FDR and the waiting gameStill here, Seahawk. You are right - I suppose days like these are when I should post my thoughts. I don’t want to be a mere sunshine patriot. No matter how much the times might try our souls. And I can’t plead travel or emergencies, or even just “pressing matters” as an excuse for silence.
But the flip-side of my towering optimism is near-unbearable impatience when expected gains fail to materialize. Even with everything apparently going right for FDR.
I guess that in-depth technical Coffin interview of Padget played on my nerves more than I initially thought. I loved the extreme jargon immersion, even if I can only understand it from context. But Coffin’s exasperation at the end of it with his remark about perplexing apathy from potential retail buyers (and potential institutional buyers?) caught me off guard.
“Beware the fury of a patient man.” And Coffin must be one of the most patient men in this game. Where does that leave me and my own frame of mind?
Fortunately, I don’t think many current FDR shareholders are in danger of giving up and selling. Which is good, because anyone in at this point deserves a big win.
JRI is doing a great job with his site tour (and photos). And it seems each successive day brings a brand new (new to FDR, that is) poster on CEO.ca. Including the consequential and outspoken RocketRed, who I first recall seeing back in 1999 on a Stockhouse forum for a tech startup with which John Kaiser (and I, too) had fallen in love.
Pent-up selling pressure from our $0.80 PP must be long done by now. And it looks like insiders can arrange painless crosses for any big blocks they want to unload. Two analysts are now following our stock – sooner than I would have expected. And the last set of drill results works just fine as a standalone story, or as continued definition of a very large deposit at Froyo.
But I figured for sure if gold cracked $2,300 on the spot market, FDR would be above $4.00. Yet even with reconnaissance in force past $2,400, and with silver confirming the move, it seems to count for little.
Ah well, to re-quote Livermore (I must have mentioned him previously at some point), “Be right, sit tight.” And his further elaboration: that the big money is not so much made by being right, a state which lots of people can achieve. The big money is made by sitting tight… behavior much more difficult to perform.
As I am now reminded.