It's notable to point out that when we hit an intraday high of 4 pennies a few sack (Friday). We actually hit a 5 year high and tied a 7 year high. It's reasonable to say that many people were waiting to get out of this position after holding what looked like a dead horse. For Tax write offs, or to happily break even. After so many years breaking even on a stock that once traded at .002 feels like a win.
Considering all that, it's a pretty good sign that it's holding up as well as it's doing. It's not just talks or hype when it's done between two presidents and one of them being the second largest economy in the world. (China). But besides forward looking statements we are now looking for a framework contract which will jump fecof to 5 cents...... as pxp will jump to 25 as well. And when the contract is signed. Pxp will double to 50....which ultimately means fecof will need to actually jump at least 500% from 5 cents (to .25 cents). Just to keep up as it would still be grossly undervalued every time pxp rises. Does anyone follow my logic?
It would Also ph:Ab. Atok big wedge USA pure play on ac72/specifically forum shares. If you do the comparison there says that if atoms 48 billion pesos market cap converted to 920 million usdollars for their 22% of forum,,,,, then how grossly undervalued is fecofs shares? Comparing apples to apples here as a pure play compared to a pure play. We have one third the shares they do so either they need to crash or we need to trade at a 300 million market cap today by that example. But pxp is a better value for purchasing forum shares compared to Atok. So I've never made that argument before. It's better to compare conservatively then to pxp. The sooner these contracts are signed the safer we are from the wolf pxp who would love to take the rest of our shares for peanuts.
I'm putting my 4.3 mil shares into my retirement account. When it goes to 10 billion as per ongpin remarks. I'll be sitting on over 100 mil is. ??
