One of The Ten
One of the Terrific Ten is Freemont Gold(FRERF). It put out a release yesterday saying they had completed a three hole drilling program and are now awaiting the results. This stock is very speculative, has been trading mostly between .05-.08 for the last five months. I have no idea what the drill results will indicate. The chart is pretty tight and quiet and if you don’t already have a position one might try to establish one for .06 or less. Sometimes these explorers announce completion of a drilling program and they delay the results and sometimes they are quick to get them out. No way of knowing how long the results will take. If the results are good it could prompt a large move higher and if not good obviously a selloff could occur. I don’t think there is a lot of risk because the stock isn’t coming off a ramp up based upon anticipation of the results. Don’t go overboard and use limit orders.
only 3 drill holes don’t give much hope, so many pretty girls out there, maybe bakers’ dozen list 🙂
Maybe three is all they needed to confirm what they were looking for? I’m no geologist but if I wasn’t finding anything in an area I bothered to drill in based on research etc. I would probably drill as many as I could afford before giving up on my previous expectations.