wealth_bakery

FVL.TO -- Oversold despite good drilling results; Likely bounce

Long
TSX:FVL   FREEGOLD VENTURES LIMITED
FVL.TO reported good but not spectacular stepout results and was the target of a short attack. Oversold on the Daily. Very good chance of a bounce. The company is cashed up and continues drilling. Has previously reported spectacular gold intercepts which set unrealistic expectations for some investors, it seems, not understanding what step outs are designed for. Billionaire Eric Sprott is heavily invested in this one. Favourable macro with Gold gaining ground in recent days.

Comments

Hey Tanneri, I just signed up to this. wanted to see what this platform is like. I think freegold has a pretty good chance long term to be a fairly rewarding stock.
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I’m long on this, what do you think is going on hear now? Shaking out the weak hands? Seems odd that this dropped so much on the last results which weren’t bad. A lack of understanding on this hole to most investors ?
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