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Foremost Clean Energy Ltd C.FAT

Alternate Symbol(s):  FMST

Foremost Clean Energy Ltd, formerly Foremost Lithium Resource & Technology Ltd., is a uranium and lithium exploration company with interests in 10 prospective properties spanning over 330,000 acres in the prolific, uranium-rich Athabasca Basin. The Company also maintains a secondary portfolio of lithium projects at different stages of development spanning over 50,000 acres across Manitoba and Quebec. Seven properties comprise its Easern Athabasca Uranium Properties, which include Murphy Lake South, Hatchet Lake, Turkey Lake, Torwalt, Marten, Wolverine and Epp Lake. Its Blue-Sky uranium projects located within the western portion span approximately 102,000 hectares in the Athabasca Basin consisting of three projects: Blackwing, GR Property and CLK Property. Its lithium projects include Zoro Lithium Project, Jean Lake Lithium-Gold Project, Peg North Project, Grass River Claims Project, and Jol Lithium Project. Winston Group of Properties is its Gold and Silver Project.


CSE:FAT - Post by User

Bullboard Posts
Comment by Anonxmason Jan 21, 2018 1:08pm
172 Views
Post# 27403704

RE:Hold

RE:HoldCompletely agree with LongShot.

I also like to think about the negatives of a stock in order to bring balance to my decisions. I ask myself what is the likelihood of this going down in SP and with FAT that question gives me even more confidence.

Will spinco lower the price? No (there may be a minor spike upwards when announced and a sell by some after, but this is only good right now).
Do we need more results to sustain this price? No - Dyke 1 alone should keep it there
Do I see management messing this up? No - great track record
Will desire for lithium crash? Nope - demand is on the up and supply is the issue; no substitute for the lightest metal out there.
What is management saying their goal is? Buyout - this is realistic and likely.

How likely is a down tick from .90s? Extremely low.

The plus side. 

Let’s start with the chart. I’m not a chart guy, but this one is easy for me to figure out. We have a cup and handle. Yes, everyone keeps talking about ‘cup and handle’ forming, but it is now there. Look at the chart at the previous time and compare the size. Epic upswing coming.

Volume this year has been way higher than 2017. 

Results and news haven't fully started. We were all expecting something big at the start of January, but now it looks like we are set. I don’t see any reason not to start the big promo and NR regularly from now. I’m not the expert Keith is, but there seems to be no reason not to get this going now. Let’s hope I’m right. This week sometime we have lift off. My opinion.


Bullboard Posts