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Bullboard - Stock Discussion Forum Fortune Minerals Limited. T.FT

Alternate Symbol(s):  FTMDF

Metals & Mining Industrial Metals & Minerals
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

Bullboard (TSX:FT)

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Post by ztransforms173on Jul 01, 2024 6:14pm

What HAPPENED To Our $ 1,437,500 DEPOSIT On JFSL Option ?

The Toronto Stock Exchange (the “TSX”) has provided conditional approval in respect of the Funding Agreement. May 22, 2024 FT News release   *** WHERE is the FINAL APPROVAL from the TSX& ...more  
51
Comment by Lottenon Jul 01, 2024 3:16pm

RE:RE:Business As Usual

Of course this news alone isn't a reason to gloom and doom for long term investors. It's just a part of a puzzle where the picture is bad management in my opinion. The news can even be good ...more  
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Discussion
Comment by Jim1712on Jul 01, 2024 1:18pm

RE:RE:MyTake: JFSL WANTS MORE MONEY & CONSTRUCTION CONTRACT

Like really hard to move !   And impossible to finance as shown by Fortune.   Worley is going to have to get creative and finance this in house.  Why didn't they ? Jim 
51
Discussion
Comment by Jim1712on Jul 01, 2024 1:14pm

RE:NEGATIVE US REACTION To Property OPTION EXPIRY

Wrong !  Up almost 10 percent at this point.  Lol.  Volume is anemic .  Swings one way or another are not a trend  ! Jim. 
37
Discussion
Comment by ztransforms173on Jul 01, 2024 11:06am

RE:RE:MyTake: JFSL WANTS MORE MONEY & CONSTRUCTION CONTRACT

- METAL FABRICATION (CUTTING and WELDING steel), ASSEMBLY and STORAGE is NOT VERY DAMAGING to the ENVIRONMENT and can EASILY BE CLEANED UP WITHOUT GREAT EXPENSE - SO NO, your ANALYSIS is NOT CORRECT  ...more  
73
Discussion
Post by Allmanon Jul 01, 2024 11:00am

US military's bismuth and cobalt consumption shortfall risks

The below recent article's hyperlinked report has studied the US Military's critical minerals' consumption shortfalls in the event of conflict. Turns out that bismuth and cobalt are on the ...more  
96
Comment by Baserunneron Jul 01, 2024 10:51am

RE:MyTake: JFSL WANTS MORE MONEY & CONSTRUCTION CONTRACT

I think it is as simple as they have not received assurances of the permitted usage for the site from the regulatory authorities! Don't kid yourselves about the property, it is very hard to move ...more  
64
Discussion
Post by ztransforms173on Jul 01, 2024 10:49am

NEGATIVE US REACTION To Property OPTION EXPIRY

FTMDF Fortune Minerals Limited Ordinary Shares 0.055 -0.00857 -13.49% 0.055 / 0.0698 (22090 x 12100) Real-Time Best ...more  
77
Discussion
Post by ztransforms173on Jul 01, 2024 10:41am

A Distant 'THOUGHT': Is JFSL GUNNING For An EQUITY STAKE ?

- are these people SMART and SOPHISTICATED ENOUGH to TRADE the JFSL property for COMMON SHARES in Fortune Minerals? - IF I were in their POSITION, I WOULD but they are NOT ME ! z173
60
Post by ztransforms173on Jul 01, 2024 10:24am

MyTake: JFSL WANTS MORE MONEY & CONSTRUCTION CONTRACT

- as I 'SUSPECTED', FT has NOT RECEIVED TSX APPROVAL for SECOND CONVERTIBLE DEBENTURE (?) - therefore, it CAN'T EXECUTE LIND PARTNERS LOAN AGREEMENT and GET HOLD of the CASH to CLOSE JFSL ...more  
96
Discussion
Post by Nemesison Jul 01, 2024 10:17am

FT's reason for letting the option expire ...

In my opinion, this is good news. The conditions that were attached to the amended agreement gave far too many advantages to JFSL and were far too restrictive for Fortune Minerals and its partners ...more  
78
Comment by Yellowknifer69on Jul 01, 2024 9:53am

RE:Business As Usual

Hello and Happy Canada Day / Fourth of July to all Bottom line is FT still needs a sizeable investment and commitment from an equity partner.   This news is not really a surprise but ...more  
69
Discussion
Post by Lottenon Jul 01, 2024 9:48am

Business As Usual

Then shareholders are thrown into ignorance once again. It is no longer than a little over a month since Fortune reported that they had entered  into an amended option agreement with JFSL to ...more  
83
Discussion
Comment by Jim1712on Jul 01, 2024 9:15am

RE:Option to buy refinery expires.

Maybe the vendor takes back the mortgage on the property and closes the deal so they can both get on with the planned BFS.    If we can't do that , it's time for a strategic study ...more  
58
Discussion
Comment by redon Jul 01, 2024 8:40am

RE:Option to buy refinery expires.

I could imagine that the flow of money from grants is a factor ? We have been awarded  millions but collection of same Is another storey. It would be reasonable that we be provided a bit more ...more  
70
Discussion
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