Fiore Gold Ltd. FIOGF

Endless selling

[lewdogg]

Anyone know what's going on here? Seems like there's endless selling every day. Regardless of the expected weakness, this should be trading A LOT higher.

[FarmerInvestor4]

  Fundamentally F.V is a great company.  But the market does not seem to reward that.  A lot of people are chasing fast money elsewhere

[FarmerInvestor4]

I added more today at $1.17 The market eventually has to wake up to this.  I personally think that Fiore would be a cheap takeover target for a bigger player.   FI4

[lewdogg]

I've been adding anywhere from .89x to .96x USD. Under a dollar USD is a gift, IMO. FIOGF is my largest position, and the largest position I've ever had in a company. It's now over 20% of my portfolio. *GULP*

[FarmerInvestor4]

If you read the audited financials, this trades at a P/E Ratio of 6.7 (+ $0.18 EPS) after their income taxes are paid.  Almost 1/4 of the assets on the balance sheet is actual cash and there is Zero debt. There are mining companies with higher market cap valuations based on ZERO Revenue & pure speculation. A modest valuation at 10X to 15X puts the share price at somewhere between $1