Post by
tas20 on Oct 22, 2004 7:45am
good news bears
not quite the title of alan greenspan take on the us economy but my take on frp and the next couple of months. i was about to update my perception on frp when to my delight i read this morning that a company has acquired 27% of the total outstanding shares by exercising their receits from the previously announced financing done wayyyy back in april. QUESTION WHY? ANSWER the projects that frp has on its books musst be very close to completion.im open for other suggestions. if this is the case then go back several postings where i have demonstrated a hypothetical price reaction to a 170,000 oz.per year production scenario based on Newmonts 3 year history at THE SAME MINE!!!! DOES IT GET ANY BETTER IN THIS BUSINESS
Comment by
jimh_63 on Oct 26, 2004 6:39am
with the price of gold continuing to rise this stock should make some large moves once they get all the permits needed in place hopefully all this will happen sooner than later