RE:RE:RE:RE:RE:RE:FF Investor Summit Linkouch... you sure burned me...! hang on a sec while I go cry in the bathroom.
We have all been there holding long waiting..... I can sympathize, good news is that it is looking very good on several fronts if... if gold can break out of this down trend. and It sure looks like it about to do so any time now.
My concerns are more with the possibility of a general market sell off, hype and momentum have replaced fundamentals in many equities... and that can be a bad scenario. tesla with a 600 b market cap.. more than all major car companies combined... well I dont care what ruler you try to use to justify that.. its over priced, AIR BNB same thing. trading at 10 times what it was valued at earlier this year,, not making a profit...im worried the toll will be bad and drag down everyone.
on the other hand the wealthy are cashed up like never before and gold and silver are cheap compared to the security they provide...
The FF share price, you ask... OK,
beside the fact that we are in a world wide pandemic killing millions of people... countries around the world economies devastated,im not expecting "normal" I am just thankful that I am able to be here.,
If you only look at the share price for the value of a company, then of course dilution is bad, eroding shareholder value is bad... that thinking works great for a company that is already profitable... FF is not
you cannot get a producing mine without paying for it.. they are in the process of paying for it step by step. It costs money to increase the value of the company by completing milestones.., you do not get it for free. They have recently advanced 4 projects... that all costs money and takes time. more they get done = less risk= higher SP
FF also trades with in correlation to the price of gold, so as gold corrected since august, there was selling pressure on FF also. I think we are done with that leg, but I could be wrong....need gold to move above 1900 soon to confirm the next leg up
I like FF ... great projects, I am not worried about the mine being in the lake, there is a lake every 500 ft up there. Dan did say the pea would not push the mill production to 400moz annual, smaller mill footprint less up front capex prob,, from memory I think he hinted at high 300's
FR taking the silver stream was the kicker, that shows confidence that this will happen..and despite the nepotism with Keith in both comapnies,, he is no dummy... 3-4 yrs from now a permitted mine of this capacity... yummy... what would a reasonable value be?
the other properties in the portfolio seriously good stuff also, lots of historic high grades, ..
negatives
There are too many shares out, inevitable consolodation, sooner the better if you ask me. Why isnt Sprott in this? could be the high share count.
Springpole milestones are likely being pushed back, more lockdowns are going to slow the paperwork.
selling pressure after distribution of treasury shares/warrants
weakness in gold still possible
oh ya then there was that whole mustard stain fiasco,, I think we got that dealt with finally,,,, 3 new shirts from amazon ,,, add to cart..
gl