RE:News ReleaseTorchie1,
Good to see more investors having easier access to the trading of any company's shares.
However, I posted the following three weeks ago ..... and there is still no change .... I am becoming concerned about the credibility of the company's management team, especially
Bryan "Imminently" Slusarchuk.
16 weeks, by any reasonable person's definition, can in no way be construed as "imminent"
Tad wrote: Goldred,
Back on March 25, the company issued the folowing news release .....
https://fostervillesouth.com/fosterville-south-commences-drilling-at-moormbool/ which included the following updates :
- Drilling at the Moormbool project has started targeting a high-priority magnetic and geochemical target.
- Drilling continues at the Lauriston project, where assay results from multiple recently completed holes are pending.
- Drilling is targeted to commence during the next 30 days at the Golden Mountain project while exploration work continues to define drill targets at Enochs Point target within the Walhalla.
- Gold belt project and at the Reedy Creek goldfield also within the Melbourne zone.
Indeed .... assay results have been pending from Lauriston since March 25 ..... 3 months ago.
If there had been anything decent, you can be darned sure mg't would have reported assay results.
Closing in on the end of June ... was told 7-8 weeks for turn around time from drill core being sent to the lab until receipt of assay results .... should he seeing something, anything, in the not too distant future, ...... lol .... I ain't using that "I" word that Bryan Slusarchuk enjoys using .
;-)
GLTA
P.S. Have you been watching Molybdenum prices the past few weeks ?!?!?
US$20 / lb .... giving that small junior exploration company's 462 million lb moly deposit I referred to a couple weeks ago an in-ground value of over C$11 Billion ..... they're raising a bit of money at the present time and will still have less than 25 million shares O/S
GLTA !
I have had some success in swing trades with FSX while we have all been "patiently waiting for "imminently" pending assay results from already completed drill holes at Lauriston. Even those swing trade opportunities have disappeared.
There is either something seriously wrong with the assay labs in Australia ... ie. ridiculously stupid government procedures and protocols regarding operating during the scamdemic .... or the company has received disappointing Lauriston assay results, and will hide those results in some future news release which will have something decent to report, like Golden Mountain assay results.
Still holding a decent sized position of FSX, and LVX for that matter, but I am growing suspicious. Hopefully the company can allay the concerns in the near future.
GLTA !