GREY:FTPLF - Post by User
Comment by
Nighthawk40on Nov 09, 2010 1:09pm
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Post# 17681192
RE: $65 Million in Cash
RE: $65 Million in CashThanks for the update.
With 3rd quarter earnings beating analysts projections and $65 million in cash, as FTP share holders, we should be very pleased with the results.
Even if an acquisition is not made in the last quarter of 2010, I'm personally very comfortable with the progress to date.
As Chad has stated many times, he is looking for an "exceptional" acquisition. Given his track record, patient FTP share holders will be rewarded soon.
Until the PM1 bank note machine is firing on all cylinders on January 2011, the Thurso Mill conversion is completed in October of 2011, and an acquisition is announced, the share price, may be prone to some weakness.
As a long term investor, the big picture looks very bright. Price corrections are expected.
Short term investor may have a unique opportunity of buying on weakness and making above average returns.
Based on how well the share price has appreciated in 2010, I wouldn't wait too long though.
Cheers,
Nighthawk40