TSXV:FCO.H - Post by User
Post by
westernkidon Apr 28, 2010 1:54pm
545 Views
Post# 17040482
Same Page...
Same Page...It sounds like both you guys (JohnE and Schilajew) are on reading from
same page only reading between the lines a shade different. Which is OK
and normal.
Remember, we are ONLY talking about 100 to 150 MM here for the complete
ICM project. And, much has been already been done (including the
refinery). So it's not "BIG" money. It really is a small "job" - for a mine.
But, in MHO, the finance people, all want "part of the action" besides just
putting up money and earning interest. They probable want 51% of the
stock (major dilution - not good for the shareholders). They want seats
on the BOD. They want to have a say in WHO can buy the production.
They "Want, Want, Want".
Our leader does not "Want" to give up controlling interest (very good for the
shareholders). I'm with her on this! Besides, IMHO again, she knows
what's under the ground and know that this is not only a Cobalt Mine...but
really a "Gold" mine (mixed metaphors).
To bad it takes so long to draw up contracts with end users. Using the
Chinese, lots of money there but not in the best interest of North America.
And, talk about leaving your stock to your kids (actually grand kids), it was
1997 when I first bought some shares in FCO. My grand kids have already
grown up in since then.
westernkid