FDR trying out the classic one-two punchOur management is truly covering the waterfront when it comes to managing its news-flow creatively to maximize its impact. Today’s news was solid, but its strong (and verbally deliberate) hint of *very* good drill core about to follow soon is what makes this report so special.
Sounds like our favourite metal was gleaming forth for all to see as they packed up the cores for shipment to the lab. Not a guarantee of anything… but it sure don’t hurt none.
If I were an explorer CEO awaiting what I thought would be truly excellent assays, it would make sense to clear the decks of any good news that had accumulated since the previous results. Again, this extracts maximum effect from each bit of new data. The fact that a Vancouver mining conference is coming up in a week, with Eric Coffin to personally highlight Padget’s story, just adds fuel to the fire.
Should it turn out that we get a fantastic result next week on Wednesday or Thursday (or perhaps, if the timing works out especially well, Friday morning after two hours of trading), it will be a rare one-two punch tactic for the pacing of news.
Set the markets up with today’s aggressive jab, then knock ‘em out with the straight right next week. I’ve certainly never seen anything so perfect from a marketing point of view in this sector.
Mind you, not every junior has the luxury of a light-speed lab serving up a panoply of shiny results in any given quarter. Most firms are lucky to get enough assay output for one good bulletin every three months.
But what FDR is doing here is continuously showing it can and will release news on any day of the week, before market or during, and now, potentially just a few days after a high-quality 246 gram-meter number has come out.
Keep any impatient longs guessing. There is no safe time to be out of this stock.
As a side note, I figured the Christmas break for our drillers would mean a news air pocket at the end of January. But given our lab speed, maybe the 22-day gap we just saw was it? Maybe we’ll now see nothing but steady news for the next 6 months or more?
I commented earlier on management’s superior approach of growing Froyo to maximum size, at least in people’s imaginations, before trying to prove anything on Buese or Lower Antino. I’m so glad they ignored my previous armchair quarterbacking. This next release should do wonders for Froyo’s footprint, and all the estimates tied to that. Including those for how big Buese might be.
And what’s not to like about bringing a third drill rig onto the project? Let’s bury that lab in core. Things should only get more interesting from here. And they’re pretty good already.