FDR is not an investment…Now what could I mean by that? Do I mean it’s instead a speculation? That could lead into an interesting and detailed discussion of how to tell when a stock crosses over from being too risky (for anything but one’s play money) to being sufficiently de-risked to buy. And if any company has made such a cross-over in the last six months, it’s FDR.
However, that’s not where this particular argument is going. This morning, I just have to toss in a different sort of commentary.
Those of you who follow politics may recognize the streamlined pattern of my presentation today. But I can assure you no political knowledge or understanding is necessary to enjoy owning FDR, or for reading what follows.
We are, all of us longs, part of a different sort of investment. Because we have been, for some months now, no longer dealing with an investment, speculation, gamble, sector play, bet on gold prices etc. None of that. We have all been part of an *experience*.
And, for once, I am not about to say it is the same kind of “experience” as Great Bear. As successful as Chris Taylor’s company was, FDR has proven itself to be so unique as to be on the verge of creating its own category. By on the verge, I mean maybe within a matter of weeks. The next assay batch or two prior to PDAC could finally be our great inflection point.
Taylor broke new ground in transparency and value-creation for shareholders. But even he was unable to ignore perhaps the biggest sources of friction and inefficiency with which all explorers must contend: hostile government / regulators / interest groups and painfully slow assay labs.
Yet the essence of what Founders’ management has achieved through its strategic and tactical choices is an overthrow of both those problems. Imagine, a government and a lab that both want you to succeed! And prove it with their actions. Would this not change the entire shareholder experience for an exploration play? Wealth creation is supposed to be fun, in an ideal world. Have we been living in that world already with FDR?
So, enjoy it with your friends and family. Here, I mean with people who are already shareholders. Sure, it’s always a good time to bring in worthy new longs, but that’s not my focus just now. Savour the beauty of Padget’s last two interviews, and enjoy the reactions of your loved ones as they see the story with their own eyes, if they’ve not yet watched those videos.
Because it might be that after PDAC, or another bonanza grade assay sometime in the coming weeks or months, we’ll all feel like geniuses for owning this stock. And we’ll look back on this time with a special wonder about how we had the ability to identify and act on the chance to join FDR’s bold adventure.
The opposite is true too… not owning FDR, if it skyrockets, will make self-sidelined observers or modest-sized holders feel stupid. As is always the case.
Those individuals will not be subject to public ridicule, mind you, because only they will know, should an opportunity have been missed.
But that’s essentially the same thing. It may even be worse, in some ways.