RE:RE:RE:RE:RE:RE:Beechworth AcquisitionLaruch12 wrote:
This could mean that sp will decouple even from good drill results and gold price..
1. From good drill results, clearly decupled ,Yes, but anyway, what drill results ? At this stage, FSX is a financing and real estate company much more than an exploring one. CAN YOU GIVE ME THE NAME OF ONE EXPLORING VENTURE COMPANY WHICH HAVE MORE CASH BY SHARE THAN FSX (AND NO DEBT, AND ONLY 10% DILUTION IN SHARE STRUCTURE) ?!
2. From gold price also decupled We forget too quickly that the SP was largelly affected by warrants exercice during at least 4 months before spin-out, and by free LVX shares after and right now.
We are visiting now the same level price like 6 weeks ago.
- The end of october sellers was mostly the warrants owners, under spin-out pressure. They could have more LVX free share after warrants exercice
- The end of october buyers could have LVX free shares too
- And the current sellers are , IMHO, in majority the end of october buyers who already have the LVX free share in the pocket.
How long ?
KL needed more than 2 years to touch bonanza grade at 1,400 ft in depth in same Swan Zone like our Lauriston. This is the Motton's job .
But it doesn't prevent us to make some money by spin-out, other land purchase, increase insiders positions, one great gold producer enter, gold price jump etc... This is the Slusarchuk's job, but also of Hutton, Hethey, Lewins, Liza Gazis etc...