TSXV:FCO.H - Post by User
Comment by
westernkidon Nov 25, 2013 2:58pm
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Post# 21939406
RE:RE:FCO update nov 21
RE:RE:FCO update nov 21
fo, "they" (fco's mgm.) have been schooled extensively in what "shareholders value"
is, looks like, smells like, etc. ... me thinks that they were well schooled by their
former employer prior to leaving and "discoverning" all this "new" area - now called
the "ICP". this property after all was (as I was led to believe) previously claimed
by Xstrata(and friends). somehow all these claims were not renewed and it just so
happened that a few of ex-xstrata employees were Johnny on the spot and picked
up these claims. look what happened to these claims. presto. (check out also the
2% (+) uranium deal, silver in mexico, etc.). long term "business" at it's best ... high
risks, high return, high wages ... for a select patience quiet few. remember, also,
that the ICP (present name) mine application was approved using only a bare
miminum of the discovered cobalt in firguring the value of the mine and the years
that it would last. so, fo, don't be alarmed by what the FCO management says or
does. to me, they are, and act like, a "dummy managment" (pun intended).
apparently for a long term "deal". it's just that the weather is too bad to come outside
and play - right now. patience my good man. the bad part is that the "longs" get
blasted in this setup! (reverse splits and private placement do KILL. full speed
ahead on previous course set.) but, this V-TSX company is doing just what it was
set up to accomplish and many of us longs are dieing off!
a "crystal ball" view = one of these days xstrata will say "jump" or "move it" - (start
digging) and glencore will say "how deep" (how many $) ... then xstrata (and friends
[as you can't have one without the other]) will do the ground work and glencore will
do the marketing (sky work). then FMI managers will be left with the "stuffing"; 2% (+)
canadian, the mexico and the idaho stuff to play with (plus a huge personal bank
account [complements/rewards for a job well done on the idaho assignment]) ...
And the saga continues ...