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Founders Metals Inc V.FDR

Alternate Symbol(s):  FDMIF

Founders Metals Inc. is a Canada-based exploration company focused on advancing the Antino Gold Project located in Suriname, South America, in the heart of the Guiana Shield. The fully permitted Antino Gold project covers over 20,000 hectares (ha) with historical production of over half a million ounces of gold. The Antino Gold Project is a resource definition stage gold exploration project located in southeastern Suriname, within the Guiana Shield Gold Belt. The project is approximately 275 kilometers (km) from the capital city of Paramaribo and is accessible by air to the Antino Camp airstrip or by barge along the Maroni/Lawa River bordering French Guiana. The Project covers a significant area of alluvial and small-scale saprolite open pit gold mining with approximately 500,000 ounces (oz).


TSXV:FDR - Post by User

Comment by eatmorefiber2on Aug 27, 2024 11:52am
82 Views
Post# 36197788

RE:FDR and the Monday news

RE:FDR and the Monday newsVery nice analysis 68, and thank you for sharing your thoughts with the community.

I think the stock sale was done professionally and with minimal disruption to the market price. There's no way in heck that this institution would purchase such a large block of stock without knowing something more tantalizing than what we retail have access to. Perhaps they saw some core at Buese? 

Fact of the matter is, they wouldn't have been able to buy 1 million shares on the open market without really moving the price up. 

It's a win win for all of us.
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