GREY:FNTRF - Post by User
Post by
momoney141on Jun 29, 2011 8:11am
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Post# 18778052
Response from IR
Response from IRI sent FDN an email yesterday regarding erosion of share holder value.
I received a prompt response which I'll share.
Thank you for your trust and interest in Foundation Resources Inc.
We have been working diligently at the Coldstream project and deliveringsolid and consistent gold results at the project. By management estimate we areon track for a mineral resource (compliant inferred NI 43-101) for August 2011.We believe this should assist in raising our share price as it’s a tangibleasset confirmation – with such little share float it should go towards gettingFDN a proper valuation.
The summer months are typically a time when equity prices tend to flaterdue to less market activity and broker involvements.
If you have any other questions please feel free to give us a call.