RE:RE:RE:No news is good news -
DEFINITION of 'Material News' News released by a company that might affect the value of its securities or influence investors' decisions.
Would FCU really have to report scints and/or assays for expansion drilling at R780E right away? It's not like past spectacular hits with the drill have affected the stock price all that much. Possibly management's thought process is to just hold their cards close to their chest until the conclusion of expansion drilling and then report a big batch all at once? We have our resource estimate, why not let it grow in big chunks rather than hole by hole.
The latest off scale hit at R600W was obviously made public right away as this was definitely "material news". FCU had not hit high grade like this before at R600W.
Offscale scints at 780??? ....meh....those aren't material at PLS anymore.
Obviously a step out hit at R600W would need to be made public right away but maybe they haven't gotten that far yet?
All the drills are probably at R780E right now expanding the zone as much as possible before the ice melts and we will get a big batch of those results when done.
Then off to R600W to see what we have there.
Just my thoughts as to why we are receiving news as much as we are used to. Management knows this is a monster and since the market doesn't seem to give a damn what and when the drill hits it can wait until the end.
Patience people ;)
Uranimom wrote: BCsilver wrote: Thats total BS if they hit something great they have to tell us , no news is never good
Agree. but, who knows what could be coming? This is the team that just found (apparently) a new zone. Maybe they
do have something, but are just waiting for their jetlagged leaders to catch up. Steadily but surely up to 125,000,000 and beyond (e.g., 125,000,000 proven + 20-30 inferred) would be awesome.
People are so impatient (me among them!) to get this deal done. Logically, though, I have to remind myself that proving more reserves, waiting for the spot price to breach $40, waiting for Japan's Sendai reactor to be switched on, waiting for Russia's political climate to deteriorate further, all of these could help FCU realise a higher price somewhere down the road. My only real concern is that Chinese markets and US markets could suddenly fall in tandem.