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Founders Metals Inc V.FDR

Alternate Symbol(s):  FDMIF

Founders Metals Inc. is a Canada-based exploration company operating in North and South America. The Company is focused on acquiring and advancing gold projects in the South American Guiana Shield. Its flagship project is the Antino Gold Project, which covers 20,000 hectares (ha) in Suriname. Antino Gold Project is a resource definition stage gold exploration project located in southeastern Suriname, within the Guiana Shield Gold Belt. The project is approximately 275 kilometers (km) from the capital city of Paramaribo and is accessible by air to the Antino Camp airstrip or by barge along the Maroni/Lawa River bordering French Guiana. The project covers an area of alluvial and small-scale saprolite open pit gold mining with approximately 500,000 ounces (oz).


TSXV:FDR - Post by User

Post by 68Charger1on Mar 04, 2024 3:32pm
85 Views
Post# 35914101

FDR and the busy day: on-the-fly colour commentary

FDR and the busy day: on-the-fly colour commentaryGlad you jumped on that pull-back opportunity, NextLeg.
 
I guess we retail buyers can never fully rule out manipulation, but I suspect this morning’s initial slump was just institutions trying to fake each other out as they jockey to snap up 50,000 share blocks.

Either that or our share price was simply taking a (very brief) breather after the run-up last week.  A natural phenomenon, with briefer, shallower pullbacks being indicative of further up-moves to come.

Day traders don’t tend to be big picture dreamers like you and me.  Not that there’s anything wrong with that.  Thank God for their romping around, else where would our volume and liquidity come from sometimes?

Anyhow, I was going to politely suggest you raise new cash from that big, well diversified portfolio of yours, but sounds like you were a step ahead of me.
 
Anyone else listening?  If you’ve holding stocks you’re disappointed in, or ones that are perhaps now fully valued (over-valued even?), or maybe ones with slower developing stories, here’s your chance to reallocate to more FDR.

I’m no geo, but if even just merely visible gold flecks in core drives huge gram per ton figures, then that new gold vein will be a nuclear strike.  And when Padget says, “results in two weeks”, we all know what he means is, “could be any day now”.   Because you can be sure that visible-vein core just moved to the front of the queue.

And a new all-time high gold price right around the corner possibly?  You can’t write this stuff.


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