RE:FDR: moot points vs. bridging the gapCharger
So far I'm in for 49,500 shares of Founders averaged in at approx $1.45. I started buying around the 90 cent level, but have been more aggressive on the way up...
Having hoped on a number of significant multi-baggers back in 2009...(6-10 fold returns.)..Ventana, Colossus, and Aurelian in Equador....There are certain qualities I look for in junior gold mining companies and Founders has them...I should have been more aggressive from the get go in my accumulation, but such is life...
Founder represents about 20% of my gold holdings, and is much higher than I normally like, but higher grade and longer intercepts over multiple holes provide me the confidence I need to put my money here. That said, gold co's represent about 30% of my portfolio...
Founder's is funded, and has plenty of money in the bank. The overhang from the solid price movement these last couple months is getting chipped away at. The signifcant number of warrants that are well "in the money" provide some headwinds as well...but it is being chewed through.
The change in the macro economic climate in the US regarding inflation numbers will keep interest rates higher for a few more months, that in turn will keep the US$ higher too, and thus gold more expensive in foriegn currency terms which should be putting a light damper on demand, but based on everything I have read, demand is strong around the world and the strong US $ is doing little to deter buyers with all of the conomic uncertainty in the world.
Just think of Bitcoin, which really, amount to digital gold...The speculative market is more frothy than some have anticipated, particularly in Tech, but when things get volatile...watch for gold to gain traction as an alternative.
Cheers