Member Info for ID78

Just read your post. The SP has only risen 10%(ish) from a low of 4.15.

I really don’t think you could call that missing the boat. Good luck with whatever you decide.

This is on my watchlist … and looking at the chart we have some RSI divergence.

Could be a good time to buy especially with today’s news

Brilliant - thanks for all the replies 👍

First and foremost it’s a wildcat drill - they want to validate the geology that they expect to see.

Then obviously we all want gold.

But the second hole may be tweaked depending on what they find from the first…. the only question for me is funding. Do they need a good first hole to raise funds for the second? I’m not against raises and done in the right way at the right time they can underpin a SP and start a great move. Some of the best moves come after a raise (WSBN, OMI, GSCU) At the same time FDR could be already funded for a good 5 or so holes. I don’t know…

The thing is that they could be about to break the Lassonde curve.

Ok - going into production there may be an ‘orphan’ phase but it could be weeks! IF they can process the ore and neighbouring plants then the CAPEX and planning to start the mine is minimal….

So just how far would the price pull back if production was maybe only 8 to 12 weeks away (after declaring a JORC resource)…..

Can sell 2mill shares in one go - so no issues selling.

Thanks Napth - trying to work and research here and just not doing either very well!

I agree with regards oil - just saying it’s hard to compare MCAPs of the 2 companies.

Anyway - do we know how many drill holes are contracted?…. The Stockbox interview mentioned one but I’m not convinced you’d contract a drill team to drill just one hole?… (unless it was for oil lol)…

1 follower - MH01 following Gsent?…

The thing is unclejim - if you bother with charts you could be in profit on UFO and (I’m making a big leap here) not down and posting constantly negative nonsense.

Hey Napthman - I did the same with WSBN. The first rule is to preserve capital and we both did that. Besides - at least you left the free carry which is still going up!

Can’t wait for UFO to kick off … it just feels like it’s ready to break out properly :-)

Great post filltospill

Helx - I think I’m repeating myself the chart does look just ready to pop as soon as we have news.

As you say - fantastic consolidation phase.

GEO has an oil licence (which adds to the MCAP) - so a comparison is not so easy (is what I was trying to say)

GEO has an oil licence.

I hold GEO - and I think it will do well even before drilling.

I am very tempted to add here too…

‘One of my gold picks is up 60% this year’….. umm there are many up a lot more than that!

But ignoring that - thanks I will take a read about what she has to say about FDR

Gsent wants in cheaper but really needs to bit the bullet and buy.

Shoulda done it long ago instead of posting and watching the SP go up.

Paul - they will raise but after hole 2 and more Brescia pipe hits. And once the SP is further north.

And once they raise any uncertainty over funding will be gone and the SP will kick on again (as happened after the last raise).

Hey freezer it’s a real pain in the a*** and till you understand it’s a H&L glitch and not a signal that everyone is selling it can be disconcerting!!!

Onwards and upwards!

Freezer - I can sell easily on H&L.

Do you use the app? Sometimes it acts up and everything needs restarted.

Anyway - can easily sell.