Post by
68Charger1 on Oct 10, 2024 11:45am
FDR turns the corner
Our stock price was drifting. It was quiet… Too quiet… Then – Boom! We’re now financed all the way to take-out. Which is probably at least six months closer now. I doubt FDR is still around by next summer. If it even makes it to spring.
Our all-star management team has removed what is perhaps the last immediate barrier to stock price appreciation: anticipation of a financing. The near instant need to expand this morning’s bought deal by 33% is the icing on the cake. Sure, my model target will be diluted more than I anticipated, but I am happy to exchange that for a quicker buyout.
And I suppose there will be little time to explore all the major zones in detail, but that may make no difference. We could end up seeing very little discount on what we get paid for those potential resources versus what I projected last month.
In case anyone didn’t yet understand FDR to be a serious buyout candidate, strategic investment by a major will now solve that too. 5% is big enough to indicate credibility to all concerned, small enough to allow maximum flexibility for our brain trust. Talk about de-risking!
So, what non-assay-related surprises are left? Another star name joining the board? The growth of the property itself through land acquisition deals? An additional $300 surge in gold prices? Or $600?
No matter how you slice it, the future looks bright. We’ve bought all we want, our friends and family have got their fill, the float seems to be in strong hands. Bring on the new institutional shareholders!
Next stop: $8 When? Give it a month or so. So much easier to be patient now.