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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

TSX:FT - Post Discussion

Fortune Minerals Limited. > Canada will not retrospectively target Chinese investments
View:
Post by Allman on Mar 08, 2023 10:15am

Canada will not retrospectively target Chinese investments

This is arguably good news for Fortune Minerals, as its second largest shareholder, i.e. Procon Mining, is majority owned by China CAMC Engineering Company. The statement by Minister Wilkinson clears the air if there was any doubt about a potential issue. He must have gotten an earful at PDAC.

https://money.usnews.com/investing/news/articles/2023-03-08/exclusive-canada-will-not-retrospectively-target-chinese-investments-in-canadian-mining-companies-minister-says
Comment by red on Mar 08, 2023 1:26pm
Based on what we on the street know, how good is it to have them as our second largest shareholder? I am sure there must be some good but what exactly is that ? 
Comment by sirfartalot on Mar 08, 2023 7:22pm
All in my humble opinion: Since they have been involved with the company, what net benefit to shareholders, particually the small retail shareholders has transpired ?  Where do their interests lay / lie ?
Fortune Minerals Limited.
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