RE:RE:Interesting Hello and good afternoon:
I had a great conversation w/ a seasoned mining ex recently and the consensus is that when our CEO is surrounded by peers that are loyal to the individual rather than the company and shareholders, then there is less incentive to bother to perform. So essentially it is a free paycheck on the investor's dime.
Fortune will never build this mine as has been indicated plenty of times before - they simply don't have the bandwidth or expertise to do so.
However, in response to Red's question what is turning investors' off of this play? Maybe it is the fear of the unknown? How does a company truly know what they are purchasing when the junior's track record of developing and excuting is zero?
If you dole out $150 million for a risky investment how do you explain that to shareholders?
Basically, as it was explained to me, what is the incentive to purchase Fortune Minerals if you haven't secured much interest in the last 10 years?
Further to this point is - Who is marketing on our behalf? Answer Robin and Troy? How effective have they been? Well just look at our Share price. You can't blame current price entirely on market conditions? I mean gold is rolling right now fellas.
Ultimately, if we can't market our asset then our chances of getting bought out keep decreasing.
Still Long - no place left to go but up or delisting! LoL
Yellowknifer