Freegold Ventures Limited T.FVL

Look at fundamentals...

[SafeInvestor]

- nothing has changed since this peaked at $1.95
- gold has retraced slightly but will fly again with next stimulus package
- last drill result was great given the distance from the initial drill result that was deemed off the charts (I am not a geologist or a mining professional, quoting ES loosely here)
- next result is key and will be strategically released based on result (order of news may not match order lab results come back)
- 200 day moving average shows momentum
- ES bought his last trance at $1.65 I believe

Why the pessimism?
- 20 day moving average has crossed over 50 day
- the impatience of no news
- there is nothing exciting about holding this stock keeping the robinhooders on the sidelines

[Reachme]

Good post. ES paid $1.10 I think...technically anything below a dollar is a gift!!!!

[StonksInvestor]

Not to be rude but you shouldn't be thinking like that. You're not guranteed a price of $1.10. Eric Sprott is allowed to make a mistake and losing $30M+ (assuming FVL went to $0.00) would be less than 3% of his net worth. If you consider the tax write-off that he'll recognize or carry-forward to future years, then this "mistake" will hurt even less. He'll be just fine

[Reachme]

I hear you and your post makes sense.....ES is more solid than myself no doubt about that. My cost is about .93 cad