Post by
BlueChipper2020 on Oct 30, 2020 12:03pm
WHY NO MERGER
If you look at past history of major Eric Sprott plays, (FVL is one of them where he is a significant shareholder), there is no buyout etc. at this stage of the game. Why on god's earth would you want a buyout. A buyout is done typically at a 40% premium (give or take depending on many factors) of the average trading price over a limited number of days.
ES has repeated trhoughout his career, he looks for 10-20 baggers. FVL is gonna drill out this 10,000M program, then a larger program in 2021 to expand the resource, move the indicated and inferred resources to higher buckets (measured/indicated & inferred) and look for more potential zones of gold resource with further exploration. ES will leverage this to an increasing gold price in 2021, regardless of who wins the US election. THIS COMPANY IS NOT FOR SALE. I can guarantee you that now.
I also would not read anything into ES not appearing on this show this week. He did not mention FVL last week. however has gone out of his way to mention it in prior webcasts. ES owns dozens of other juniors and has significant holdings (a lot more than FVL) in many other companies. His world is not soley FVL.
GLTA
Comment by
ggnewmex1 on Oct 30, 2020 12:10pm
Thank you Blue hip Duly noted and appreciated. FYI... NFGFF new found gold... another ES play.. moving
Comment by
BlueChipper2020 on Oct 30, 2020 12:21pm
NFG is moving a lot on momentum. I never enter positions like that. I have a large position in SIC which I have had for 2 years. Sprott is in that also. They are in between NFG and Marathon in Newfoundland. Same structure as the others which runs from Ireland to South Carolina. Nice to get good results soon on that one. GLTA
Comment by
Freefall222 on Oct 30, 2020 1:54pm
BlueChipper2020 what is your take on Labrador gold? Very close to where NFG is.
Comment by
BlueChipper2020 on Oct 30, 2020 4:11pm
Freefall222 I don't know much about it other than a quick scan on yahoo finance. Seems fine to me if you are in it. I have not done further DD but seems likes its popping in a hot area. Good luck on it. Cheers.