The share price action over the previous few trading days would suggest so .
Wednesday seemed to be the last trading day that saw up and down action between the Bids and Asks . ( volume was over 100,000 shares )
Thursday was a Mexican standoff with neither the Bids or Asks capiculating > under 7,000 shares volume , with all the Bids buying into the Asks.
On Friday , it was clear to the Bids that the only way they were to Buy shares ; was to buy into the Asks > bringing the share price up to 50 cents and a volume of 60,000.
Well done Asks !!
Lets be clear > FVL “ The Golden Summit Project “ represents one of the largest undeveloped gold resources in North America .
Clearly , with a MRE of 20,000,000 ounces of gold and growing , a PEA pending later this year and more drilling targeting high grade sources > the share price should easily be $3.00 > if not more !!
Geo-politically speaking , things are falling apart on a global / macro level . Big banks are quietly failing and being bailed out , many of the BRICS nation countries have recently announced that they are dumping the US reserve currency / petro dollar , some countries have announced their own gold back digital currencies > all while the war sabres are rattling .
It is clear that the Gold Bull Run has only just begun …. Many investors have yet to get into the gold market .
Personally , I feel FVL is going to do well ,as investors try to find stocks with great upside potential .
It’s going to be very interesting to see how closely the Asks hold onto their shares going forward from here …. Are we on the verge of an upside swing … things are certainly lining up in our favour .
Hold onto your shares and lets find out