Fabled Silver Gold Corp T.FCO

Future

[westernkid]

With the just approved BIG Bank Loan, it looks like Xstrata (through Glencore Xstrata PIC) is about to bring Formation Metals Inc. back into their basket of companies owned.

If I read it right, they should be about ready to make a offer to buy out FCO. Probable something like 12 cents for our present 10 cent listed share price. Then they can and will boast how nice they are for offering us a 20% increase (or something close to this) over our present value. 

This is the way that the V.TXS seems to operate.

Note: The fully permitted Cobalt Mine (ICP) with it's own refinery (not build yet - but they have the
property, engineering, and permits) is worth way more than than .12/share.

The Uranium holding by themselves are worth more than .12/share.

The other Gold and Silver holdings also adds value.

But, there is also a BIG negative: It's present management (X - Xstrata employees). 
There is NO apparent attempt to improve stockholders value.  Yes, there has been several
upgrading from the origional plan of just having a high grade cobalt mine. But, in my
hind site opinion, these improvements were made for the good of the future owners 
(who also were the past owners) not made to improve the stock value for the sharesholders.  (Example, Cash loan, with high interest rate made with [no surprise here] Glencore.)

Also, there is little to no attempt by the managers to perform "clarity" or "disclosure" in their work.
There are many things that could have been shared with stockholders that would improve the
the "value" of the stock. An example: The NI 43-101 was submitted with the least amount of
facts needed to get it approved and show that it would be profitable. When, in fact, management
could easily have revealed then (or sometime thereafter) much more information concerning the amounts, outside the "RAM", of "Proven and Probable Reserves". The information should
be available and even used when negotating financing for the "Capital Equipment" required to
"build" (or dig) and operate the mine. It would add "years' to the expected 10 year mine life!