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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

Post by 68Charger1on Oct 30, 2024 9:07am
123 Views
Post# 36288405

FDR stock price hits the $4.00 milestone

FDR stock price hits the $4.00 milestoneAnd without a news release to help it, no less.  Sheer anticipation alone.  We are fast approaching that special time I remember from the Great Bear breakout.  Not many GBR shares showed on offer, but somehow the bidders swarmed in to grab them all – and the icebergs beneath them - in large orders.  And quickly.

We’re seeing those massive market orders again here with Founders.  Must be either institutions or HNW retail.  Either way, that spells a much higher share price dead ahead.

Yesterday’s trading was a thing of beauty.  And the commentary (indirectly) predicted it nicely with lots of substantive chatter early on.  Again, some CEO.ca posts from people I’ve never seen on the board before.  And possibly the highest prolonged average active viewers yet (25-30) for FDR during much of the day.

We even had a rare visit from Eric Coffin again.  Yes, it was only a one-word comment… but that still counts for full points as far as I’m concerned.
 
If I can offer a respectful counterpoint to Goldfinger’s timely and well-written Psychology of Juniors piece, limiting yourself to 10% of your portfolio per position is wise in some ways but also underestimates one’s own intelligence.  Sure, the 10% rule is a guard against the self-destructive passions he lists - but also a severe limit to upside potential.
 
When you have been right, feed your winners as they start to prove themselves.  You can always switch between stocks if the timing calls for it.  And if you can’t switch quickly and painlessly, you’re probably buying companies with too little trading liquidity.  So maybe re-consider whether you should be in those at all, waiting for their slow-moving news flows.

FDR is the only gold explorer I own.  I try to follow (and absorb/process/consider) all its news and related information as it comes.  That takes a lot of time and thinking. If I had even 10 explorers, let alone 20 or 30, I’d be getting my facts mixed up between them.  I’d be spending half my energy keeping everything straight.  And we all know 90%+ of explorers are capital-destroyers, even with well-meaning management teams.

Warren Buffett once quoted a racecar driver who said “In order to finish first, you first must finish.”  In other words, protect your capital or you’ll be out of the trading game altogether.  True enough.  But Buffett never had any problem buying yards of the shares he liked.  He didn’t spread himself over a large portfolio in his early days – extreme concentration is how he got started on the road to billionaire-town.

So now we wait for the news that could double our stock price again, even from these new lofty levels.  Two distinct gold zones not enough to get us to $8?  Let’s see how the market likes *three* of them.

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