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Freegold Ventures Limited T.FVL

Alternate Symbol(s):  FGOVF

Freegold Ventures Limited is an exploration stage company. The Company is engaged in the acquisition, exploration and evaluation of mineral properties. The Company is focused on exploration activities in Alaska on its Golden Summit and Shorty Creek Projects. The Golden Summit Project is a road accessible gold exploration project near Fairbanks, Alaska. The Project consists of several long-term leases, including Keystone Claims, Tolovana Claims, Newsboy Claims, Green Claims, Chatham Claims and Alaska Mental Health Trust Property and claims and lands owned by the Company. The property is comprised of 53 patented claims, 107 unpatented federal claims, and 240 State of Alaska claims that cover a total area of 5,971.6 hectares. The Shorty Creek Project is located 120 kilometers northwest of Fairbanks, Alaska and four kilometers to the south of the all-weather paved Elliott Highway within the Livengood-Tolovana Mining District.


TSX:FVL - Post by User

Comment by BlueChipper2020on Jan 25, 2021 11:32am
166 Views
Post# 32375456

RE:It's time. Good luck everyone!

RE:It's time. Good luck everyone! Stonksinvestor

All the best. I understand your thoughts and you are correct about getting to greedy. However, IMHO, all FVL investors need to understand that the entire sector is down big time along with other  quality juniors (WM, GBR, Tudor etc.). The gold price has been stubborn and stuck around 1850USD. 

However, keep in mind that the drill results keep coming here and this company is going to do a lot of drilling in 2021 and are very well funded. The sector and the gold price is gonna move rapidly at some point. I am not big on exiting and then aiming to "get back in". If you look at even the DOW and NASDAQ, it is a handful of trading days which produce the gains. No one knows when those will be.  

I would encourage investors to exit if you have a better use of the capital and a plan. I would not sell here and then invest in some other junior. That does not make sense IMHO. Nothing wrong with lightening a position, however not sure why sell ALL your shares? This is really selling low on sector weakness, bad sentiment, fustration etc. Is that NOT the opposite of not selling and booking signficant prices a the high and getting too greedy. Seems you may be making the opposite mistake now.  

In any event, all the best. 

BC 
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