Post by
68Charger1 on Sep 08, 2023 5:35pm
Managed news flow, or old-fashioned skill?
Yes… I mean, both. As we settle in for a 40-hour break in trading, anticipation must be high among FDR shareholders. The irresistible gravitational attraction of the quarter-million share standing offer at $1.00 is pulling our price higher, while Colin Padget must be spending increasing amounts of his busy day talking with interested institutions. Which would stand to reason, if our estimates and expectations of FDR’s soon-to-be extra-special explorer status are anywhere near accurate.
What a great lead-in to future reports this morning’s news makes. I don’t recall the exact length of strike at Great Bear’s Dixie property, but Chris Taylor did overlay it on a map of downtown Vancouver and downtown Toronto, in a neat visual tactic to get investors motivated. That would make it 4 or 5 kilometers long.
Such an image is a very powerful persuasive tactic. Imagine a large part of one’s downtown core as a single open pit goldmine… in which you own a material stake. Plant the dream in potential investors’ minds (both institutional and retail). Now you’ve plugged some serious buying power into the tight float and conveyor belt of good drill results.
When Padget teases that the new second drill will be turning in 3 weeks or so on a big, apparently rich target 8 (eight!) kilometers away along what could be a single large deposit, it puts things in the best possible perspective. One problem though... what downtown do most FDR investors know intimately onto which Padget might map such a gargantuan deposit?
Pair that with the pending unveiling of the institution which just did the FDR financing. To become public knowledge at the end of said institution’s next quarter? September 30th maybe? Now you’ve got the added inducement of a supposedly well-respected industry leader openly endorsing our company. Some talk on the bull boards points to a firm I seem to recall was an early big buyer of Great Bear. Which would be perfect.
And if Padget is indeed holding back news for a few days to make the timing perfect for a conference appearance, who could fault him? When great ability meets the right property opportunity, and is rapidly backed by the best kind of patient money, the result is often indistinguishable from clever gamesmanship. And in the end, if a buyout should be our destiny, does it really matter which of those two circumstances we have here in FDR?
Comment by
arctan on Sep 09, 2023 10:02am
If you want to compare the 8 kilometer length of the potential deposit from the Upper Antino zone to the Buese zone with the size of a well-known city: That is about the same as the distance from Union Square in lower Manhattan (14th Street) up to the northern edge of Central Park (110th Street). In other words, it is twice as long as all of Central Park, which is 4km long and 0.8km wide.
Comment by
68Charger1 on Sep 09, 2023 10:13am
You’re exactly right, Arctan – in fact, Manhattan was what I initially was going to use as possible comparison. And it is what I should have used, because, now that I think about it, some very large proportion of FDR shareholders (and prospective FDR shareholders) have probably been to New York or, at the very least, have seen it on the silver screen all their lives.