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

15 ก.ย. 2020

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.