RE:FATUknowit wrote: Lots of talk of Abr here which is good but ... Keep your eyes on the real prize and that is Far Resources. Read the NRs, look at the DD done on this board in the last few days and most of all, don’t forget that we just received DTC approval. As wilwal said, it takes a few days to see the impact of that approval and companies know that and time news accordingly. Also don’t forget that Keith is a veteran of Cannacord and knows how the market works. Keep in mind that Mym ran up 188% after they received DTC.
There is lots of news to come and of course, don’t forget that Quantum Resources is currently halted pending news on Monday (Sunday for us). Quantum holds a 95% interest in the land that Ashburton is currently working on (someone please correct me if I’m wrong on this point). Quantum, Ashburton and Far are linked and Far is the obvious one to make the biggest move in securing more land base.
Read this post by Newfie and Albertastrong:
A must read Then think of the NR discussing a collaborative effort between Quantum and Far in sharing data to maximize future drilling efforts including the winter program planned by Far. There is obviously a reason behind this and that has to be a high degree of certainty on what lithium resources the two companies will find. Then add Dr. Linnen’s work and use of geochemical and mineralogical haloes to locate lithium in a more precise and rapid fashion.
Don’t forget the soil samples recently taken off of the newly optioned Thompson Bros property and the likelihood of many more lithium bearing dykes on that property being revealed. Look at the last NR on drill results and what Far has determined from drill holes done in areas that hadn’t been previously drilled near Dyke 1.
The latter part part of this week was erratic for the share price but it had to happen. For those who have even a limited knowledge of technical analysis (that would include me - limited that is) it’s obvious the chart was being set up for the next run. We’ve seen if a number of times with Fat and each time we move to higher highs afterwards.
It looks to me like the stage is being set for the next major run and that there is lots of news ready to act as a catalyst for upward share price movement. Just my thoughts- no guarantees but I think the next week or two will put big smiles on the faces of shareholders in this company. Thoughts? Cheers.
I agree with everything you're saying Uknowit. How I see next 1-2 weeks shaping up is with the DTC eligible now we can expect 3 possible catalysts releases in upcoming NR and heavy promotion:
1. Preliminary findings on the recently acquired property (i.e. more dyke swarms!?)
2. Dr. Linnen opinion of world class mine based on abundant geochemical and mineralogical haloes around the dykes?
3. Not 100% on this but hoping FAT takes a share in the Thompson Bro's Dyke in exchange for Dr. Linnen's expertise and FAT's technical/drilling team to fast track the entire area to be more appealing to a major. Others have pointed out a major will look to purchase the entire area not in 2 separate areas from 2 different companies--consolidation is key here.
Good job guys, keep it up!
-LongShot