Post by
GoneBroke on Jul 08, 2024 3:51pm
Remember the Bre-X Scandal
The Bre-X scandal is one of the most notorious cases of corporate fraud in history. The company, which was once valued at over $6 billion, collapsed in 1997 after it was discovered that the gold deposits it had claimed to have found in Indonesia were fraudulent.
It took many, many, years for investors to come back to the gold explorer marketplace .
Now , I'm not suggesting that FVL is misrepresenting their gold resource BUT FVL is damaging credibility to deliver on just about every timeline that it has ever stated in it's news releases .
FVL was poised to explode at the end of 2023 , going forward into 2024 if they could have only financed in January 2024, released the updated MRE at the end/mid February and delivered the PEA in the first week of March .
Furthermore , by stating that they wanted to do more drilling to increase the economics for the PEA > they virtually telegraphed across the whole gold explorers community that FVL's 20 million plus ounces of gold resource wasn't economical to develope >> EXtremely damaging the value of our share price >>> destroying potential investment during record highs for gold
The only thing that can change our trajectory is the announcement of a buyout offer >> all would be forgotten
The coming updated MRE is foreshadowed ( by a couple of months) by the CEO poster Miningrocks , with his 24.1 million ounce est. and Ggoldhunter , with 30 million ounce > with Miningrocks being correct for our previous MRE.
All I saying is the gold explorer industry needed to show accountability after the damage of the BRE -X scandal > FVL needs to start delivering on it's stated goals > the shareholders are getting @%*# over > it's like KW and the board want to drag their feet for ever to keep filling their coffers with little regard for the share price or share holders ....
Comment by
stockpunter2 on Jul 08, 2024 5:40pm
read: https://miningexplained.com/the-lassonde-curve/