases around larger Conferences - as that gives them something to talk about in the publilc forums/presentations and also at the booth they have up - with new marketing material.
So, I would suspect any day.
I have gone to last 2 Vancouver Resource Conferences - and had really good discussions at the booth after listening to Ross and/or Dev at the panel talks - and most of what they predicted at the booth or talked about turned out exactly as they said - this was SUPER reassuring to me as an investor because honesty/integrity/transparency is important with Juniors or any company...
If you go to these, sometimes you get little stories and tidbits of information that are gems - one Investor Relations guy was telling me about how geeky and brilliant the fellow that developed the aerial mapping/testing equipment was and how they really feel that gave them a technical leg up for finding pods and pinpointing drill areas to try.......little things like that.....
What you also realize is how small the U market is, and how few people actually go meet the people that work for the company they might be heavily invested in - particularly at the bottom of an ugly bear cycle in U. Being a fly on the wall can give you an idea of the story the company is presenting - You could tell last year, that FCU was differntiating itself by the shallow nature of its resource compared to NXE exponetially increasing resource - which made sense since neighbour was now bigger, but deeper...
Also, NXE was supposed to be there at Vancouver last year, and apparently pulled out - rumour was they didn't want to pay like everyone else who was presenting there - so Organizers said, no pay, no co-host the U panel - LOL - which, could be a pro or con - NXE saved money and their stock didn't suffer, so who knows - but sure was interesting!!! I think NXE pulled out at last minute presenting at another conference in fall of 2017 as well - they had to rush back to Vancouver for some reason....always curious.
Interesting stuff! I suspect we will get quite a bit of info in next 7 business days, with Vancouver Resource Conference starting in 10 days! They will want to PUMP any good news HEAVILY there. There is finally a bit of momentum/excitement - probably the bottom has passed - and a solid RE is something they are almost certainly rushing to have ready for the Conference on Jan 21/22nd. Remember, FCU is Kelowna based - so they have a strong presence at Vancouver Conference....
Herr Steiger - the GermanCommodity TV fellow was filming his report last year right in front of me, lol - I'm sure FCU will want to give him a juicy update.....