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Fortune Minerals Limited. T.FT

Alternate Symbol(s):  FTMDF

Fortune Minerals Ltd is a Canadian mining and mine development company focused on developing the NICO Cobalt-Gold-Bismuth Copper Project in the Northwest Territories. The company plans to build a hydrometallurgical plant in southern Canada to process NICO metal concentrates. Fortune also owns the satellite Sue-Dianne Copper-Silver-Gold Deposit located 25 km north of the NICO Project, which is a potential future source of incremental mill feed to extend the life.


TSX:FT - Post by User

Bullboard Posts
Comment by Yellowknifer69on Sep 24, 2019 5:20am
212 Views
Post# 30157680

RE:Waiting

RE:Waiting Hello and good morning fellow longs

Also another disgruntled Long I might add.  The waiting is likely to continue and unless something miraculous happens soon we will miss the 2020 winter road to begin mine build out.

Anyways if you go onto Sedar and review the interim Financials of Aug 14 you can see that as of June 3oth we had about $2.6 million of cash and  equivalents on hand.  The money will be gone by December.

So to answer your question Marketbeat, we won't have to wait until next year for something to happen.  All I can say is its been another 2 months without any news of any sort from the company.  I would have been sacked along time ago by my board for this type of conduct for sure.

But as long as shareholders do or say nothing to voice their disapproval the wagon with the broken wheel keeps limping along.  Oh well maybe we get news by the end of October!

Yellowknifer
Bullboard Posts