What's the big rush to spend money in this market? Each drilling project dilutes our interest.....Peter knows they have the goods. Fancamp went back to redrill the first target after the assays came back - then abruptly stopped drilling the target - why?
As much as the forum isn't a fan of Peter and Sheridan, don't think for a minute there isn't a game plan....there are few more experienced in this game than Peter and Sheridan. Info to the market will be sparse and kept to potential investors, this is in our best interest too - unless somebody has a few million to spare. That's a call the office would return in a minute or two.
With FNC's location to Eagle One and the results from drilling, raising money won't be an issue - even in this tough market. But again, why drill right now.....let FWR and NOT spend the money around around FNC!
The office needs to keep cashflow positive to ensure the long term viability of Fancamp...our worse case scenario is Fancamp selling out too early - this market sucks.
Just a couple of thoughts from a recent poster but long time follower of the forum.