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Bullboard - Stock Discussion Forum 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... see more

TSX:FT - Post Discussion

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Post by uudamann on Aug 28, 2020 2:26pm

Lascaux

Lascaux had to know what was going on at the Ouray silver mine while they controlled the purse strings based upon regular updates and their due diligence. It would have been a no brainer to short the KRAP out of FT's shares either directly or via off shore proxies, the latter who could remain anonymous. While the bumbling incompetents operating the mine did everything to attract the vultures it defies reality that none showed up. Which begs the question on which team Lascaux was a player from the beginning.

Remember they never exercised a claim to their rights under loan agreement to foreclose on FT and seize NICO and Arctos.
Comment by elitespooner on Aug 28, 2020 4:05pm
The debt call is coming very soon !! Nighthawk has been drilling full on for years, north of this deposit for close to a decade now, they may have 2 million indicated, theyre still drilling, 5 drills now ?? and recenty raised 12 million... Now were to believe that its difficult raising capital ... pffft What market is the company in ??
Comment by uudamann on Aug 28, 2020 7:28pm
Remember this? Romaniuk said they only needed 5-6 million to bring the mine to production. Very simple task and straight forward. No brainer. Everything in place and hunky dory. Have it up and running in no time! How many FT shareholders fell for this? And got their clocks cleaned?  Lots of other experts and consultants were called in and concurred. More suckers taken to the cleaners. Listen ...more  
Comment by elitespooner on Aug 29, 2020 7:36am
Robin is already telling us, they cannot raise financing. How is this debt going to be paid ??
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