Chance I: drill, Chance II: Cliffs/TBM Chance III: diversification
posted on
Sep 24, 2010 12:13AM
Drill ready Gold projects
2nd largest land package - Red Lake Mining District & promising properties in the "Ring of Fire"
I try to invest in companies with at least two chances to pop the SP. Compare FNC and TBM:
Chance I – Drill pop
Pop from lucking out with the drills. I continue to ignore and suffer from investing in companies without a realistic drill plan. If they hit cool, but realistically, it is highly, highly, "highly prospective". I've heard that twice now, from two CEO's on the eve of bummer news releases. That's when I decided that if any CEO says "prospective" I assume definition 1 than definition 2, because everything relates to and effects the future (good or bad).
Definition of PROSPECTIVE
1:relating to or effective in the future
2a:likely to come about:expected<theprospectivebenefits of this law>
What ties FNC and TBM together? Me :{ Also, they both have two strikes from an unrealistic drill plan? So what's the lesson: don't invest in anything SG invests in. Buying for leverage sucks until the pop which seems to never come.
This is constantly repeated and I'm trying not to disbelieve it: "Nickel forms in clusters."
Chance II –Cliffs/TBM
Can anyone tell me which is true. Did Brodie-Brown talk to Cliffs or Wes recently? Are either true or both fabricated? If it were Noront, I could understand why they want/need a second hit. Although, I would have thought they learned their lesson that land grabbing isn't for them. Look at who benefited from Freewest and Probe.
If it's true with Cliffs, then there are a few things to consider. Did BB already know the results? If he did then Cliffs is after land despite results, which bodes well for FNC and TBM. If this can be confirmed, then the SP drop tomorrow will be a buying opportunity -at least for me and for Cliffs. It might also explain whose been gobbling up TBM -just like the action before the Spider offer.
If Cliffs is interested in TBM, then all the land looks yummy to Cliffs. Also, didn't Cliffs just shift 1 billion of debt Sept 15th?If Cliffs is gobbling up TBM, then SP will reach it's rock bottom and rebound again.
But I prefer to put my faith in Chance III –diversification.
Chance III - Diversification
TBM has Redlake. Refer to Website. Current SP, easily supported
http://tributeminerals.com/images/maps/PROPERTY_PORTFOLIO_MAY_13_JP.png
Fancamp has several chances for a pop as it has diversified properties whose sale value (of which they've already had an offer worth more then the current SP) at least justifies it's price. Plus apparently they have access to deep pockets in Dwek/Minerfields who owns over 30percent of the company now. They are in FNC for a reason and intend to take it where it needs to go. Plus there is Thompson...hmmm. But one can read posts on FNC board.
However, if you are short-selling TBM, keep away from my FNC unless you can ride it to a 5 bagger at least ($2). Please don't enter FNC to sell for a cheap percentage increase.
Happy selling and buying,
-sg