RE: What is it going to take?I think the problem here is the impending dilution. Everyone knows that these little companies have no cash and very little collateral.
They have some big plans, and that will require some serious investment.
Watch for some massive PPs in the coming months. I wouldn't be suprised at all to see FAB with 100,000,000 outstandng shares by fall.
I hope that I am wrong. If we can get a huge reserve estimate for the Prophet discrovery, that may help secure a LOC. But I have a feeling that isn't going to happen.
It's coming up on a month since the news was leaked over at BHP. So I would think that the testing should be nearing completion (who knows, we get no info from management). If results are good, and the past is any indicator, BHP should move again as the insiders pass the info around.
Incase anyone hasn't noticed yet, BHP is the one to own, FAB and WL are sacrificial lambs. Hate to be so negative, I've been posting on this forum for over two years, and have now come to the realization that us little guys have probably been had. I know I will get called a basher, asked 'who am I working for', all that crap... who cares.
If we don't get a big reserve estimate in the coming weeks, sell and run.