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Bullboard - Stock Discussion Forum Fury Gold Mines Ltd T.FURY

Alternate Symbol(s):  FURY

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

TSX:FURY - Post Discussion

Fury Gold Mines Ltd > Give this time
View:
Post by Gutinstincts55 on Oct 15, 2020 7:50pm

Give this time

I am not at all surprised at the price action during this first week of FURY.  There was a whole camp of people in either totally or mostly for the Peru projects that had planned to sell Fury immediately. That should stop soon & some stability should set in.  I cannot speak for the Eastmain investors.  For the AUG side we are down 50-60%, but with so many ways to win here.  That is unless you have a very short sighted outlook.  Kick back & re-evaluate the first day of spring.   I would have liked to half my Fury position, but no way I will at this price.   I'm a happy bag holder for now.
Comment by compaq on Oct 15, 2020 8:54pm
Hoping for a good turn around in share price is a crazy investment strategy and a good way to go broke. This is a deal gone bad and a lot of money traded hands at the expense of shareholders to pay for spinco. 
Comment by Gutinstincts55 on Oct 15, 2020 10:41pm
Hopefully you didn't invest here. Since my mining sector  accounts made me 99.6% in the last 12 months I'll continue on with my strategy.   You do you. 
Comment by Gutinstincts55 on Oct 15, 2020 11:15pm
If any single property within the 3 companies hits a big resource this investment will end up more then worth it.  Multiple wins & who knows how large a winner this is in a few years?  I like the odds. This will take discipline & patience. But don't all mining Jrs?  Trying to time & trade stocks like these are where you get hurt...been there. Find quality projects in ...more  
Comment by compaq on Oct 15, 2020 11:17pm
Agreed, and I will always do my plan. Best of luck in achieving 99.6 in the next year! There's good opportunity to do so. 
Comment by goldpolka on Oct 16, 2020 7:09am
My take ... for what it's worth: Overall I agree with the philosophy to "give it time" as the Eastmain and Auryn shareholders rebalance their positions.  It will take some time for the the new Fury stock to find its equilibrium after: a) shareholders who were in it for Peru mostly, sell off their new Fury shares (effectively locking in the price they have now paid for the Peru ...more  
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