OTCQX:FSXLF - Post by User
Comment by
Kn0wNothingon Sep 11, 2020 12:19pm
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Post# 31542928
RE:RE:RE:RE:last post
RE:RE:RE:RE:last post This company is not about short term share price. It’s a long term project. So let’s not get worried about short term SP gyrations in the absence of any news to justify worry The SP will ultimately be dictated by the drill and the company only has two drills in the entire company. I’m sure both drills will be turning 6 if not 7 days per week. There is only so many feet which can be drilled in a week, though I suspect, with the high prevalence of Covid in Victoria, labs results may be delayed. But good things come to those who wait.
Currently own 30,000 shares having sold 7,000 on the way up for tax reasons. Will buy the 7,000 back once the relevant anti avoidance provisions are time expired.
Have never been totally convinced about the Spin Out. To describe Leviathan as “free shares” seems to bend reality to me. The tenements being spun out were owned by FSX before the initial floatation so when you bought into FSX you were, in part, paying for these. That applies to everybody. The Spin Out merely cuts shareholder’s investment (your own money) into two pots, one of which you will now have only have restricted access to.