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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 elitespooner on Jan 30, 2021 7:49am

Mine plan

A mine plan has been produced and paid by shareholders, thats material and should be released.

Its straight up BS that any directors should be able to trade knowing what they know, albeit, some are buying ;) ...

This should have been available to the shareholders when it was produced.

While I have made a complaint against the company in this regard, nothing really came of it.... straight up BS.
Comment by geolith on Jan 30, 2021 9:50am
NI 43-101 prohibits disclosure of mineral data unless it is in a prescribed form. It is expensive to do, and companies can make decisions without having data in 43-101 form. It is a problem but also an opportunity. I sat through an Oyu Tolgoi presentation where analysts were requesting resource estimates, and the presenter said that there were no approved resources, the zone was x meters long, y ...more  
Comment by elitespooner on Jan 30, 2021 12:29pm
Im not sure how a company to publicly state, "The Tlicho Government has a settled land claim and, and both the Federal and Tlicho governments have approved the NICO mine and mill." when its not available to shareholders.
Comment by red on Jan 30, 2021 2:06pm
Sorry ....Must have missed that....can you give the location of that statement ? 
Comment by Jim1712 on Jan 30, 2021 3:44pm
This post has been removed in accordance with Community Policy
Comment by elitespooner on Jan 30, 2021 6:13pm
Jim, I did mention insiders buying, is that good enough for you ? Shareholders should have the information is all Im saying. Who cares ? Well the investment community as a whole I persume, ESG ratings, what the company is doing to attract capital and of course ensure the clarity when it comes to a Mine Plan. What are you afraid of Jim ? A not so resilient plan ?? Red, its on the web page along ...more  
Comment by red on Jan 30, 2021 7:20pm
Rest assured Jim that there is nothing anyone could singularly say, quote, or any other means that would deter us from keeping the faith. The overwhelming information and facts that we know and can read about what's going on at Ft and around the world of cobalt make this clearly one of the bright spots in the NWT and NA. the interpretation of a few words does not creat doubt , there is no ...more  
Comment by Jim1712 on Jan 31, 2021 6:17am
This post has been removed in accordance with Community Policy
Comment by red on Jan 30, 2021 10:11am
Well something spurred a sudden buy! So to a degree I agree . From the companies perspective a mine plan is a Work in progress ( WIP) item and while 100 % it is probably NOT reportable as a material change  ... but say a 66 % design submission/ review of a plan, and again while is not final, it certainly gives some on the inside a good handle on matters. insiders would have access to a ...more  
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