RE:Management & DiscussionsHello and good evening longs:
Hope everyone had a terrific weekend! In answer to spooner - yes, the bloated share count is conerning to me as a long time shareholder. But, if you look at the resource base (whats in the groundt) this project is still a ten bagger, possibly twenty depending on how old you are!
Okay tongue in cheek comments aside, if the original FS study was legit than this project has merit. it simply needs someone to market it properly - like Price WaterHouse?
The company owes roughly $8 million that is collectible in 2021, we also know that Fortune is burning cash and likely only to survive until end of 2020. The $8 million is a drop in the bucket when you compare it to the total defined resource base. So I personally think that the debt is a non-secuitor - that is logically not a problem.
The current cash reserves are a problem and unless Goad and Co come up with something fast then maybe the debt calling becomes an issue. However, Having said that I know of and have spoken to at least 2 investors who have indicated that when Robin needs money thye will be there to support him.
As such it is a waste of time to lament what Fortune should've, could've, would've done over the last decade and encourage them to focus on the now. Agreed dumb moves have hindered our development but lets look at the possibilities of the deposit!
Staying long and staying away from the debate on Revenue Mine - get over it UudaMan.
something brewing here boys?
Yellowknifer