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Fortress Minerals with a large mineral claim in Mongolia is poised to bounce back big here in the near future. EDV is invested in this one and I really respect their investment decisions.
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This one dropped quickly and my bid @ .32 went through. On the upside it seems the dumping is done as there was no trades today.Volume has been good for 6 sessions and now nada. The bid ask did move up however to .325 x .345 with no bites on the bid.
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Some big blocks being picked up here -volume gaining momentum. News of drilling on some of their Mongolian projects is due any time. They either own or have applied for minerals claims which would make them the second largest mineral claims holder in the country.
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FST has been on a roll the past few sessions-good volume and the price up to .42. Noticed someone at CIBC has been loading up lately, perhaps an omen of news to come.
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Fortress Minerals quietly filed their interim financial statements today.One thing that stuck out was the issuance of 28 million shares to Bermuda 11, who held a number of mining licences in Mongolia. This brings the total O/S up to 49 million. They do have nearly 2 million in cash so they should be able to develop their more promising claims. IUC and EDV are still standing behind these guys so I still think its a hold.
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Well hit a high of .77 and I have cashed out , been a nice play tho and there may be more to this one yet. But I feel there is a good pullback with the POGold and metals suffering a bit here.
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