Post by
Yellowknifer69 on Aug 17, 2020 10:29am
Fortune minerals - A Comedy of Errors?
UudaMann:
There is little argument that Fortune Minerals has been nothing more than a comedy of errors for the last decade a best.
That includes the RV deal,
the Price WaterHouse engagement,
The hiring of certain 'specialized' directors (who are no longer in the mix),
The updated FS study that never materialized,
The Corman Park rejection,
However, they have also managed to finalize an access agreement w/ the Tlicho and invested in some community education programs. Whilst these have done little to improve shareholder value they are steps in a positive direction.
My point is there is definitely a long history of poor decision making that has negatively impacted this company. Bad decision making comes from incompetent people who are supported by a puppet board with no (apparent) interest in seeing our company succeed?
However, there is little point in rehashing the Revenue mine deal 8 years later - to what end? It is not going to change our current position so give it up. IMO, that there is a legitimate shot to pick up a financing partner by streaming the gold. Warren Buffet is investing in gold and I think this speaks volumes to the future. Question is can we capitalize on the moment?
Robin said that this was possible and I would like to see him put his money where his mouth is.
Staying long,
Yellowknifer
Comment by
uudamann on Aug 17, 2020 10:53am
Definitely NOT a comedy of errors. Something very different.