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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

Fortune Minerals Limited. > Arrowhead analyst coverage paid for by Fortune Minerals
View:
Post by Unfortunate on Jan 26, 2021 6:39pm

Arrowhead analyst coverage paid for by Fortune Minerals

While it's nice to see to see a sector shift in the cobalt space starting to move things upwards, let's try to keep some sense of balance and perspective. While it looked great to see some industry love shine its light on our meagre company last week, things are not quite as rosy as they initially seemed. Since we're all savvy, diligent investors we all of course read Arrowheads report cover to cover. Which would mean we all saw on page 44:

Important disclosures

Arrowhead Business and Investment Decisions, LLC has received fees in 2020 and will receive further fees in 2021 from Fortune Minerals Limited for researching and drafting this report and for a series of other services to Fortune Minerals Limited including distribution of this report and networking services. Neither Arrowhead BID nor any of its principals or employees own any long or short positions in Fortune Minerals Limited. Arrowhead BID's principals have a mandate for investment banking services from Fortune Minerals Limited and intend to receive compensation for investment banking activities from Fortune Minerals Limited in 2021.

TLDR; Our company paid an influencer to promote us

I, like all of you, still somehow believe in this abomination of a project but let's not get too crazy about the potential here. If all news is good news then yes this is great, but don't kid yourselves that we're a month or two away from being Bay street darlings.

Hope springs eternal but this time we're paying outsiders money for that hope
Comment by Marketbeat on Jan 26, 2021 6:58pm
Well they are an investment bank... so yea they would receive fees.  everyone can do their own research. This is one facet of info, you can also look at fundamental research corp and dissect their analysis.  at the end of the day ft is promoting their company... that's not wrong. Everyone has their own opinion of what we are worth.. at the end of the day the market will tell ...more  
Comment by Goldenpanuco on Jan 26, 2021 9:18pm
Hired guns, nothing to see here. Happens all the time in the industry.
Comment by Lotten on Jan 27, 2021 2:19am
Nothing new, and no secrets revealed. As Goldenponuco pointed out. This happens all the time in the industry. The company does what I expect from them. They promote our values.
Comment by red on Jan 27, 2021 8:33am
It's great to see new comments and interest, anylists will do what analysts do paid or otherwise it helps to draw attention to the story and I won't complain about that. Historical Market fundamentals seem to be going out the door let alone individual company fundamentals, we have seen that in many. FT has a legit set of conditions happening all around it and the cobalt world no matter ...more  
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